Insider Selling: Upland Software, Inc. (NASDAQ:UPLD) CFO Sells 7,111 Shares of Stock

Upland Software, Inc. (NASDAQ:UPLD) CFO Michael Douglass Hill sold 7,111 shares of the business’s stock in a transaction dated Friday, September 17th. The stock was sold at an average price of $36.62, for a total value of $260,404.82. Following the sale, the chief financial officer now owns 224,157 shares in the company, valued at approximately $8,208,629.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Michael Douglass Hill also recently made the following trade(s):

  • On Monday, September 20th, Michael Douglass Hill sold 87 shares of Upland Software stock. The shares were sold at an average price of $35.87, for a total value of $3,120.69.

Shares of NASDAQ:UPLD opened at $35.41 on Tuesday. Upland Software, Inc. has a twelve month low of $34.18 and a twelve month high of $53.00. The firm has a market cap of $1.08 billion, a PE ratio of -18.35, a price-to-earnings-growth ratio of 9.55 and a beta of 0.95. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.54. The business has a fifty day moving average of $37.32 and a 200-day moving average of $41.95.

Upland Software (NASDAQ:UPLD) last issued its earnings results on Wednesday, August 4th. The software maker reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). Upland Software had a positive return on equity of 5.32% and a negative net margin of 18.74%. The company had revenue of $76.26 million for the quarter, compared to the consensus estimate of $75.24 million. During the same quarter last year, the business posted $0.60 EPS. Upland Software’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts anticipate that Upland Software, Inc. will post 0.38 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on UPLD shares. Canaccord Genuity dropped their target price on Upland Software from $57.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, August 5th. Zacks Investment Research cut Upland Software from a “hold” rating to a “sell” rating in a research note on Tuesday, July 27th. Finally, Raymond James lowered their price target on Upland Software from $55.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday, August 5th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $56.25.

Several institutional investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC grew its position in shares of Upland Software by 13.2% in the 1st quarter. Lord Abbett & CO. LLC now owns 167,659 shares of the software maker’s stock valued at $7,912,000 after buying an additional 19,606 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Upland Software by 9.5% in the first quarter. Ameriprise Financial Inc. now owns 149,672 shares of the software maker’s stock worth $7,063,000 after acquiring an additional 13,038 shares during the period. Renaissance Technologies LLC boosted its stake in Upland Software by 122.4% during the first quarter. Renaissance Technologies LLC now owns 97,217 shares of the software maker’s stock valued at $4,588,000 after buying an additional 53,500 shares during the period. P2 Capital Partners LLC boosted its stake in Upland Software by 77.8% during the first quarter. P2 Capital Partners LLC now owns 1,063,081 shares of the software maker’s stock valued at $50,167,000 after buying an additional 465,081 shares during the period. Finally, Barclays PLC raised its position in Upland Software by 6.6% during the first quarter. Barclays PLC now owns 24,596 shares of the software maker’s stock valued at $1,161,000 after purchasing an additional 1,528 shares in the last quarter. 78.33% of the stock is owned by institutional investors.

About Upland Software

Upland Software, Inc engages in the provision of cloud-based enterprise work management software, which enables organizations to plan, manage and execute projects and work. It offers customer experience management, cloud, enterprise Sales and marketing cloud, project and IT management cloud, and document workflow cloud.

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

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