Upland Software, Inc. (UPLD) CEO John T. Mcdonald Sells 35,196 Shares
Upland Software, Inc. (NASDAQ:UPLD) CEO John T. Mcdonald sold 35,196 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $21.44, for a total value of $754,602.24. Following the completion of the transaction, the chief executive officer now owns 1,922,022 shares in the company, valued at $41,208,151.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Upland Software, Inc. (NASDAQ UPLD) traded up $1.29 during midday trading on Thursday, reaching $22.99. The company had a trading volume of 744,400 shares, compared to its average volume of 113,054. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.94. Upland Software, Inc. has a 12 month low of $8.19 and a 12 month high of $25.56.
Upland Software (NASDAQ:UPLD) last posted its quarterly earnings results on Thursday, November 9th. The software maker reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $26.07 million for the quarter, compared to analysts’ expectations of $25.33 million. Upland Software had a negative return on equity of 13.22% and a negative net margin of 18.89%. The business’s quarterly revenue was up 35.5% on a year-over-year basis. During the same period last year, the firm earned $0.11 earnings per share. equities research analysts anticipate that Upland Software, Inc. will post 0.48 EPS for the current year.
A number of large investors have recently bought and sold shares of the business. White Pine Capital LLC raised its holdings in 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 acquiring an additional 5,525 shares during the period. The Manufacturers Life Insurance Company raised its holdings in 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 acquiring an additional 6,367 shares during the period. Bank of New York Mellon Corp raised its holdings in Upland Software by 30.4% during the third quarter. Bank of New York Mellon Corp now owns 28,983 shares of the software maker’s stock valued at $613,000 after acquiring an additional 6,763 shares during the period. New York State Common Retirement Fund bought a new stake in Upland Software during the second quarter valued at about $172,000. Finally, EAM Investors LLC increased its holdings in shares of Upland Software by 17.7% in the second quarter. EAM Investors LLC now owns 51,998 shares of the software maker’s stock worth $1,143,000 after purchasing an additional 7,825 shares during the last quarter. 27.62% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Upland Software from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Friday, November 17th. Canaccord Genuity raised their price target on Upland Software from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, August 14th. Finally, BidaskClub downgraded Upland Software from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Upland Software has a consensus rating of “Buy” and an average price target of $26.40.
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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