Upland Software Inc (UPLD) CEO Sells $641,563.06 in Stock

Upland Software Inc (NASDAQ:UPLD) CEO John T. Mcdonald sold 28,654 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $22.39, for a total transaction of $641,563.06. Following the completion of the transaction, the chief executive officer now owns 1,861,064 shares in the company, valued at $41,669,222.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Upland Software Inc (UPLD) traded up $0.07 during trading hours on Wednesday, reaching $21.86. 159,369 shares of the company’s stock traded hands, compared to its average volume of 120,268. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.94. Upland Software Inc has a 12 month low of $8.19 and a 12 month high of $25.56.

Upland Software (NASDAQ:UPLD) last posted its earnings results on Thursday, November 9th. The software maker reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $26.07 million for the quarter, compared to analyst estimates of $25.33 million. Upland Software had a negative net margin of 18.89% and a negative return on equity of 13.22%. Upland Software’s revenue was up 35.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 EPS. equities analysts expect that Upland Software Inc will post 0.48 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Pembroke Management LTD lifted its holdings in shares of Upland Software by 4.0% in the 3rd quarter. Pembroke Management LTD now owns 623,100 shares of the software maker’s stock worth $13,185,000 after acquiring an additional 24,000 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Upland Software by 55.3% in the 2nd quarter. Vanguard Group Inc. now owns 403,955 shares of the software maker’s stock worth $8,883,000 after acquiring an additional 143,808 shares during the last quarter. Lyon Street Capital LLC lifted its holdings in shares of Upland Software by 16.8% in the 3rd quarter. Lyon Street Capital LLC now owns 388,911 shares of the software maker’s stock worth $8,229,000 after acquiring an additional 55,965 shares during the last quarter. Precept Management LLC lifted its holdings in shares of Upland Software by 41.3% in the 2nd quarter. Precept Management LLC now owns 278,700 shares of the software maker’s stock worth $6,129,000 after acquiring an additional 81,425 shares during the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Upland Software in the 2nd quarter worth approximately $5,584,000. Hedge funds and other institutional investors own 30.10% of the company’s stock.

Several research firms have weighed in on UPLD. BidaskClub upgraded shares of Upland Software from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Zacks Investment Research upgraded shares of Upland Software from a “strong sell” rating to a “hold” rating in a report on Thursday, October 12th. Finally, ValuEngine lowered shares of Upland Software from a “hold” rating to a “sell” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $26.40.

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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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