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Upwork Inc. (NASDAQ:UPWK) GM, Marketplace Dave Bottoms, sold 2,309 shares of common stock on November 17 and 19, 2025, for approximately $40,918. The shares were sold at prices ranging from $16.45 to $18.1293.
According to a Form 4 filing with the Securities and Exchange Commission, Bottoms also sold 2,002 shares on November 18, for approximately $33,465. These shares were sold in multiple transactions at prices ranging from $15.66 to $17.4932 per share.
On November 18, Bottoms also exercised options for 3,750 shares of Upwork common stock.
In other recent news, Upwork Inc. has been the focus of several analyst updates following its Investor Day presentation. The company announced ambitious financial targets, aiming for annualized growth of 7-9% in Gross Services Value (GSV), 13-15% in revenue, and approximately 20% in Adjusted EBITDA through 2028, with projected revenue reaching $1.13-$1.20 billion. Goldman Sachs responded by raising its price target for Upwork to $28, maintaining a Buy rating, highlighting the company’s strategy to tap into a $1.3 trillion market. Similarly, Canaccord Genuity increased its price target to $24, emphasizing Upwork’s AI-native marketplace initiatives. Citizens reiterated its Market Outperform rating with a $27 price target, citing AI improvements and enterprise expansion as key growth drivers. RBC Capital maintained its Sector Perform rating and a $21 price target, focusing on Upwork’s role in the fractionalized work market. Meanwhile, BTIG noted Upwork’s ambitious growth targets but kept a Neutral rating. These developments underscore the varied analyst perspectives on Upwork’s growth potential in the evolving freelance marketplace.
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