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Upwork (NASDAQ:UPWK) Chief Accounting Officer Marie Olivier sold 1,879 shares of common stock on June 18, 2025, at a price of $13.5049, totaling approximately $25,375. The stock, currently trading at $13.07, has seen a 21% decline over the past six months, with InvestingPro analysis indicating the shares are currently trading below their Fair Value.
The sales were executed at prices ranging from $13.24 to $13.73 per share. These sales covered tax withholding obligations related to the vesting of restricted stock units. Despite recent insider transactions, Upwork maintains strong fundamentals with impressive gross profit margins of 78% and a healthy current ratio of 3.4x.
On the same day, Olivier also exercised options to acquire 2,635 shares, 1,413 shares and 1,169 shares of Upwork common stock at $0.00, through the conversion of restricted stock units. For comprehensive insider trading analysis and 11 additional key insights about Upwork, visit InvestingPro.
In other recent news, Upwork Inc. reported a record revenue of $192.7 million for the first quarter of 2025, marking a 1% increase from the previous year. The company’s earnings per share and revenue exceeded market expectations, prompting an increase in the company’s EBITDA guidance for 2026 by $10 million. Additionally, Upwork’s gross margin reached a new high at 78.3%, and the adjusted EBITDA was reported at $56 million, translating to a 29% margin. Analysts from JMP Securities reiterated a Market Outperform rating with a price target of $18, highlighting Upwork’s strong financial performance and strategic positioning in the market.
Meanwhile, Citi analysts adjusted their outlook on Upwork, reducing the price target from $19 to $18 while maintaining a Neutral stance, citing macroeconomic factors that could impact the company’s performance. Despite a slight decline in Gross Services Volume year-over-year, Upwork’s revenue and EBITDA exceeded expectations, with a notable 25% year-over-year increase in AI-related GSV. The company has also announced the appointment of Dana L. Evan and Glenn Kelman to its Board of Directors to support its strategic focus on AI talent and enterprise expansion.
Upwork’s integration of AI technology, particularly the Ooma (NYSE:OOMA) AI platform, has been credited with enhancing platform efficiency and boosting user engagement. The company has set its full-year 2025 revenue guidance between $740 million and $760 million, with expectations for revenue growth reacceleration in 2026. These developments reflect Upwork’s ongoing efforts to navigate a challenging economic landscape while focusing on strategic innovations and growth opportunities.
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