Anthony Ray Kappus Sells 45,732 Shares of Upwork (NASDAQ:UPWK) Stock

Upwork Inc. (NASDAQ:UPWK) COO Anthony Kappus sold 45,732 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $8.45, for a total transaction of $386,435.40. Following the sale, the chief operating officer owned 76,342 shares of the company’s stock, valued at approximately $645,089.90. The trade was a 37.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Tuesday, August 18th, Anthony Kappus sold 1,964 shares of Upwork stock. The shares were sold at an average price of $8.43, for a total value of $16,556.52.
• On Saturday, July 18th, Anthony Kappus sold 558 shares of Upwork stock. The shares were sold at an average price of $9.06, for a total value of $5,055.48.

Upwork Stock Performance

NASDAQ:UPWK traded down $0.02 during trading hours on Tuesday, reaching $8.35. The stock had a trading volume of 3,115,523 shares, compared to its average volume of 3,699,119. The stock has a market cap of $1.04 billion, a P/E ratio of 10.84 and a beta of 1.01. The stock has a 50 day simple moving average of $8.92 and a 200 day simple moving average of $9.57. Upwork Inc. has a 12-month low of $7.44 and a 12-month high of $22.84.

Upwork (NASDAQ:UPWK) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter. During the same period in the prior year, the company earned $0.35 EPS. The firm’s quarterly 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.

Institutional Investors Weigh In On Upwork

Institutional investors and hedge funds have recently made changes to their positions in the business. Ancient Art L.P. grew its position in Upwork by 8.7% during 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 in the last quarter. Capital International Investors raised its holdings in shares of Upwork by 37.7% in the 4th 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 boosted its position in shares of Upwork by 26.5% during the 1st 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 during the last quarter. Summit Partners Public Asset Management LLC bought a new stake in shares of Upwork during the 4th quarter valued at about $40,136,000. Finally, Fiera Capital Corp grew its holdings in shares of Upwork by 32.4% during the fourth quarter. Fiera Capital Corp now owns 1,379,902 shares of the company’s stock worth $27,350,000 after purchasing an additional 338,002 shares in the last quarter. Hedge funds and other institutional investors own 77.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group set a $11.50 target price on shares of Upwork in a research note on Tuesday, August 11th. Royal Bank Of Canada cut their price objective on shares of Upwork from $9.00 to $8.00 and set a “sector perform” rating for the company in a report on Tuesday, August 11th. UBS Group reduced their price objective on shares of Upwork from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, August 14th. Canaccord Genuity Group lowered their target price on shares of Upwork from $10.00 to $9.00 and set a “hold” rating on the stock in a report on Wednesday, August 12th. Finally, Weiss Ratings downgraded Upwork from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.05.

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.