OneDigital Investment Advisors LLC Makes New $4.15 Million Investment in Upwork Inc. $UPWK

OneDigital Investment Advisors LLC acquired a new stake in Upwork Inc. (NASDAQ:UPWK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 496,544 shares of the company’s stock, valued at approximately $4,151,000. OneDigital Investment Advisors LLC owned 0.40% of Upwork as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its stake in Upwork by 44.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,231,377 shares of the company’s stock valued at $381,166,000 after acquiring an additional 5,893,970 shares during the period. Vanguard Group Inc. boosted its position in Upwork by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 14,989,217 shares of the company’s stock worth $297,086,000 after purchasing an additional 322,455 shares during the period. LSV Asset Management increased its holdings in shares of Upwork by 0.4% in the fourth quarter. LSV Asset Management now owns 6,537,275 shares of the company’s stock valued at $129,569,000 after purchasing an additional 23,900 shares during the last quarter. Ancient Art L.P. increased its holdings 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 purchasing an additional 372,147 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Upwork by 26.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,715,616 shares of the company’s stock valued at $40,720,000 after purchasing an additional 779,506 shares during the period. 77.71% of the stock is currently owned by institutional investors.

Insider Transactions at Upwork

In other news, CFO Erica Gessert sold 9,169 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $8.15, for a total value of $74,727.35. Following the sale, the chief financial officer directly owned 341,609 shares in the company, valued at approximately $2,784,113.35. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Hayden Brown sold 23,468 shares of Upwork stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $8.15, for a total transaction of $191,264.20. Following the sale, the chief executive officer directly owned 797,495 shares in the company, valued at $6,499,584.25. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 34,471 shares of company stock valued at $281,446 in the last three months. Company insiders own 4.90% of the company’s stock.

Upwork Stock Performance

UPWK opened at $8.48 on Monday. Upwork Inc. has a 52-week low of $7.44 and a 52-week high of $22.84. The firm has a market cap of $1.06 billion, a P/E ratio of 11.01 and a beta of 0.99. The business’s fifty day moving average is $8.85 and its 200-day moving average is $10.85.

Upwork (NASDAQ:UPWK) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.41 earnings per share 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 company had revenue of $191.66 million during the quarter. During the same period last year, the company posted $0.35 EPS. The business’s revenue was down 1.7% on a year-over-year basis. Upwork has set its FY 2026 guidance at 1.380-1.430 EPS and its Q3 2026 guidance at 0.310-0.330 EPS.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings cut shares of Upwork from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. Citizens Jmp cut shares of Upwork from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. UBS Group cut their price objective on shares of Upwork from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday. Needham & Company LLC reduced their price objective on Upwork from $15.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Finally, Citigroup decreased their target price on Upwork from $17.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.05.

Upwork Profile

Upwork Inc operates a leading online talent marketplace that connects businesses with independent professionals worldwide. Through its digital platform, the company enables clients across industries—including technology, marketing, creative services and customer support—to source, hire and manage freelance talent on demand. Key features of the Upwork platform include streamlined job posting, proposal evaluation, time-tracking tools, invoicing and secure payment processing, all designed to simplify collaboration between clients and remote workers.

The company traces its roots to the merger of two pioneering freelance marketplaces, Elance (founded in 1998) and oDesk (founded in 2003), which combined in 2015 to form a unified entity.