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Upwork UPWK

US equityMarket cap rank #3208Internet Content & Information

$8.40 +$0.04 (+0.48%)

Market closed · Oct 8, 5:20 am ET · Last extended-hours $8.40 0.00%

Open$8.36

Prev close$8.36

Day range$8.26 – $8.51

Volume2.25M

Market cap$1.05B

P/E (TTM)10.8

Dividend yield–

Ownership & positioning

Who holds it, who is betting against it, and where the big money is moving

Institutional ownership103.0%+7.79 pts vs. prior quarter

Institutions holding361-2 vs. prior quarter

Insider trades (recent)27 buys / 22 sellsNet buying

Short interest14.31% of floatDays to cover 6.1 · as of 15 Sep 2026

Short-sale volume share22.2%5-day average of daily volume

Short-sale volume as % of daily volume

Large-order net flow, last 20 sessions

Net of large-order buying minus selling, in USD. Over this window: +$4.92M (8 inflow days, 12 outflow days).

Net flow by order size, last 20 sessions

Super/Big orders approximate institutional-size trades; Mid/Small approximate retail-size trades. Net buy minus sell value in each bucket, summed over the window.

The five largest holders on file together own 37.6% of shares outstanding.

Largest holders

BlackRock15.43%
Vanguard Portfolio Management, LLC6.33%
Ancient Art, L.P.5.79%
LSV Asset Management5.11%
Vanguard Capital Management, LLC4.93%
State Street Global Advisors4.16%
Capital Research3.89%
Dimensional Fund Advisors3.80%

By investor type

Mutual Fund78.20%
Hedge Fund16.03%
Public Company5.33%
Individual/Insider5.10%
Government Pension Fund1.54%
Private Company1.05%
Insurance Company0.38%
Sovereign Wealth Fund0.19%

Reported short interest has fallen from 20.26% to 14.31% of float over the last 6 biweekly reports (30 Jun 2026 to 15 Sep 2026).

Recent institutional activity

Holder	Type	Period	Share change	New stake
Rice Hall James & Associates, LLC	Mutual Fund	2026/Q3	+1,468,638	2.2%
Citadel Advisors LLC	Hedge Fund	2026/Q3	+1,424,134	1.3%
Ancient Art, L.P.	Hedge Fund	2026/Q3	+1,268,621	5.8%
Arrowstreet Capital, Limited Partnership	Mutual Fund	2026/Q3	+1,250,959	1.2%
Goldman Sachs Asset Management, L.P.	Mutual Fund	2026/Q3	+1,144,605	1.1%
Royce & Associates, LP	Mutual Fund	2026/Q3	+1,076,689	0.9%
Dimensional Fund Advisors	Mutual Fund	2026/Q3	+1,027,868	3.8%
Morgan Stanley	Public Company	2026/Q3	+1,011,866	1.5%
OP Varainhoito Oy	Mutual Fund	2026/Q3	+980,461	0.8%
AQR Capital Management	Hedge Fund	2026/Q3	+915,456	0.9%
Acadian Asset Management LLC	Mutual Fund	2026/Q3	+888,937	0.8%
Millennium Management LLC	Hedge Fund	2026/Q3	+818,027	1.5%
Two Sigma Investments, LP	Hedge Fund	2026/Q3	+733,168	1.2%
UBS Asset Management	Mutual Fund	2026/Q3	+628,767	2.0%
The Goldman Sachs Group, Inc.	Public Company	2026/Q3	+574,819	2.3%

Institutional buy/sell activity by reporting period, largest moves first.

Insider transactions

Date	Insider	Title	Transaction	Shares	Price	Held after
17 Sep 2026	Hayden Brown	Chief Executive Officer	Derivative Exercise and Sale	-23,893	$8.45	793,593
17 Sep 2026	Hayden Brown	Chief Executive Officer	Derivative Exercise and Retained	+22,517	–	793,593
17 Sep 2026	Erica Gessert	Chief Financial Officer	Derivative Exercise and Sale	-9,336	$8.45	373,586
17 Sep 2026	Erica Gessert	Chief Financial Officer	Derivative Exercise and Retained	+8,797	–	373,586
17 Sep 2026	Anthony Kappus	Chief Operating Officer	Derivative Exercise and Sale	-45,732	$8.45	76,342
17 Sep 2026	Anthony Kappus	Chief Operating Officer	Derivative Exercise and Retained	+69,128	–	76,342
17 Sep 2026	Sabrina Mekhalfa	Chief Accounting Officer & Principal Accounting Officer	Derivative Exercise and Sale	-1,299	$8.45	6,675
17 Sep 2026	Sabrina Mekhalfa	Chief Accounting Officer & Principal Accounting Officer	Derivative Exercise and Retained	+2,279	–	6,675
17 Aug 2026	Hayden Brown	Chief Executive Officer	Automatic Disposition	-26,419	$8.43	771,076
17 Aug 2026	Hayden Brown	Chief Executive Officer	Derivative Exercise and Sale	-46,822	$8.43	771,076
17 Aug 2026	Erica Gessert	Chief Financial Officer	Derivative Exercise and Sale	-22,844	$8.43	364,789
17 Aug 2026	Erica Gessert	Chief Financial Officer	Derivative Exercise and Retained	+23,180	–	364,789
17 Aug 2026	Anthony Kappus	Chief Operating Officer	Derivative Exercise and Sale	-1,964	$8.43	7,214
17 Aug 2026	Anthony Kappus	Chief Operating Officer	Derivative Exercise and Retained	+3,151	–	7,214
17 Jul 2026	Anthony Kappus	Chief Operating Officer	Derivative Exercise and Sale	-558	$9.06	4,063
17 Jul 2026	Anthony Kappus	Chief Operating Officer	Derivative Exercise and Retained	+854	–	4,063
17 Jun 2026	Hayden Brown	Chief Executive Officer	Derivative Exercise and Sale	-23,468	$8.15	797,495
17 Jun 2026	Hayden Brown	Chief Executive Officer	Derivative Exercise and Retained	+22,943	–	797,495
17 Jun 2026	Erica Gessert	Chief Financial Officer	Derivative Exercise and Sale	-9,169	$8.15	341,609
17 Jun 2026	Erica Gessert	Chief Financial Officer	Derivative Exercise and Retained	+8,963	–	341,609

From Form 4/Form 144 filings. Negative share counts are disposals (sales, gifts, or shares withheld for taxes); positive are acquisitions.

Short interest, by report

Report date	Shares short	% of float	Days to cover
15 Sep 2026	17,876,634	14.3%	6.1
31 Aug 2026	19,350,191	15.5%	8.3
14 Aug 2026	19,183,052	15.4%	3.6
31 Jul 2026	22,888,926	18.5%	6.8
15 Jul 2026	25,619,592	20.7%	9.2
30 Jun 2026	25,025,506	20.3%	6.9

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