Systems Corp Wave Sells 360,000 Shares of Upland Software Inc (UPLD) Stock

Upland Software Inc (NASDAQ:UPLD) major shareholder Systems Corp Wave sold 360,000 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $22.00, for a total value of $7,920,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% 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, December 14th, Systems Corp Wave sold 1,460,862 shares of Upland Software stock. The stock was sold at an average price of $22.00, for a total value of $32,138,964.00.

Shares of Upland Software Inc (NASDAQ UPLD) traded down $0.21 on Monday, hitting $22.00. The company’s stock had a trading volume of 445,600 shares, compared to its average volume of 127,664. Upland Software Inc has a twelve month low of $8.19 and a twelve month high of $25.56. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.28 and a quick ratio of 1.28.

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

A number of analysts have issued reports on the company. BidaskClub downgraded Upland Software from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research raised Upland Software from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, ValuEngine downgraded Upland Software from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $26.40.

Several institutional investors and hedge funds have recently modified their holdings of the business. Highbridge Capital Management LLC grew its holdings in shares of Upland Software by 158.2% during the 3rd quarter. Highbridge Capital Management LLC now owns 23,793 shares of the software maker’s stock worth $504,000 after purchasing an additional 14,579 shares during the period. Lyon Street Capital LLC grew its holdings in shares of Upland Software by 16.8% during the 3rd quarter. Lyon Street Capital LLC now owns 388,911 shares of the software maker’s stock worth $8,229,000 after purchasing an additional 55,965 shares during the period. Allianz Asset Management GmbH grew its holdings in shares of Upland Software by 13.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 131,235 shares of the software maker’s stock worth $2,777,000 after purchasing an additional 15,051 shares during the period. Mackenzie Financial Corp purchased a new position in shares of Upland Software during the 3rd quarter worth $580,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Upland Software by 3,082.4% during the 3rd quarter. Wells Fargo & Company MN now owns 63,648 shares of the software maker’s stock worth $1,347,000 after purchasing an additional 61,648 shares during the period. 30.10% of the stock is owned by institutional investors and hedge funds.

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Upland Software Company Profile

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.

Insider Buying and Selling by Quarter for Upland Software (NASDAQ:UPLD)

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