Stock market today: Stocks fall as investors rotate out of tech into Jackson Hole
Marie Olivier, Chief Accounting Officer of Upwork , INC (NASDAQ:UPWK), a $1.85 billion market cap company with impressive gross margins of 78%, sold a total of 2,235 shares of common stock in two separate transactions, resulting in proceeds of approximately $31,136. InvestingPro analysis shows the company maintains a "GREAT" financial health score of 3.44.
On August 14, 2025, Olivier sold 1,294 shares at a price of $14.00 per share, for a total of $18,116. Then, on August 18, she sold 941 shares at a weighted average price of $13.8367, for a total of $13,020. The prices for this second sale ranged from $13.74 to $13.987. These transactions occurred with the stock trading at an attractive P/E ratio of 7.6x, while analysts maintain price targets ranging from $15 to $24.
Additionally, on August 18, Olivier exercised options to acquire 2,627 shares of Upwork common stock through the vesting of 2,627 Restricted Stock Units. For deeper insights into insider trading patterns and comprehensive analysis of Upwork’s valuation metrics, visit InvestingPro, which features detailed Pro Research Reports covering 1,400+ top stocks.
In other recent news, Upwork Inc. reported impressive second-quarter 2025 earnings, surpassing expectations with an earnings per share of $0.35, compared to the forecasted $0.27. The company’s revenue reached a record $194.9 million, exceeding the anticipated $187.56 million. This strong performance was attributed to Upwork’s AI features, which enhanced client activity and spending per active client, despite macroeconomic challenges. In related developments, Goldman Sachs adjusted its price target for Upwork to $24, down from $25, while maintaining a Buy rating, highlighting the company’s robust earnings report. Additionally, Upwork announced a significant leadership change with the appointment of Anthony Kappus as the first chief operating officer. Kappus, previously at Redfin (NASDAQ:RDFN), will manage several key departments, including legal and customer support. These developments reflect Upwork’s strategic efforts to strengthen its leadership and leverage AI capabilities to drive growth.
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