OneDigital Investment Advisors LLC bought a new position in Upwork Inc. (NASDAQ:UPWK – Free Report) in the second quarter, HoldingsChannel reports. The fund bought 496,544 shares of the company’s stock, valued at approximately $4,151,000.
Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in shares of Upwork by 594.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,361 shares of the company’s stock worth $27,000 after purchasing an additional 1,165 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Upwork by 434.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,881 shares of the company’s stock valued at $37,000 after buying an additional 1,529 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Upwork during the 4th quarter worth approximately $42,000. Strs Ohio acquired a new position in Upwork in the 4th quarter valued at approximately $50,000. Finally, Mcguire Capital Advisors Inc. bought a new position in shares of Upwork during the fourth quarter valued at $66,000. 77.71% of the stock is currently owned by institutional investors.
Insider Transactions at Upwork
In related news, CFO Erica Gessert sold 9,169 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $8.15, for a total value of $74,727.35. Following the sale, the chief financial officer owned 341,609 shares in the company, valued at $2,784,113.35. This represents a 2.61% 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 23,468 shares of the firm’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 $191,264.20. Following the completion of the transaction, the chief executive officer directly owned 797,495 shares in the company, valued at approximately $6,499,584.25. The trade was a 2.86% 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. Insiders sold a total of 34,471 shares of company stock worth $281,446 in the last 90 days. 4.90% of the stock is currently owned by company insiders.
Upwork Price Performance
Upwork (NASDAQ:UPWK – Get Free Report) last announced its quarterly earnings data 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 during the quarter. During the same period last year, the business posted $0.35 EPS. The company’s 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.
Wall Street Analyst Weigh In
UPWK has been the topic of several analyst reports. Needham & Company LLC reduced their price objective on shares of Upwork from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Citigroup reduced their price target on Upwork from $17.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Roth Capital downgraded 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. Wall Street Zen lowered Upwork from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings downgraded shares of 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 given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Upwork presently has a consensus rating of “Hold” and an average price target of $13.05.
Check Out Our Latest Report on UPWK
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.
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