Upwork CFO Gessert sells $125k in shares

Upwork Inc. (NASDAQ:UPWK), a company currently trading at attractive valuations with a P/E ratio of 7.44 and boasting impressive gross profit margins of 77.8%, saw its Chief Financial Officer Erica Gessert sell 9,267 shares of common stock on June 18, 2025, at a price of $13.5054, totaling $125,154. According to InvestingPro analysis, the stock appears undervalued compared to its Fair Value, with 12 more exclusive insights available to subscribers.

The sales were executed at prices ranging from $13.24 to $13.73 per share, with the stock currently trading near the lower end of its 52-week range of $8.43 to $18.14. The sale was mandated by Upwork’s election under its equity incentive plans to cover tax withholding obligations related to the vesting of Restricted Stock Units (RSUs). It does not represent a discretionary trade by Gessert. The company maintains strong financial health, as evidenced by its "GREAT" rating from InvestingPro’s comprehensive analysis.

On the same day, Gessert also acquired 8,433 and 9,699 shares of Upwork common stock upon the vesting of Restricted Stock Units. For detailed insights into Upwork’s valuation and future prospects, including exclusive financial metrics and expert analysis, 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% year-over-year increase and surpassing market expectations. The company’s earnings per share and revenue exceeded forecasts, leading to a significant after-hours stock price increase. JMP Securities analysts maintained a Market Outperform rating with an $18 price target, highlighting Upwork’s impressive 29% EBITDA margins and projecting future growth to 35%. Meanwhile, Citi analysts adjusted their outlook, reducing the price target from $19 to $18 while maintaining a Neutral rating, citing macroeconomic factors as potential risks. Upwork’s Gross Services Volume (GSV) was reported at $988 million, a slight decline year-over-year but still above consensus. The company continues to focus on AI and enterprise strategies, with the launch of the Ooma (NYSE:OOMA) AI platform boosting user engagement. Additionally, Upwork announced the appointment of two new board members, Dana L. Evan and Glenn Kelman, to support its strategic focus on AI talent and enterprise offerings.

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