Susquehanna Fundamental Investments LLC Sells 86,914 Shares of Upwork Inc. $UPWK

Susquehanna Fundamental Investments LLC lessened its position in shares of Upwork Inc. (NASDAQ:UPWK) by 51.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,752 shares of the company’s stock after selling 86,914 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Upwork were worth $675,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of UPWK. Price T Rowe Associates Inc. MD grew its holdings in shares of Upwork by 44.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,231,377 shares of the company’s stock worth $381,166,000 after buying an additional 5,893,970 shares in the last quarter. Vanguard Group Inc. lifted its stake in Upwork by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 14,989,217 shares of the company’s stock valued at $297,086,000 after acquiring an additional 322,455 shares in the last quarter. LSV Asset Management boosted its position in Upwork by 0.4% during the 4th quarter. LSV Asset Management now owns 6,537,275 shares of the company’s stock worth $129,569,000 after acquiring an additional 23,900 shares during the last quarter. Ancient Art L.P. lifted its position in shares of Upwork by 8.7% in the fourth quarter. Ancient Art L.P. now owns 4,640,814 shares of the company’s stock worth $91,981,000 after purchasing an additional 372,147 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Upwork by 26.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,715,616 shares of the company’s stock worth $40,720,000 after purchasing an additional 779,506 shares in the last quarter. Institutional investors and hedge funds own 77.71% of the company’s stock.

Insider Buying and Selling at Upwork

In related news, CFO Erica Gessert sold 22,844 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $8.43, for a total value of $192,574.92. Following the completion of the sale, the chief financial officer directly owned 364,789 shares in the company, valued at $3,075,171.27. The trade was a 5.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $8.43, for a total value of $617,421.63. Following the completion of the transaction, the chief executive officer directly owned 771,076 shares in the company, valued at approximately $6,500,170.68. This represents a 8.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 132,520 shares of company stock valued at $1,108,000 over the last 90 days. 4.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Roth Capital downgraded shares of Upwork from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a research report on Friday, May 8th. Royal Bank Of Canada reduced their price objective on shares of Upwork from $9.00 to $8.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 11th. Needham & Company LLC decreased their price objective on Upwork from $15.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Citizens Jmp downgraded Upwork from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th. Finally, Wall Street Zen cut Upwork from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Three research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.05.

Upwork Trading Down 1.7%

UPWK opened at $9.03 on Thursday. The stock has a market cap of $1.13 billion, a PE ratio of 11.73 and a beta of 1.01. The stock’s fifty day simple moving average is $8.95 and its 200 day simple moving average is $9.99. Upwork Inc. has a 1-year low of $7.44 and a 1-year high of $22.84.

Upwork (NASDAQ:UPWK) last announced 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 net margin of 12.94% and a return on equity of 16.70%. The business had revenue of $191.66 million for the quarter. During the same quarter last year, the company posted $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.

Upwork 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.