Insider Selling: Upwork (NASDAQ:UPWK) CAO Sells $10,399.40 in Stock

Posted by George Bondi on Jun 26th, 2026

Upwork Inc. (NASDAQ:UPWK – Get Free Report) CAO Sabrina Mekhalfa sold 1,276 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $8.15, for a total transaction of $10,399.40. Following the completion of the transaction, the chief accounting officer directly owned 4,396 shares of the company’s stock, valued at $35,827.40. The trade was a 22.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Upwork Price Performance

Upwork stock opened at $7.86 on Friday. The stock has a market capitalization of $970.87 million, a P/E ratio of 9.70 and a beta of 1.01. Upwork Inc. has a 12-month low of $7.44 and a 12-month high of $22.84. The firm’s 50-day moving average is $9.18 and its two-hundred day moving average is $13.77.

Analysts Set New Price Targets

A number of research analysts have weighed in on UPWK shares. Canaccord Genuity Group lowered Upwork from a “buy” rating to a “hold” rating and reduced their price target for the stock from $22.00 to $10.00 in a research note on Friday, May 8th. Weiss Ratings downgraded Upwork from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Needham & Company LLC dropped their price objective on shares of Upwork from $25.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Citigroup lowered their target price on shares of Upwork from $17.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Finally, Scotiabank dropped their price objective on Upwork from $15.00 to $10.00 and set a “sector perform” rating for the company in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.50.

View Our Latest Stock Report on Upwork

Institutional Investors Weigh In On Upwork

Several institutional investors have recently bought and sold shares of the business. Invenomic Capital Management LP purchased a new position in Upwork in the third quarter valued at about $24,782,000. Ancient Art L.P. boosted its position in shares of Upwork by 13.1% in the third quarter. Ancient Art L.P. now owns 4,268,667 shares of the company’s stock worth $79,269,000 after buying an additional 494,759 shares during the period. Picton Mahoney Asset Management purchased a new stake in shares of Upwork in the third quarter worth about $1,648,000. Burney Co. acquired a new stake in shares of Upwork in the fourth quarter valued at about $3,342,000. Finally, State of Alaska Department of Revenue raised its holdings in shares of Upwork by 1,566.8% during the 4th quarter. State of Alaska Department of Revenue now owns 105,258 shares of the company’s stock valued at $2,085,000 after buying an additional 98,943 shares during the period. 77.71% of the stock is currently owned by hedge funds and other institutional investors.

About Upwork

(Get 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.