Upland Software Inc (NASDAQ:UPLD) major shareholder Systems Corp Wave sold 1,460,862 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $22.00, for a total transaction of $32,138,964.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Monday, December 18th, Systems Corp Wave sold 360,000 shares of Upland Software stock. The stock was sold at an average price of $22.00, for a total transaction of $7,920,000.00.

Upland Software Inc (UPLD) traded down $0.21 during trading hours on Monday, reaching $22.00. 445,600 shares of the company were exchanged, compared to its average volume of 127,664. Upland Software Inc has a 52 week low of $8.19 and a 52 week 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 quarterly earnings data on Thursday, November 9th. The software maker reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Upland Software had a negative net margin of 18.89% and a negative return on equity of 13.22%. The business had revenue of $26.07 million during the quarter, compared to analyst estimates of $25.33 million. During the same period in the prior year, the business earned $0.11 EPS. The company’s revenue for the quarter was up 35.5% on a year-over-year basis. equities research analysts expect that Upland Software Inc will post 0.48 EPS for the current fiscal year.

UPLD has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Upland Software from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine lowered shares of Upland Software from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, Zacks Investment Research upgraded shares of Upland Software from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $26.40.

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

ILLEGAL ACTIVITY NOTICE: “Upland Software Inc (UPLD) Major Shareholder Systems Corp Wave Sells 1,460,862 Shares” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/18/upland-software-inc-upld-major-shareholder-systems-corp-wave-sells-1460862-shares.html.

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)

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