UPWK — Upwork Inc

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

About Upwork Inc

Upwork Inc., together with its subsidiaries, provides platforms and workforce solutions that connect businesses with freelance, agency, fractional, and payrolled talent in the United States, the Philippines, India, Pakistan, and internationally. The company offers Upwork Marketplace, a human and AI-powered work marketplace that connects businesses with on-demand access to independent talent across a range of categories, including AI-related proje… Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$8.64
Market Cap$1.07B
Float114.6M
Shares Outstanding123.5M
P/E (Forward)5.71
P/E (TTM)10.69
Price/Sales (TTM)1.35
vs. Analyst Target+49.8% to analyst PT
Profit Margin13.81%
Operating Margin (TTM)16.74%
Revenue (TTM)$791M
Earnings Growth (YoY)-12.00%
Dividend RateNone
Analyst Target Price$12.94 (11 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $374M -$22.9M $269M -$7.9M
2021 $503M -$56.2M $367M -$40.1M
2022 $618M -$89.9M $458M -$81.5M
2023 $689M $46.9M $519M $1.5M
2024 $769M $216M $595M $82.9M
2025 $788M $115M $613M $163M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $195M $32.7M
Sep 2025 $202M $29.3M
Dec 2025 $198M $15.6M
Mar 2026 $195M $31.5M

Ownership & Float

Insider Ownership5.0%
Institutional Ownership112.2%
Short Float22.6%
% of All Funds Holding3.32%
Number of Funds Holding273

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$9.93Near-term / short-term trend
Weekly40-Week SMA$15.54Medium-term trend
Weekly80-Week SMA$15.15Cyclical trend (business cycle)
Weekly200-Week SMA$13.38Secular trend (multi-year)
Monthly10-Month SMA$15.29Near-term monthly trend
Monthly20-Month SMA$14.93Medium-term monthly trend
Monthly40-Month SMA$13.21Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$10.40 resistance 1.39x 0 months ago
$12.90 resistance 1.03x 1 months ago
$20.00 resistance 1.60x 2 months ago

Historical Earnings Reactions (31 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 1.06% -1.33% 45.16% 30.39% -27.90%
1 Day 0.06% -1.84% 45.16% 44.23% -19.05%
1 Week -0.23% -7.64% 38.71% 53.03% -26.93%
2 Weeks -1.09% -10.39% 38.71% 72.16% -30.92%
1 Month -2.87% -14.26% 33.33% 76.56% -35.02%

Next earnings: July 26, 2026 (59 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan0.8%50.0%8
Feb-1.1%37.5%8
Mar-14.1%0.0%8
Apr0.2%50.0%8
May1.0%42.9%7
Jun9.0%85.7%7
Jul-0.2%57.1%7
Aug2.8%42.9%7
Sep-1.2%57.1%7
Oct4.3%57.1%7
Nov13.2%50.0%8
Dec-3.3%37.5%8

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.19% 46.1% 360
Tuesday 0.27% 50.0% 396
Wednesday 0.11% 51.8% 392
Thursday -0.09% 44.4% 385
Friday 0.05% 47.7% 386

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 112.2%

Insider Transactions — Smart Summary

Total insider ownership: 5.0%

12-Month Insider Activity Summary

Total Filings35
Net Value-$18.3M
Net Shares Change-212,643
% of Float-0.2%
C-Suite Filings33
Clusters Detected8

Key Insiders

NameTitleNet ValueFilingsActivity
Brown Hayden President and CEO -$8.5M 3 2 sell
Gessert Erica Chief Financial Officer -$554,885.713 2 N/A
Bottoms Dave GM, Marketplace -$338,894.683 2 1 sell
Steele Gary -$218,848.75 1 1 sell
Mekhalfa Sabrina Chief Accounting Officer -$18,246.532 1 N/A
Kappus Anthony Ray GM and Chief Operating Officer -$16,503.777 1 N/A

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2025-06-09 – 2025-06-23 5 5 -$776,722.952 4 C-suite
2025-08-12 – 2025-08-21 6 4 -$1.6M 6 C-suite
2025-09-19 – 2025-09-22 3 3 -$2.1M 3 C-suite
2025-11-19 – 2025-11-28 6 4 -$8.9M 5 C-suite
2025-12-22 – 2025-12-22 3 3 -$1.1M 3 C-suite
2026-02-19 – 2026-02-19 3 3 -$2.5M 3 C-suite
2026-03-20 – 2026-03-20 4 4 -$647,778.542 4 C-suite
2026-05-20 – 2026-05-20 3 3 -$832,303.338 3 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-05-20 Kappus Anthony Ray GM and Chief Operating Officer -$16,503.777 Transaction at $8.66, now -0.3%
2025-11-28 Brown Hayden President and CEO -$6.8M Transaction at $19.51, now -55.7%
2025-11-25 Brown Hayden President and CEO -$1.1M Transaction at $18.20, now -52.5%
2026-03-20 Mekhalfa Sabrina Chief Accounting Officer -$18,246.532 Transaction at $12.31, now -29.8%
2026-03-20 Bottoms Dave GM, Marketplace -$222,957.583 Transaction at $12.00, now -28.0%
2025-11-25 Steele Gary -$218,848.75 Transaction at $17.51, now -50.7%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Upwork Inc (UPWK) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for UPWK on Trend Edge →