UPWK — Upwork Inc

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

Trend Edge Setup Score

Trend Edge rates UPWK Bearish with a Setup Score of 44, net conviction 33, actionability 60. How the Setup Score works →

Total Setup Score44
Directional BiasBearish
Net Conviction33
Actionability60 (in range)

Key signals behind this score

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$8.74
Market Cap$1.08B
Float108.0M
Shares Outstanding124.9M
P/E (Forward)6.18
P/E (TTM)11.10
Price/Sales (TTM)1.37
vs. Analyst Target+13.0% to analyst PT
Profit Margin12.94%
Operating Margin (TTM)21.81%
Revenue (TTM)$787M
Earnings Growth (YoY)-15.90%
Dividend RateNone
Analyst Target Price$9.88 (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 -$73.7M
2023 $689M $46.9M $519M $61.6M
2024 $769M $216M $595M $111M
2025 $788M $115M $613M $163M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Sep 2025 $202M $29.3M
Dec 2025 $198M $15.6M
Mar 2026 $195M $31.5M
Jun 2026 $192M $25.4M

Ownership & Float

Insider Ownership5.2%
Institutional Ownership104.9%
Short Float21.2%
% of All Funds Holding3.37%
Number of Funds Holding296

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$8.89Near-term / short-term trend
Weekly40-Week SMA$12.86Medium-term trend
Weekly80-Week SMA$13.92Cyclical trend (business cycle)
Weekly200-Week SMA$12.93Secular trend (multi-year)
Monthly10-Month SMA$12.94Near-term monthly trend
Monthly20-Month SMA$13.90Medium-term monthly trend
Monthly40-Month SMA$13.07Secular 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 1.49x 2 months ago
$12.90 resistance 1.03x 4 months ago
$20.00 resistance 1.60x 5 months ago

Historical Earnings Reactions (32 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 0.45% -1.85% 43.75% 30.39% -27.90%
1 Day -0.41% -3.21% 43.75% 44.23% -19.05%
1 Week -0.65% -7.64% 37.50% 53.03% -26.93%
2 Weeks -1.09% -10.39% 38.71% 72.16% -30.92%
1 Month -3.40% -14.30% 32.26% 76.56% -35.02%

Next earnings: October 29, 2026 (63 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
May-0.9%37.5%8
Jun7.2%75.0%8
Jul1.0%62.5%8
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 -0.14% 46.4% 373
Tuesday 0.24% 50.0% 408
Wednesday 0.09% 51.6% 405
Thursday -0.09% 44.2% 398
Friday 0.06% 48.1% 397

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 104.9%

Insider Transactions — Smart Summary

Total insider ownership: 5.2%

12-Month Insider Activity Summary

Total Filings30
Net Value-$17.1M
Net Shares Change-195,524
% of Float-0.2%
C-Suite Filings29
Clusters Detected8

Key Insiders

NameTitleNet ValueFilingsActivity
Brown Hayden President & CEO -$7.9M 2 2 sell
Bottoms Dave GM, Marketplace -$222,957.583 1 N/A
Steele Gary -$218,848.75 1 1 sell
Gessert Erica Chief Financial Officer -$192,476.691 1 N/A
Kappus Anthony Ray GM & Chief Operating Officer -$38,104.765 3 N/A
Mekhalfa Sabrina Chief Accounting Officer -$28,647.081 2 N/A

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
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
2026-06-23 – 2026-06-23 3 3 -$276,414.944 3 C-suite
2026-08-20 – 2026-08-20 3 3 -$826,204.7 3 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-08-20 Kappus Anthony Ray GM & Chief Operating Officer -$16,548.075 Transaction at $8.43, now +3.7%
2025-11-28 Brown Hayden President & CEO -$6.8M Transaction at $19.51, now -55.2%
2025-11-25 Brown Hayden President & CEO -$1.1M Transaction at $18.20, now -52.0%
2026-07-21 Kappus Anthony Ray GM & Chief Operating Officer -$5,052.913 Transaction at $9.06, now -3.5%
2026-06-23 Mekhalfa Sabrina Chief Accounting Officer -$10,400.548 Transaction at $8.15, now +7.2%
2025-11-25 Steele Gary -$218,848.75 Transaction at $17.51, now -50.1%

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 →