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Upwork Inc (NASDAQ:UPWK) President and CEO Hayden Brown sold a total of 24,846 shares of common stock on November 18, 2025, for approximately $415,007. The sales occurred in two separate transactions, with prices ranging from $16.1385 to $17.2405 per share.
On the same day, Brown also exercised options to acquire a total of 50,382 shares of Upwork common stock, related to the vesting of restricted stock units.
In other recent news, Upwork Inc. has been the subject of several analyst updates following its Investor Day. BTIG maintained a Neutral rating on Upwork, highlighting the company’s ambitious growth targets, which include annualized growth of 7-9% for Gross Services Value, 13-15% for revenue, and approximately 20% for Adjusted EBITDA through 2028. This suggests potential 2028 revenue between $1.13 billion and $1.20 billion. Goldman Sachs raised its price target for Upwork to $28, maintaining a Buy rating, citing the company’s strategy to capture a $1.3 trillion market through AI, SMB, and Enterprise solutions. Canaccord Genuity also increased its price target to $24, emphasizing Upwork’s AI-native marketplace initiatives as a driver for incremental Gross Services Value gains. Citizens reiterated a Market Outperform rating with a $27 price target, noting growth catalysts like AI-platform improvements and enterprise expansion. RBC Capital maintained a Sector Perform rating with a $21 price target, focusing on Upwork’s position in the fractionalized work market. These developments underscore Upwork’s strategic focus on artificial intelligence and enterprise solutions as growth drivers.
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