Upland Software, Inc. (UPLD) Major Shareholder Sells $792,252.00 in Stock

Upland Software, Inc. (NASDAQ:UPLD) major shareholder Systems Corp Wave sold 35,400 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $22.38, for a total value of $792,252.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Monday, July 24th, Systems Corp Wave sold 91,280 shares of Upland Software stock. The stock was 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 stock was sold at an average price of $22.68, for a total value of $12,739,628.16.

Upland Software, Inc. (NASDAQ UPLD) traded up 0.36% during mid-day trading on Monday, hitting $22.50. The stock had a trading volume of 74,471 shares. The firm’s market cap is $463.48 million. 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 $23.64 and a 200-day moving average of $20.15.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings data 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 the consensus estimate of $21.84 million. Upland Software had a negative net margin of 19.10% and a negative return on equity of 23.25%. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.22) earnings per share. Analysts predict that Upland Software, Inc. will post $0.94 EPS for the current fiscal year.

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A number of research analysts have issued reports on UPLD shares. Zacks Investment Research lowered Upland Software from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 13th. TheStreet upgraded Upland Software from a “d” rating to a “c-” rating in a research report on Tuesday, July 18th. BidaskClub upgraded Upland Software from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Canaccord Genuity boosted their price target on Upland Software from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. Finally, SunTrust Banks, Inc. started coverage on Upland Software in a research report on Monday, June 26th. They set a “buy” rating and a $27.00 price target for the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $27.40.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its stake in shares of Upland Software by 784.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock valued at $158,000 after purchasing an additional 6,367 shares during the period. New York State Common Retirement Fund acquired a new position in shares of Upland Software in the 2nd quarter valued at $172,000. Sterling Capital Management LLC acquired a new position in shares of Upland Software in the 2nd quarter valued at $201,000. TFS Capital LLC acquired a new position in shares of Upland Software in the 1st quarter valued at $222,000. Finally, Menta Capital LLC acquired a new position in shares of Upland Software in the 2nd quarter valued at $249,000. Hedge funds and other institutional investors own 26.92% of the company’s stock.

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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