<div id="readability-page-1"><p>Upwork Inc. (NASDAQ:UPWK - Get Free Report) CFO Erica Gessert sold 20,353 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $9.65, for a total transaction of $196,406.45. Following the completion of the sale, the chief financial officer now owns 107,313 shares of the company's stock, valued at $1,035,570.45. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at the SEC website.</p><ul><li>Upwork Stock’s Outlook: Numbers Solid Despite Gen-AI Challenges</li></ul><p>Erica Gessert also recently made the following trade(s): </p><ul><li>On Tuesday, June 18th, Erica Gessert sold 4,537 shares of Upwork stock. The stock was sold at an average price of $10.22, for a total transaction of $46,368.14. </li></ul><h2>Upwork Stock Down 3.0 %</h2><p>Shares of UPWK traded down $0.29 during trading hours on Tuesday, reaching $9.39. 2,960,748 shares of the stock traded hands, compared to its average volume of 2,149,771. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 26.83 and a beta of 1.57. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.99. Upwork Inc. has a 52 week low of $8.43 and a 52 week high of $16.36. The stock has a fifty day simple moving average of $10.75 and a 200 day simple moving average of $11.72. </p><br/><ul><li>Upwork Capitalizes on the Growing AI Gig Economy </li></ul><p>Upwork (NASDAQ:UPWK - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. The business had revenue of $193.13 million for the quarter, compared to analyst estimates of $193.05 million. Upwork had a net margin of 10.00% and a return on equity of 20.75%. The company's revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. On average, equities analysts forecast that Upwork Inc. will post 0.52 EPS for the current year. </p><h2>Hedge Funds Weigh In On Upwork</h2><p>Several hedge funds have recently bought and sold shares of UPWK. Goldman Sachs Group Inc. grew its stake in Upwork by 239.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,252,227 shares of the company's stock valued at $33,491,000 after acquiring an additional 1,589,693 shares in the last quarter. Divisadero Street Capital Management LP grew its stake in Upwork by 32.9% during the second quarter. Divisadero Street Capital Management LP now owns 3,320,912 shares of the company's stock valued at $35,700,000 after acquiring an additional 822,518 shares in the last quarter. Norges Bank purchased a new position in Upwork during the fourth quarter valued at approximately $11,486,000. Vanguard Group Inc. grew its stake in Upwork by 5.1% during the first quarter. Vanguard Group Inc. now owns 15,996,306 shares of the company's stock valued at $196,115,000 after acquiring an additional 770,088 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in Upwork by 71.0% during the second quarter. Acadian Asset Management LLC now owns 1,635,602 shares of the company's stock valued at $17,572,000 after acquiring an additional 679,028 shares in the last quarter. Hedge funds and other institutional investors own 77.71% of the company's stock. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>3 reasons Upwork is about to rally 30%</li></ul><p>UPWK has been the subject of a number of research reports. Needham &amp; Company LLC restated a &#34;buy&#34; rating and issued a $20.00 price target on shares of Upwork in a report on Wednesday, May 15th. Canaccord Genuity Group reduced their price target on shares of Upwork from $19.00 to $15.00 and set a &#34;buy&#34; rating for the company in a report on Thursday, August 8th. UBS Group reduced their price target on shares of Upwork from $12.00 to $11.00 and set a &#34;neutral&#34; rating for the company in a report on Thursday, August 8th. Roth Mkm dropped their price objective on shares of Upwork from $19.00 to $13.00 and set a &#34;buy&#34; rating on the stock in a research note on Friday. Finally, Royal Bank of Canada dropped their price objective on shares of Upwork from $15.00 to $11.00 and set a &#34;sector perform&#34; rating on the stock in a research note on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $15.70.</p><p><b>Get Our Latest Analysis on UPWK</b></p><h2>Upwork Company Profile</h2> (Get Free Report)<p>Upwork Inc, together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company's work marketplace provides access to talent with various skills across a range of categories, including administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development.</p><h2>Read More</h2><ul><li>Five stocks we like better than Upwork</li><li>How Investors Can Find the Best Cheap Dividend Stocks</li><li>Columbia Sportswear: A Turnaround Story That’s Gaining Ground </li><li>3 Warren Buffett Stocks to Buy Now</li><li>Lowe’s Stock: Hold Now, Buy it When it Dips</li><li>How to Calculate Stock Profit </li><li>ZIM Shipping Stock Soars as the Industry Shows a Bottoming Trend</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VVBXSw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VVBXSw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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UPWK

<p>Erica Gessert, CFO of Upwork Inc. (NASDAQ:UPWK), sold 20,353 shares at an average price of $0.65 for a total of $13,406.45 on August 19th. Post-sale, she holds 107,313 shares valued at approximately $1,035,570.45. The transaction was disclosed in a SEC filing. Additionally, Upwork's stock suffered a decrease of 3.0%, trading down to $0.39, amidst recent updates on quarterly earnings showing a 14.5% revenue increase year-over-year. Institutional investors continue to significantly own 77.71% of Upwork's shares.</p>

Erica Gessert Sells 20,353 Shares of Upwork Inc. (NASDAQ:UPWK) Stock