70,446 Shares in Upwork Inc. $UPWK Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in shares of Upwork Inc. (NASDAQ:UPWK) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 70,446 shares of the company’s stock, valued at approximately $772,000. Y Intercept Hong Kong Ltd owned approximately 0.06% of Upwork as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Leonteq Securities AG boosted its holdings in shares of Upwork by 176.5% during the 1st quarter. Leonteq Securities AG now owns 24,915 shares of the company’s stock valued at $273,000 after purchasing an additional 15,905 shares during the last quarter. Ground Swell Capital LLC purchased a new stake in shares of Upwork in the first quarter worth about $116,000. Maridea Wealth Management LLC lifted its position in shares of Upwork by 11.0% in the first quarter. Maridea Wealth Management LLC now owns 11,621 shares of the company’s stock worth $127,000 after buying an additional 1,152 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in Upwork during the first quarter valued at approximately $635,000. Finally, Balboa Wealth Partners bought a new position in Upwork during the first quarter valued at approximately $183,000. 77.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Roth Capital cut Upwork from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a report on Friday, May 8th. UBS Group cut shares of Upwork from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $10.00 in a research report on Friday, May 8th. Needham & Company LLC decreased their price target on shares of Upwork from $25.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Wall Street Zen lowered shares of Upwork from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Royal Bank Of Canada dropped their price objective on shares of Upwork from $20.00 to $9.00 and set a “sector perform” rating for the company in a research note on Monday, May 11th. Three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.50.

Insider Transactions at Upwork

In other Upwork news, CEO Hayden Brown sold 23,468 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $8.15, for a total value of $191,264.20. Following the completion of the sale, the chief executive officer directly owned 797,495 shares of the company’s stock, valued at $6,499,584.25. The trade was a 2.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Erica Gessert sold 9,169 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $8.15, for a total transaction of $74,727.35. Following the completion of the transaction, the chief financial officer owned 341,609 shares in the company, valued at $2,784,113.35. This represents a 2.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 33,913 shares of company stock valued at $276,391 in the last quarter. 4.90% of the stock is currently owned by company insiders.

Upwork Stock Performance

Shares of UPWK opened at $8.82 on Monday. The firm has a market capitalization of $1.09 billion, a P/E ratio of 10.89 and a beta of 0.99. Upwork Inc. has a 12-month low of $7.44 and a 12-month high of $22.84. The firm has a fifty day moving average price of $8.71 and a 200-day moving average price of $12.83.

About Upwork

Upwork Inc operates a leading online talent marketplace that connects businesses with independent professionals worldwide. Through its digital platform, the company enables clients across industries—including technology, marketing, creative services and customer support—to source, hire and manage freelance talent on demand. Key features of the Upwork platform include streamlined job posting, proposal evaluation, time-tracking tools, invoicing and secure payment processing, all designed to simplify collaboration between clients and remote workers.

The company traces its roots to the merger of two pioneering freelance marketplaces, Elance (founded in 1998) and oDesk (founded in 2003), which combined in 2015 to form a unified entity.