NVIDIA launches Jetson Thor robotics computers for physical AI systems
Dave Bottoms, the GM of Marketplace at Upwork Inc. (NASDAQ:UPWK), a $2.1 billion market cap company with impressive gross margins of 78%, recently sold a portion of his holdings in the company. According to a recent SEC filing, Bottoms sold 1,620 shares of common stock on May 20, 2025, with the transaction totaling $26,583. The shares were sold at a weighted average price of $16.4095, with individual transaction prices ranging from $16.30 to $16.52 per share. This sale was conducted under a Rule 10b5-1 trading plan, which Bottoms had initially adopted in June 2023 and modified in May 2024. Following this transaction, Bottoms no longer holds any shares of Upwork directly. InvestingPro analysis shows Upwork trading at an attractive P/E ratio of 9.2x, with the stock currently appearing undervalued according to InvestingPro’s Fair Value model. The platform reveals 11 additional key insights about UPWK, available with an InvestingPro subscription, including detailed analysis of the company’s strong financial health rating.
In other recent news, Upwork Inc. reported its first-quarter results for 2025, showcasing a record revenue of $192.7 million, which marked a 1% year-over-year increase. The company’s earnings per share and revenue exceeded market expectations, resulting in an adjusted EBITDA of $56 million with a 29% margin, surpassing forecasts by 16%. This strong financial performance led to an increase in the company’s EBITDA guidance for 2026 by $10 million. The company has set its full-year 2025 revenue guidance between $740 million and $760 million, with adjusted EBITDA expected to range from $190 million to $200 million.
Analysts have had mixed responses to Upwork’s performance. JMP Securities maintained a Market Outperform rating with an $18 price target, highlighting the company’s impressive 29% EBITDA margins and projecting 35% margins in the coming years. Conversely, Citi analysts adjusted their outlook by reducing the price target from $19 to $18, while maintaining a Neutral stance, citing ongoing macroeconomic factors that could affect the company’s performance. Upwork’s Gross Services Volume (GSV) was reported at $988 million, with a slight decline of 2% year-over-year but still 1.5% higher than consensus estimates.
The company continues to focus on AI and enterprise strategies, which appear to be contributing positively to its financial results. Upwork has launched the Ooma (NYSE:OOMA) AI platform, boosting user engagement and enhancing the platform’s efficiency. Despite some challenges at the beginning of the sales funnel, Upwork insists these are not related to tariffs or recent events, and they reported no change in demand this April. The firm remains confident in its strategic initiatives and market position amid a challenging economic landscape.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.