Michael Douglass Hill Sells 20,000 Shares of Upland Software, Inc. (UPLD) Stock

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.

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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.

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

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