Upwork (NASDAQ:UPWK) CAO Sabrina Mekhalfa Sells 1,299 Shares of Stock

Key Points

• Upwork CAO Sabrina Mekhalfa sold 1,299 shares at an average price of $8.45, worth approximately $10,977. The sale reduced her holdings by 16.29% and was made to cover tax obligations from vested equity awards.
• Upwork shares slipped 0.2% to $8.35, near the lower end of their 52-week range. The stock has a $1.04 billion market capitalization and trades below both its 50-day and 200-day moving averages.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and a $13.05 average price target. The company recently exceeded quarterly EPS estimates, though revenue declined 1.7% year over year.

Upwork Inc. (NASDAQ:UPWK - Get Free Report) CAO Sabrina Mekhalfa sold 1,299 shares of the company's stock in a transaction on Friday, September 18th. The stock was sold at an average price of $8.45, for a total value of $10,976.55. Following the sale, the chief accounting officer owned 6,675 shares of the company's stock, valued at $56,403.75. This trade represents a 16.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Upwork Stock Down 0.2%

NASDAQ UPWK traded down $0.02 on Tuesday, reaching $8.35. The company had a trading volume of 3,115,523 shares, compared to its average volume of 3,699,119. The stock has a market capitalization of $1.04 billion, a P/E ratio of 10.84 and a beta of 1.01. The company's fifty day moving average is $8.92 and its 200 day moving average is $9.57. Upwork Inc. has a 52-week low of $7.44 and a 52-week high of $22.84.

Upwork (NASDAQ:UPWK - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. Upwork had a net margin of 12.94% and a return on equity of 16.70%. The firm had revenue of $191.66 million for the quarter. During the same period in the prior year, the firm earned $0.35 earnings per share. Upwork's revenue was down 1.7% compared to the same quarter last year. Upwork has set its FY 2026 guidance at 1.380-1.430 EPS and its Q3 2026 guidance at 0.310-0.330 EPS.

Analyst Ratings Changes

Several research firms have commented on UPWK. Needham & Company LLC dropped their target price on shares of Upwork from $15.00 to $11.00 and set a "buy" rating on the stock in a research report on Tuesday, August 11th. Canaccord Genuity Group reduced their target price on Upwork from $10.00 to $9.00 and set a "hold" rating for the company in a report on Wednesday, August 12th. Royal Bank Of Canada decreased their price target on Upwork from $9.00 to $8.00 and set a "sector perform" rating for the company in a research report on Tuesday, August 11th. The Goldman Sachs Group set a $11.50 price target on Upwork in a report on Tuesday, August 11th. Finally, Weiss Ratings lowered shares of Upwork from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Upwork has a consensus rating of "Hold" and a consensus price target of $13.05.

Institutional Trading of Upwork

A number of large investors have recently bought and sold shares of the company. Ancient Art L.P. raised its stake in shares of Upwork by 8.7% in the fourth quarter. Ancient Art L.P. now owns 4,640,814 shares of the company's stock valued at $91,981,000 after buying an additional 372,147 shares during the period. Capital International Investors grew its stake in shares of Upwork by 37.7% during the 4th quarter. Capital International Investors now owns 3,288,860 shares of the company's stock worth $65,185,000 after acquiring an additional 900,318 shares during the period. Dimensional Fund Advisors LP increased its holdings in Upwork by 26.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,715,616 shares of the company's stock worth $40,720,000 after acquiring an additional 779,506 shares during the last quarter. Summit Partners Public Asset Management LLC purchased a new stake in Upwork in the 4th quarter worth about $40,136,000. Finally, Fiera Capital Corp raised its stake in Upwork by 32.4% in the 4th quarter. Fiera Capital Corp now owns 1,379,902 shares of the company's stock valued at $27,350,000 after acquiring an additional 338,002 shares during the period. 77.71% of the stock is owned by hedge funds and other institutional investors.

Upwork Company Profile

Upwork Inc operates a global online work marketplace that connects businesses with independent professionals and agencies. The platform supports a wide range of services, including software development, design and creative work, marketing, writing and translation, consulting, customer support, and administrative services.

Through its marketplace, Upwork enables businesses to find talent, post projects, manage engagements, collaborate remotely, and process payments. The company also offers solutions designed for larger organizations, including tools for sourcing, onboarding, managing, and paying independent professionals at scale.

Upwork was formed through the 2014 merger of Elance and oDesk and adopted the Upwork name in 2015.

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