Upwork Inc. $UPWK Stock Holdings Reduced by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC reduced its position in Upwork Inc. (NASDAQ:UPWK) by 79.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 81,000 shares of the company’s stock after selling 308,205 shares during the quarter. SkyView Investment Advisors LLC’s holdings in Upwork were worth $677,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. LSV Asset Management lifted its holdings in shares of Upwork by 0.4% during the 4th quarter. LSV Asset Management now owns 6,537,275 shares of the company’s stock valued at $129,569,000 after buying an additional 23,900 shares during the last quarter. Ancient Art L.P. increased its holdings in Upwork by 8.7% in the fourth quarter. Ancient Art L.P. now owns 4,640,814 shares of the company’s stock worth $91,981,000 after buying an additional 372,147 shares during the last quarter. Capital International Investors raised its position in Upwork by 37.7% during the fourth quarter. Capital International Investors now owns 3,288,860 shares of the company’s stock valued at $65,185,000 after acquiring an additional 900,318 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Upwork by 26.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,715,616 shares of the company’s stock valued at $40,720,000 after acquiring an additional 779,506 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC bought a new position in Upwork during the fourth quarter valued at approximately $40,136,000. 77.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Upwork news, CFO Erica Gessert sold 22,844 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.43, for a total value of $192,574.92. Following the completion of the transaction, the chief financial officer owned 364,789 shares of the company’s stock, valued at $3,075,171.27. This represents a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Hayden Brown sold 73,241 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.43, for a total value of $617,421.63. Following the completion of the sale, the chief executive officer owned 771,076 shares of the company’s stock, valued at $6,500,170.68. This represents a 8.67% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 132,520 shares of company stock valued at $1,108,000. 4.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on UPWK. Weiss Ratings downgraded shares of Upwork from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. Scotiabank cut their price target on shares of Upwork from $10.00 to $8.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 11th. Citigroup reduced their price objective on shares of Upwork from $17.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. The Goldman Sachs Group set a $11.50 price objective on Upwork in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada decreased their target price on Upwork from $9.00 to $8.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.05.

Upwork Price Performance

NASDAQ:UPWK opened at $8.70 on Tuesday. The stock has a market cap of $1.09 billion, a P/E ratio of 11.30 and a beta of 1.01. Upwork Inc. has a one year low of $7.44 and a one year high of $22.84. The company has a fifty day moving average price of $8.95 and a 200 day moving average price of $9.74.

Upwork (NASDAQ:UPWK) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter. During the same quarter in the prior year, the business earned $0.35 earnings per share. The business’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.

Upwork 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.