Upland Software Inc (UPLD) Major Shareholder Sells $7,920,000.00 in Stock

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.

Upland Software (NASDAQ:UPLD) last announced its earnings results on Thursday, November 9th. The software maker reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Upland Software had a negative return on equity of 13.22% and a negative net margin of 18.89%. The firm had revenue of $26.07 million during the quarter, compared to analysts’ expectations of $25.33 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The company’s revenue was up 35.5% on a year-over-year basis. equities analysts predict that Upland Software Inc will post 0.48 earnings per share for the current fiscal year.

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.

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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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