Upland Software Inc (NASDAQ:UPLD) major shareholder Systems Corp Wave sold 360,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $22.00, for a total value of $7,920,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares 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) opened at $22.52 on Thursday. 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 Inc has a 12-month low of $8.19 and a 12-month high of $25.56.
Several institutional investors and hedge funds have recently bought and sold shares of UPLD. The Manufacturers Life Insurance Company boosted its position in shares of Upland Software by 784.1% in the second quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock valued at $158,000 after acquiring an additional 6,367 shares during the period. New York State Common Retirement Fund bought a new stake in shares of Upland Software in the second quarter valued at approximately $172,000. Sterling Capital Management LLC bought a new stake in shares of Upland Software in the second quarter valued at approximately $201,000. Bessemer Group Inc. bought a new stake in shares of Upland Software in the third quarter valued at approximately $203,000. Finally, Menta Capital LLC bought a new stake in shares of Upland Software in the second quarter valued at approximately $249,000. 30.10% of the stock is owned by institutional investors.
UPLD has been the subject of a number of recent analyst reports. Zacks Investment Research cut Upland Software from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 20th. ValuEngine cut Upland Software from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, BidaskClub raised Upland Software from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $26.40.
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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