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Cloud Stocks: Upwork Improves Monetization
Article By: Sramana Mitra
Monday, April 20, 2020 2:30 PM EDT
Mountain View-based Upwork (UPWK​), the largest online marketplace that enables businesses to find and work with highly-skilled freelancers, has been making several changes to revive its growth rate and improve monetization.
In this article: UPWK Also: C, TROW
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Upwork Focuses On Enterprise
Article By: Sramana Mitra
Thursday, December 19, 2019 10:13 AM EDT
Upwork has been focusing its efforts on the enterprise segment. For the third quarter, enterprise sales were on track to deliver 20% of incremental revenue in the year.
In this article: UPWK
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Unicorn IPO Disaster
Article By: Tim Knight
Thursday, November 7, 2019 1:12 PM EDT
UpWork is down 50% since its peak eight months ago.
In this article: UPWK
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We Should Be Cheering The Volume Of IPOs We Have Now
Article By: ValueWalk
Sunday, June 23, 2019 11:48 PM EDT
Whitney Tilson’s email to investors discussed a more nuanced view of IPOs; comments on DOMO, TEAM, ESTC, PD, UPWK, FVRR, and SVMK; 103-year-old Julia “Hurricane” Hawkins wins the 100-meter dash… and dispenses worldly wisdom.
In this article: TEAM, DOMO, SVMK, UPWK, ESTC, PD, FVRR Also: CRM
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How Upwork Can Leverage The Virtual Company Trend
Article By: Sramana Mitra
Friday, May 10, 2019 11:50 AM EDT
A time will come in the not too distant a future when tens of thousands of fast growth technology startups that operate as virtual companies will dominate the planet. Upwork should try to become the platform of choice for this segment.
In this article: UPWK
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Upwork: Substantial Upside Opportunity In Workforce Mobility
Alpha Insights 3/21/2019 7:00:15 PM

When $UPWK debuted back in October of last year, the shares were oversubscribed by a factor of 20x. A colleague of mine noted that "nearly every investor that met with the company on the roadshow put in an order". They are a first mover and the market opportunity is estimated to be around $560 BILLION.

One potential catalyst for the share price which has fallen off the radar since the December swoon, is their partnership with $MSFT. On Dec 7, #Microsoft announced a partnership with UPWK to launch the Microsoft 365 freelance Toolkit. "The toolkit is an integrated workforce collaboration solution that helps enterprises work with freelancers at scale and is powered by Microsoft 365 and Upwork Enterprise". This move was very much inspired by Microsoft's own initiative to embrace a flexible talent model. Microsoft launched an internal pilot program to give employees access to flexible, freelance talent. Within the past year, Microsoft completed over 2100 projects on Upwork. These projects included writing, research, video editing, translation, design and data science. This level of integration is reminiscent of the early partnership between Microsoft and LinkedIn before Microsoft acquired them.

The market opportunity for #Upwork is huge, expanding and mostly untapped. So where are the analysts? This has a great deal to do with how the investment banking model works and a little known sell-side strategy called "momentum ignition". This involves a (possibly coordinated) series of "beat and raise" actions by sell-side analysts intended to trigger a mark-up phase in the stock price following a period of accumulation for their institutional client's books. To accumulate shares, the stock needs to have unrestricted float. Their post-IPO restriction period has not ended yet. Contrary to popular belief, stocks don't necessarily go down when the IPO restriction ends.

UPWK becomes an extremely juicy takeover candidate for a company like MSFT as the latter is positioning itself to dominate the B.I. and workforce productivity markets.

The rate at which companies are shifting towards a flexible workforce is accelerating and we are in the early stages of a systemic shift that will see flexible workforce models becoming the norm.

Upwork: Substantial Upside Opportunity In Workforce Mobility
Danny Straus 3/20/2019 12:11:43 AM

I like #UpWork's model. I've actually been considering using them myself for my own startup business. They clearly have good marketing. Nice to learn more about them from an investment standpoint. $UPWK

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