Ieq Capital LLC Takes $511,000 Position in Upwork Inc. $UPWK

Ieq Capital LLC acquired a new position in shares of Upwork Inc. (NASDAQ:UPWK) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 61,078 shares of the company’s stock, valued at approximately $511,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of UPWK. Farther Finance Advisors LLC increased its holdings in Upwork by 594.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,361 shares of the company’s stock valued at $27,000 after buying an additional 1,165 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Upwork by 434.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,881 shares of the company’s stock worth $37,000 after buying an additional 1,529 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Upwork by 43.7% during the 2nd quarter. GAMMA Investing LLC now owns 4,575 shares of the company’s stock worth $38,000 after buying an additional 1,392 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Upwork during the 4th quarter worth about $42,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Upwork by 19,361.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,503 shares of the company’s stock worth $47,000 after acquiring an additional 3,485 shares in the last quarter. Institutional investors and hedge funds own 77.71% of the company’s stock.

Insider Activity at Upwork

In other news, CFO Erica Gessert sold 22,844 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $8.43, for a total transaction of $192,574.92. Following the transaction, the chief financial officer directly owned 364,789 shares in the company, valued at approximately $3,075,171.27. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 transaction of $617,421.63. Following the transaction, the chief executive officer owned 771,076 shares in the company, valued at approximately $6,500,170.68. This trade represents a 8.67% 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. In the last ninety days, insiders have sold 132,520 shares of company stock worth $1,108,000. 4.90% of the stock is currently owned by corporate insiders.

Upwork Stock Performance

Shares of UPWK stock opened at $9.02 on Friday. The stock’s 50-day moving average is $8.89 and its two-hundred day moving average is $10.16. Upwork Inc. has a 1 year low of $7.44 and a 1 year high of $22.84. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 11.71 and a beta of 0.99.

Upwork (NASDAQ:UPWK) last posted its earnings results on Monday, August 10th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. The business had revenue of $191.66 million during the quarter. Upwork had a return on equity of 16.70% and a net margin of 12.94%.The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. 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 Analyst Weigh In

A number of research firms have recently commented on UPWK. Citigroup dropped their price objective on Upwork from $17.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. UBS Group lowered their price target on Upwork from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, August 14th. Scotiabank dropped their price target 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. Needham & Company LLC cut their price objective on shares of Upwork from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Finally, Roth Capital downgraded shares of Upwork from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research report on Friday, May 8th. Three research 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 MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.