Upwork’s chief accounting officer sells $27,151 in stock

Marie Olivier, the Chief Accounting Officer of Upwork , Inc. (NASDAQ:UPWK), a $2.1 billion market cap company currently trading at an attractive P/E ratio of 9.2x, recently sold a portion of her holdings in the company. According to InvestingPro analysis, Upwork maintains a "GREAT" financial health score, supported by impressive gross profit margins of nearly 78%. According to a filing with the Securities and Exchange Commission, Olivier sold 1,655 shares of common stock on May 20, 2025. The shares were sold at a weighted average price of $16.4057, with transaction prices ranging from $16.30 to $16.52 per share. The total value of the transaction was $27,151. Following the sale, Olivier retains 1,294 shares of Upwork stock. The sale was conducted under a Rule 10b5-1 plan, which had been adopted on May 3, 2024. The company appears undervalued according to InvestingPro’s Fair Value model, with a strong balance sheet reflected in its healthy current ratio of 3.4x. Get deeper insights into insider trading patterns and 11 additional ProTips with an InvestingPro subscription.

In other recent news, Upwork Inc. reported its first-quarter 2025 financial results, showcasing record revenue of $192.7 million, which marked a 1% year-over-year increase and exceeded market expectations. The company also posted an adjusted EBITDA of $56 million, achieving a 29% margin, which was 16% higher than anticipated. Following these results, JMP Securities analysts maintained their Market Outperform rating with an $18 price target, while Citi analysts adjusted their outlook, lowering the price target from $19 to $18, but maintaining a Neutral stance. Upwork’s Gross Services Volume (GSV) was reported at $988 million, a slight 2% decline year-over-year, although it was 1.5% higher than consensus estimates.

The company has seen growth in AI-related GSV, with a 25% year-over-year increase, and launched the Ooma (NYSE:OOMA) AI platform, which significantly boosted user engagement. Upwork’s full-year 2025 revenue guidance is set between $740 million and $760 million, with adjusted EBITDA expected to range from $190 million to $200 million. Despite macroeconomic challenges, the company has not observed significant impacts from tariffs or external factors, and it continues to focus on AI and enterprise strategies to drive future growth. Analysts from JMP Securities highlighted Upwork’s impressive 29% EBITDA margins this quarter and project margins could reach 35% in the coming years. Meanwhile, Citi analysts expressed caution due to ongoing macroeconomic factors, maintaining a Neutral/High Risk rating for the stock.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.