Trump slaps 30% tariffs on EU, Mexico
Upwork (NASDAQ:UPWK), a $1.75 billion market cap company with impressive gross margins of 78% and strong financial health, reported that Chief Accounting Officer Marie Olivier sold 2,590 shares of common stock on June 20 and June 23, 2025, according to a new SEC filing. The sales were executed at a price of $13.2421 per share, for a total transaction value of $34,297.
The price range for the shares sold was between $13.11 and $13.38. According to InvestingPro analysis, the stock appears undervalued at current levels, trading at an attractive P/E ratio of 7.7x. Following these transactions, Olivier directly owns 2,042 shares of Upwork.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 3, 2024. InvestingPro subscribers have access to 12 additional key insights about Upwork, including detailed analysis of its financial health, valuation metrics, and growth prospects.
In other recent news, Upwork Inc. reported its first-quarter results for 2025, showcasing a record revenue of $192.7 million, marking a 1% year-over-year increase. The company’s earnings exceeded market expectations, with EBITDA reaching $56 million, translating to a 29% margin. This robust performance led JMP Securities analysts to maintain their Market Outperform rating, with a price target set at $18.00, highlighting confidence in Upwork’s financial trajectory. Conversely, Citi analysts adjusted their outlook, reducing the price target from $19.00 to $18.00 while maintaining a Neutral stance due to ongoing macroeconomic factors.
In strategic moves, Upwork appointed Dana L. Evan and Glenn Kelman to its Board of Directors to enhance its AI strategy and enterprise offerings. Evan, with her financial expertise, will chair the Audit, Risk, and Compliance Committee, while Kelman brings experience in technology-powered marketplaces. These appointments align with Upwork’s focus on AI-powered work solutions and are expected to drive the company’s next phase of growth.
Despite some challenges at the beginning of the sales funnel, Upwork emphasized that external factors like tariffs had minimal impact on its performance. The company’s diverse range of services across 58 categories is seen as a strategic advantage, potentially cushioning against minor economic fluctuations. Upwork’s integration of AI technology, particularly through its Ooma (NYSE:OOMA) AI platform, is credited with enhancing platform efficiency and increasing user engagement. These advancements are expected to contribute to future revenue growth and improved liquidity across the platform.
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