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Marie Olivier, Chief Accounting Officer at Upwork Inc. (NASDAQ:UPWK), a $2.18 billion market cap company with impressive 78% gross profit margins, recently executed a series of stock transactions. On May 15, 2025, Olivier sold 3,105 shares of Upwork’s common stock at a weighted average price of $17.141, totaling approximately $53,222. These shares were sold as part of a pre-established trading plan under Rule 10b5-1. According to InvestingPro analysis, Upwork maintains strong financial health with a "GREAT" overall rating.
Following this, on May 19, 2025, Olivier sold an additional 972 shares at prices ranging from $16.7758 to $16.8086 per share, bringing in about $16,320. These transactions were conducted to cover tax obligations related to the vesting of restricted stock units (RSUs).
After these transactions, Olivier’s direct ownership stands at 2,949 shares.
In other recent news, Upwork Inc. reported its first-quarter results for 2025, showcasing a record revenue of $192.7 million, marking a 1% increase year-over-year. The company’s earnings per share and revenue surpassed market expectations, leading to a significant rise in after-hours trading. Upwork’s adjusted EBITDA reached $56 million, representing a 29% margin, which was notably 16% higher than anticipated. The firm’s gross margin also achieved a new high of 78.3%. Analysts from JMP Securities maintained a Market Outperform rating with a price target of $18, reflecting confidence in Upwork’s strategic direction and financial health.
Meanwhile, Citi analysts revised their outlook on Upwork, reducing the price target from $19 to $18 while maintaining a Neutral stance. This comes despite Upwork’s earnings exceeding expectations and an increase in its 2025 EBITDA forecast. The company’s Gross Services Volume (GSV) was reported at $988 million, slightly down 2% year-over-year but 1.5% above consensus. Upwork’s strategic focus on AI and enterprise strategies appears to be yielding positive results, as evidenced by a 25% year-over-year increase in AI-related GSV and improvements in search and recommendations.
Upwork’s guidance for the full year 2025 projects revenue between $740 million and $760 million, with adjusted EBITDA expected to range from $190 million to $200 million. The company’s integration of AI technology, including the launch of the Ooma (NYSE:OOMA) AI platform, has significantly enhanced user engagement and platform efficiency. Despite macroeconomic pressures, Upwork remains resilient, with analysts projecting continued growth in EBITDA margins and a positive trajectory in the coming years.
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