<div id="readability-page-1"><p>American Century Companies Inc. lifted its position in shares of  Upwork Inc. (NASDAQ:UPWK - Free Report) by 180.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor  owned 339,813 shares of the company's stock after buying an additional 218,543 shares during the quarter. American Century Companies Inc. owned approximately 0.26% of Upwork worth $4,567,000 at the end of the most recent quarter.</p><ul><li>Upwork's Stock Soars on Q3 Blowout and a New AI Blueprint</li></ul><p>Other institutional investors have also bought and sold shares of the company. Nuveen LLC bought a new stake in  Upwork during the first quarter valued at about $22,079,000.  T. Rowe Price Investment Management Inc. grew its position in shares of  Upwork by 41.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,660,511 shares of the company's stock worth $60,820,000 after purchasing an additional 1,357,476 shares in the last quarter.  LSV Asset Management raised its stake in  Upwork by 22.1% during the 2nd quarter. LSV Asset Management now owns 6,534,575 shares of the company's stock valued at $87,825,000 after purchasing an additional 1,183,169 shares during the period.  Invesco Ltd. lifted its holdings in  Upwork by 50.5% in the 1st quarter. Invesco Ltd. now owns 2,630,379 shares of the company's stock worth $34,326,000 after purchasing an additional 882,059 shares in the last quarter.  Finally, Millennium Management LLC lifted its holdings in  Upwork by 364.0% in the 1st quarter. Millennium Management LLC now owns 789,638 shares of the company's stock worth $10,305,000 after purchasing an additional 619,459 shares in the last quarter. Hedge funds and other institutional investors own  77.71% of the company's stock. </p><h2>Upwork Price Performance</h2><p>NASDAQ:UPWK opened at $20.08 on Monday. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 11.47 and a beta of 1.02. Upwork Inc. has a 1 year low of $11.13 and a 1 year high of $21.38. The business has a 50 day simple moving average of $17.56 and a 200-day simple moving average of $15.71. </p><ul><li>$100 Million Buyback in Upwork Stock Follows a Strong Quarter </li></ul><p>Upwork (NASDAQ:UPWK - Get Free Report) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.04). Upwork had a return on equity of 41.05% and a net margin of 31.63%.The company had revenue of $201.73 million during the quarter, compared to the consensus estimate of $193.33 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The firm's quarterly revenue was up 4.1% compared to the same quarter last year. Upwork has set its FY 2025 guidance at 1.350-1.370 EPS and its Q4 2025 guidance at 0.310-0.330 EPS.  As a group, analysts expect that  Upwork Inc. will post 0.84 earnings per share for the current fiscal year. </p><p>Upwork announced that its board has authorized a share repurchase program on Wednesday, September 3rd that allows the company to repurchase $100.00 million in  outstanding  shares. This repurchase authorization allows the company to buy up to 4.9% of its stock  through open market purchases. Stock  repurchase programs are typically an indication that the company's leadership believes its stock is undervalued. </p><h2>Insider Activity</h2><ul><li>Upwork's Earnings Beat Fuels Stock Rally—Is Freelancing Booming?</li></ul><p>In related news, CEO Hayden Brown sold 275,000 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $19.43, for a total value of $5,343,250.00. Following the sale, the chief executive officer directly owned 697,894 shares of the company's stock, valued at $13,560,080.42. This represents a 28.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dave Bottoms sold 10,894 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $19.16, for a total value of $208,729.04. Following the transaction, the insider directly owned 10,359 shares in the company, valued at approximately $198,478.44. This represents a 51.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 582,132 shares of company stock valued at $11,080,002. 7.60% of the stock is currently owned by company insiders. </p><h2>Analysts Set New Price Targets</h2><p>A number of equities research analysts have issued reports on the stock. Weiss Ratings  reaffirmed a &#34;hold (c+)&#34; rating on shares of Upwork in a report on Wednesday, October 8th. Jefferies Financial Group  reiterated a &#34;buy&#34; rating and issued a $22.00 price target on shares of Upwork in a report on Tuesday, November 4th. Roth Capital  reiterated a &#34;buy&#34; rating and issued a $22.00 price target (up previously from $19.00) on shares of Upwork in a research note on Wednesday, November 5th. Canaccord Genuity Group raised their price objective on Upwork from $22.00 to $24.00 and gave the company a &#34;buy&#34; rating in a research report on Wednesday, November 19th. Finally, JMP Securities lifted their target price on Upwork from $20.00 to $27.00 and gave the stock a &#34;market outperform&#34; rating in a report on Wednesday, September 24th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $22.92.</p><p><b>View Our Latest Stock Report on UPWK</b></p><h2>Upwork Company Profile</h2> (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>Best Energy Stocks - Energy Stocks to Buy Now</li><li>Rubrik’s Massive Rebound: Why the Next Leg Higher Could Be Fast</li><li>What is the Dogs of the Dow Strategy? Overview and Examples</li><li>Five Below and Dollar Tree Earnings Signal a Shopper Shift</li><li>The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number</li><li>Ulta’s Stock May Be Set for a Glow-Up—20% Upside Ahead?</li></ul><p><strong>Want to see what other hedge funds are holding UPWK?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Upwork Inc. (NASDAQ:UPWK - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.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/SECFilingChart.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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Upwork Right Now?</h2><p>Before you consider Upwork, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Upwork wasn't on the list.</p><p>While Upwork currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

UPWK

<p>American Century Companies Inc. increased its stake in Upwork Inc. by 180.2% in Q2, owning 339,813 shares worth $4.57 million. Upwork's stock performance includes a $100 million buyback program and recent insider sales. Analysts expect Upwork to post 0.84 EPS for the fiscal year. The company reported Q3 earnings of $0.21 per share, missing estimates, but revenue rose 4.1% year-over-year. Upwork's market cap is $2.62 billion, with a 1-year high of $21.38.</p>

American Century Companies Inc. Purchases 218,543 Shares of Upwork Inc. $UPWK