Upland Software, Inc. (NASDAQ:UPLD) major shareholder Systems Corp Wave sold 44,903 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $22.06, for a total transaction of $990,560.18. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more 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 Wednesday, September 13th, Systems Corp Wave sold 4,805 shares of Upland Software stock. The shares were sold at an average price of $22.25, for a total transaction of $106,911.25.
  • On Tuesday, September 12th, Systems Corp Wave sold 20,000 shares of Upland Software stock. The shares were sold at an average price of $22.46, for a total transaction of $449,200.00.
  • On Thursday, September 7th, Systems Corp Wave sold 35,400 shares of Upland Software stock. The shares were sold at an average price of $22.38, for a total transaction of $792,252.00.
  • On Monday, July 24th, Systems Corp Wave sold 91,280 shares of Upland Software stock. The shares were sold at an average price of $24.57, for a total transaction of $2,242,749.60.
  • On Friday, June 23rd, Systems Corp Wave sold 561,712 shares of Upland Software stock. The shares were sold at an average price of $22.68, for a total transaction of $12,739,628.16.

Shares of Upland Software, Inc. (UPLD) opened at 20.71 on Monday. The stock’s market cap is $426.61 million. Upland Software, Inc. has a one year low of $7.48 and a one year high of $25.56. The firm has a 50-day moving average of $23.21 and a 200-day moving average of $20.38.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings data on Thursday, August 10th. The software maker reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $23.30 million for the quarter, compared to the consensus estimate of $21.84 million. During the same quarter in the previous year, the business earned ($0.22) EPS. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. On average, equities research analysts expect that Upland Software, Inc. will post $0.94 earnings per share for the current fiscal year.

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Several equities analysts recently issued reports on UPLD shares. BidaskClub upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. SunTrust Banks, Inc. started coverage on shares of Upland Software in a research report on Monday, June 26th. They set a “buy” rating and a $27.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and set a $29.00 price target (up previously from $25.00) on shares of Upland Software in a research report on Friday, July 14th. Canaccord Genuity boosted their price target on shares of Upland Software from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research upgraded shares of Upland Software from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Saturday, July 22nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $27.40.

A number of hedge funds and other institutional investors have recently bought and sold shares of UPLD. TFS Capital LLC purchased a new position in Upland Software during the 1st quarter valued at about $222,000. EAM Investors LLC purchased a new position in Upland Software during the 1st quarter valued at about $702,000. Renaissance Technologies LLC increased its position in Upland Software by 57.7% during the 1st quarter. Renaissance Technologies LLC now owns 178,200 shares of the software maker’s stock valued at $2,832,000 after purchasing an additional 65,200 shares during the period. Bank of America Corp DE purchased a new position in Upland Software during the 1st quarter valued at about $362,000. Finally, Driehaus Capital Management LLC purchased a new position in Upland Software during the 1st quarter valued at about $1,227,000. 26.92% of the stock is currently owned by institutional investors and hedge funds.

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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