Upland Software, Inc. (NASDAQ:UPLD) Director David May sold 25,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $21.43, for a total transaction of $535,750.00. Following the transaction, the director now directly owns 138,500 shares in the company, valued at $2,968,055. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of Upland Software, Inc. (NASDAQ:UPLD) opened at 20.68 on Thursday. Upland Software, Inc. has a 52-week low of $7.48 and a 52-week high of $25.56. The stock’s market capitalization is $425.99 million. The stock has a 50 day moving average of $22.99 and a 200-day moving average of $20.63.

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 return on equity of 23.25% and a negative net margin of 19.10%. The business had revenue of $23.30 million for the quarter, compared to the consensus estimate of $21.84 million. During the same quarter last year, the business posted ($0.22) earnings per share. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. Analysts predict that Upland Software, Inc. will post $0.94 EPS for the current fiscal year.

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UPLD has been the topic of a number of research analyst reports. BidaskClub raised shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. SunTrust Banks, Inc. initiated coverage on shares of Upland Software in a research report on Monday, June 26th. They set a “buy” rating and a $27.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and set a $29.00 price objective (up from $25.00) on shares of Upland Software in a research report on Friday, July 14th. Canaccord Genuity boosted their price objective 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 raised shares of Upland Software from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Upland Software has a consensus rating of “Buy” and an average target price of $27.40.

Several institutional investors have recently made changes to their positions in the company. White Pine Capital LLC increased its stake in shares of Upland Software by 24.6% during 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 during the period. The Manufacturers Life Insurance Company increased its stake in shares of Upland Software by 784.1% during the second quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock valued at $158,000 after buying an additional 6,367 shares during the period. New York State Common Retirement Fund purchased a new position in shares of Upland Software during the second quarter valued at $172,000. EAM Investors LLC increased its stake in shares of Upland Software by 17.7% during the second quarter. EAM Investors LLC now owns 51,998 shares of the software maker’s stock valued at $1,143,000 after buying an additional 7,825 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Upland Software by 32.8% during the second quarter. Goldman Sachs Group Inc. now owns 36,834 shares of the software maker’s stock valued at $810,000 after buying an additional 9,089 shares during the period. Hedge funds and other institutional investors own 26.92% of the company’s stock.

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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