Upwork Inc. $UPWK Shares Sold by Pacer Advisors Inc.

Posted by Francis Steltz on May 15th, 2026

Pacer Advisors Inc. lessened its holdings in shares of Upwork Inc. (NASDAQ:UPWK – Free Report) by 98.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 10,130 shares of the company’s stock after selling 518,181 shares during the period. Pacer Advisors Inc.’s holdings in Upwork were worth $201,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Raymond James Financial Inc. raised its position in shares of Upwork by 4.0% during the 3rd quarter. Raymond James Financial Inc. now owns 24,004 shares of the company’s stock worth $446,000 after acquiring an additional 928 shares in the last quarter. Straightline Group LLC grew its stake in Upwork by 3.1% during the 3rd quarter. Straightline Group LLC now owns 38,302 shares of the company’s stock worth $711,000 after buying an additional 1,159 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Upwork by 594.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,361 shares of the company’s stock worth $27,000 after buying an additional 1,165 shares during the last quarter. Clearstead Advisors LLC grew its stake in Upwork by 998.4% during the 3rd quarter. Clearstead Advisors LLC now owns 1,406 shares of the company’s stock worth $26,000 after buying an additional 1,278 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in Upwork by 3.0% during the 3rd quarter. Lazard Asset Management LLC now owns 45,381 shares of the company’s stock worth $843,000 after buying an additional 1,303 shares during the last quarter. Institutional investors and hedge funds own 77.71% of the company’s stock.

Insider Buying and Selling at Upwork

In other Upwork news, insider Dave Bottoms sold 17,013 shares of Upwork stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $13.80, for a total value of $234,779.40. Following the transaction, the insider directly owned 15,994 shares in the company, valued at approximately $220,717.20. This trade represents a 51.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Hayden Brown sold 123,152 shares of Upwork stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $13.80, for a total value of $1,699,497.60. Following the completion of the transaction, the chief executive officer owned 776,067 shares in the company, valued at $10,709,724.60. This trade represents a 13.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 235,186 shares of company stock worth $3,156,199. 7.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

UPWK has been the topic of a number of research reports. Scotiabank dropped their price target on Upwork from $15.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Friday, May 8th. UBS Group downgraded Upwork from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $20.00 to $10.00 in a research note on Friday, May 8th. Needham & Company LLC dropped their price target on Upwork from $25.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Citizens Jmp downgraded Upwork from an “outperform” rating to a “market perform” rating in a research note on Friday, May 8th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $27.00 price target on shares of Upwork in a research note on Tuesday, February 10th. Three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $16.20.

Get Our Latest Research Report on UPWK

Upwork Trading Down 3.7%

Shares of UPWK stock opened at $8.08 on Friday. The business’s 50 day moving average is $11.03 and its two-hundred day moving average is $15.75. Upwork Inc. has a twelve month low of $7.44 and a twelve month high of $22.84. The company has a market capitalization of $998.04 million, a P/E ratio of 9.98 and a beta of 1.07.

Upwork declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 18th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 18% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Upwork Profile

(Free Report)

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.

Upwork Inc. $UPWK Shares Sold by Pacer Advisors Inc.

Insider Buying and Selling at Upwork

Analyst Ratings Changes

Upwork Trading Down 3.7%

Upwork Profile

Recommended Stories

You might be interested in: