Upwork operates a work marketplace that connects businesses with independent talent from across the globe. Co. has marketplace offerings and a managed services offering. Co.'s marketplace offerings include: Client Marketplace, which includes access to independent talent with work history on its work marketplace and client feedback; Upwork Enterprise, which is primarily designed for larger clients; and Upwork Payroll, which is available to clients when they choose to work with talent they engage through it as employees. Through its managed services offering, Co. engages talent directly or as employees of third-party staffing providers to perform services for clients on its behalf. We show 22 historical shares outstanding datapoints in our UPWK shares outstanding history coverage, used to compute UPWK market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing UPWK market cap history over the course of time is important for investors
interested in comparing UPWK's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of UPWK versus a peer is one thing; comparing
UPWK market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like UPWK can fluctuate over the course of history.
With this page we aim to empower investors researching UPWK by allowing them to research the UPWK market cap history. |
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Video: The Importance of Market Cap
