Upland Software, Inc. (NASDAQ:UPLD) major shareholder Systems Corp Wave sold 4,805 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $22.25, for a total value of $106,911.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, September 14th, Systems Corp Wave sold 44,903 shares of Upland Software stock. The shares were sold at an average price of $22.06, for a total value of $990,560.18.
  • 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 value 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 value 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 value 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 value of $12,739,628.16.

Upland Software, Inc. (NASDAQ UPLD) traded down 5.99% during mid-day trading on Friday, reaching $20.71. The company’s stock had a trading volume of 286,033 shares. The stock’s 50-day moving average is $23.33 and its 200-day moving average is $20.32. Upland Software, Inc. has a 12 month low of $7.48 and a 12 month high of $25.56. The firm’s market capitalization is $426.61 million.

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

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A number of large investors have recently bought and sold shares of the stock. White Pine Capital LLC grew its stake in Upland Software by 24.6% in the second quarter. White Pine Capital LLC now owns 28,025 shares of the software maker’s stock worth $616,000 after purchasing an additional 5,525 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Upland Software by 784.1% in the second quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock worth $158,000 after acquiring an additional 6,367 shares during the last quarter. New York State Common Retirement Fund bought a new position in Upland Software in the second quarter worth about $172,000. EAM Investors LLC lifted its holdings in Upland Software by 17.7% in the second quarter. EAM Investors LLC now owns 51,998 shares of the software maker’s stock worth $1,143,000 after acquiring an additional 7,825 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Upland Software by 32.8% in the second quarter. Goldman Sachs Group Inc. now owns 36,834 shares of the software maker’s stock worth $810,000 after acquiring an additional 9,089 shares during the last quarter. Institutional investors and hedge funds own 26.92% of the company’s stock.

UPLD has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating and issued a $29.00 target price (up from $25.00) on shares of Upland Software in a report on Friday, July 14th. Roth Capital downgraded Upland Software from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a report on Friday, July 14th. BidaskClub raised Upland Software from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. SunTrust Banks, Inc. initiated coverage on Upland Software in a report on Monday, June 26th. They issued a “buy” rating and a $27.00 target price for the company. Finally, Zacks Investment Research downgraded Upland Software from a “hold” rating to a “sell” rating in a report on Wednesday, May 24th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average 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.

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