Anthony Ray Kappus Sells 1,964 Shares of Upwork (NASDAQ:UPWK) Stock

Upwork Inc. (NASDAQ:UPWK) COO Anthony Ray Kappus sold 1,964 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $8.43, for a total transaction of $16,556.52. Following the completion of the sale, the chief operating officer directly owned 7,214 shares of the company’s stock, valued at $60,814.02. The trade was a 21.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Anthony Ray Kappus also recently made the following trade(s):

• On Saturday, July 18th, Anthony Ray Kappus sold 558 shares of Upwork stock. The shares were sold at an average price of $9.06, for a total transaction of $5,055.48.

Upwork Trading Down 0.6%

NASDAQ:UPWK opened at $8.61 on Friday. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 11.18 and a beta of 0.99. The firm’s fifty day simple moving average is $8.83 and its 200 day simple moving average is $10.50. Upwork Inc. has a twelve month low of $7.44 and a twelve month high of $22.84.

Upwork (NASDAQ:UPWK) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Upwork had a return on equity of 16.70% and a net margin of 12.94%.The firm had revenue of $191.66 million during the quarter. During the same quarter in the prior year, the company posted $0.35 earnings per share. The firm’s revenue for the quarter 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.

Institutional Trading of Upwork

Several large investors have recently modified their holdings of the business. State of Wyoming purchased a new position in Upwork in the second quarter valued at about $1,965,000. Vanguard Group Inc. grew its stake in Upwork by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 14,989,217 shares of the company’s stock valued at $297,086,000 after purchasing an additional 322,455 shares in the last quarter. New York State Teachers Retirement System increased its holdings in Upwork by 547.9% during the 4th quarter. New York State Teachers Retirement System now owns 73,287 shares of the company’s stock worth $1,453,000 after purchasing an additional 61,976 shares during the last quarter. Summit Partners Public Asset Management LLC purchased a new stake in Upwork during the 4th quarter worth approximately $40,136,000. Finally, Legal & General Group Plc raised its position in shares of Upwork by 126.8% in the 4th quarter. Legal & General Group Plc now owns 332,884 shares of the company’s stock valued at $6,598,000 after purchasing an additional 186,081 shares in the last quarter. 77.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on UPWK shares. Wall Street Zen lowered Upwork from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group reduced their price target on Upwork from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th. The Goldman Sachs Group set a $11.50 price target on Upwork in a report on Tuesday, August 11th. Citizens Jmp downgraded shares of Upwork from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th. Finally, Scotiabank dropped their price objective on shares of Upwork from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Upwork currently has a consensus rating of “Hold” and a consensus target price of $13.05.

Upwork Company 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.