Securities Fraud Investigation Into Upwork Inc. (UPWK) Continues – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
The Law Offices of Frank R. Cruz said it continues its investigation of Upwork Inc. (NASDAQ: UPWK) on behalf of investors concerning possible violations of federal securities laws. The investigation stems from Upwork's May 7, 2026 first-quarter report, when gross service volume was approximately flat year-over-year, active clients declined, and the company cut full-year revenue guidance while describing AI automation as a faster-moving net headwind than previously expected.
Key figures
- Guidance
- Full-year revenue guidance cut (announced with Q1 2026 results, as referenced in the release)
- Active clients
- declined
- Stock price drop pct
- 16.9%
- Closing price 2026 05 08
- 8.82
- Gross service volume yoy
- approximately flat
AI analysis
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