Upland Software, Inc. (NASDAQ:UPLD) CFO Michael Douglass Hill sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $22.01, for a total transaction of $440,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Michael Douglass Hill also recently made the following trade(s):
- On Friday, September 15th, Michael Douglass Hill sold 20,000 shares of Upland Software stock. The shares were sold at an average price of $21.43, for a total transaction of $428,600.00.
Shares of Upland Software, Inc. (NASDAQ:UPLD) opened at 21.94 on Thursday. Upland Software, Inc. has a 52 week low of $7.48 and a 52 week high of $25.56. The stock has a 50 day moving average of $21.88 and a 200-day moving average of $21.47. The firm’s market capitalization is $451.94 million.
Upland Software (NASDAQ:UPLD) last released its earnings results on Thursday, August 10th. The software maker reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.50). Upland Software had a negative net margin of 19.10% and a negative return on equity of 23.25%. The firm had revenue of $23.30 million during the quarter, compared to the consensus estimate of $21.84 million. During the same period in the prior year, the business posted ($0.22) earnings per share. Upland Software’s quarterly revenue was up 25.3% compared to the same quarter last year. Equities analysts anticipate that Upland Software, Inc. will post $0.94 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. White Pine Capital LLC grew its stake in shares of Upland Software by 24.6% in the second quarter. White Pine Capital LLC now owns 28,025 shares of the software maker’s stock valued at $616,000 after buying an additional 5,525 shares in the last quarter. Bank of America Corp DE bought a new position in Upland Software during the first quarter worth $362,000. Formula Growth Ltd. bought a new position in Upland Software during the second quarter worth $1,693,000. Driehaus Capital Management LLC bought a new position in Upland Software during the first quarter worth $1,227,000. Finally, Pembroke Management LTD boosted its position in Upland Software by 180.0% during the second quarter. Pembroke Management LTD now owns 599,100 shares of the software maker’s stock worth $13,174,000 after purchasing an additional 385,102 shares during the period. 26.92% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently commented on UPLD. Zacks Investment Research downgraded shares of Upland Software from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. TheStreet raised shares of Upland Software from a “d” rating to a “c-” rating in a research report on Tuesday, July 18th. BidaskClub downgraded shares of Upland Software from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. 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 research report on Friday, July 14th. Finally, Roth Capital downgraded shares of Upland Software from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Upland Software presently has an average rating of “Buy” and an average price target of $27.40.
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.
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