Upland Software, Inc. (UPLD) CFO Sells $440,200.00 in Stock
Upland Software, Inc. (NASDAQ:UPLD) CFO Michael Douglass Hill sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $22.01, for a total transaction of $440,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Michael Douglass Hill also recently made the following trade(s):
- On Friday, September 15th, Michael Douglass Hill sold 20,000 shares of Upland Software stock. The stock was sold at an average price of $21.43, for a total transaction of $428,600.00.
Upland Software (NASDAQ:UPLD) last posted its earnings results on Thursday, August 10th. The software maker reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $23.30 million during the quarter, compared to analysts’ expectations of $21.84 million. During the same quarter in the prior year, the company earned ($0.22) earnings per share. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of UPLD. Renaissance Technologies LLC lifted its stake in Upland Software by 57.7% in the 1st quarter. Renaissance Technologies LLC now owns 178,200 shares of the software maker’s stock worth $2,832,000 after purchasing an additional 65,200 shares in the last quarter. Bank of America Corp DE purchased a new stake in Upland Software in the 1st quarter worth approximately $362,000. Driehaus Capital Management LLC purchased a new stake in Upland Software in the 1st quarter worth approximately $1,227,000. Goldman Sachs Group Inc. purchased a new stake in Upland Software in the 1st quarter worth approximately $441,000. Finally, Bank of Montreal Can lifted its stake in Upland Software by 5.5% in the 2nd quarter. Bank of Montreal Can now owns 185,500 shares of the software maker’s stock worth $4,079,000 after purchasing an additional 9,699 shares in the last quarter. Institutional investors and hedge funds own 26.92% of the company’s stock.
Several brokerages have recently commented on UPLD. Zacks Investment Research cut shares of Upland Software from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. TheStreet raised shares of Upland Software from a “d” rating to a “c-” rating in a report on Tuesday, July 18th. BidaskClub cut shares of Upland Software from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $29.00 target price (up from $25.00) on shares of Upland Software in a report on Friday, July 14th. Finally, Roth Capital cut shares of Upland Software from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a report on Friday, July 14th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.40.
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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