Upland Software, Inc. (NASDAQ:UPLD) major shareholder Systems Corp Wave sold 44,903 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $22.06, for a total transaction of $990,560.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Systems Corp Wave also recently made the following trade(s):

  • On Wednesday, September 13th, Systems Corp Wave sold 4,805 shares of Upland Software stock. The shares were sold at an average price of $22.25, for a total transaction of $106,911.25.
  • On Tuesday, September 12th, Systems Corp Wave sold 20,000 shares of Upland Software stock. The shares were sold at an average price of $22.46, for a total transaction of $449,200.00.
  • On Thursday, September 7th, Systems Corp Wave sold 35,400 shares of Upland Software stock. The shares were sold at an average price of $22.38, for a total transaction of $792,252.00.
  • On Monday, July 24th, Systems Corp Wave sold 91,280 shares of Upland Software stock. The shares were sold at an average price of $24.57, for a total transaction of $2,242,749.60.
  • On Friday, June 23rd, Systems Corp Wave sold 561,712 shares of Upland Software stock. The shares were sold at an average price of $22.68, for a total transaction of $12,739,628.16.

Upland Software, Inc. (NASDAQ UPLD) traded down 5.99% during midday trading on Friday, hitting $20.71. 286,033 shares of the company were exchanged. Upland Software, Inc. has a 1-year low of $7.48 and a 1-year high of $25.56. The stock has a 50 day moving average of $23.33 and a 200 day moving average of $20.32. The firm’s market capitalization is $426.61 million.

Upland Software (NASDAQ:UPLD) last issued its earnings results on Thursday, August 10th. The software maker reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.50). Upland Software had a negative return on equity of 23.25% and a negative net margin of 19.10%. The firm had revenue of $23.30 million during the quarter, compared to analysts’ expectations of $21.84 million. During the same period last year, the firm posted ($0.22) earnings per share. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. On average, equities analysts predict that Upland Software, Inc. will post $0.94 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/09/15/upland-software-inc-upld-major-shareholder-sells-990560-18-in-stock.html.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its position in Upland Software by 784.1% during the second quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock valued at $158,000 after buying an additional 6,367 shares during the period. New York State Common Retirement Fund bought a new position in shares of Upland Software in the second quarter worth approximately $172,000. Sterling Capital Management LLC bought a new position in shares of Upland Software in the second quarter worth approximately $201,000. TFS Capital LLC bought a new position in shares of Upland Software in the first quarter worth approximately $222,000. Finally, Menta Capital LLC bought a new position in shares of Upland Software in the second quarter worth approximately $249,000. Institutional investors own 26.92% of the company’s stock.

A number of research firms have weighed in on UPLD. Canaccord Genuity boosted their target price on shares of Upland Software from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, August 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $29.00 target price (up previously from $25.00) on shares of Upland Software in a research note on Friday, July 14th. Zacks Investment Research cut shares of Upland Software from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 13th. SunTrust Banks, Inc. began coverage on shares of Upland Software in a research note on Monday, June 26th. They set a “buy” rating and a $27.00 target price on the stock. Finally, BidaskClub cut shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $27.40.

About Upland Software

Upland Software Inc is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations.

Receive News & Ratings for Upland Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upland Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.