1492 Capital Management LLC acquired a new stake in shares of Upland Software Inc (NASDAQ:UPLD) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,841 shares of the software maker’s stock, valued at approximately $552,000. 1492 Capital Management LLC owned approximately 0.06% of Upland Software at the end of the most recent quarter.

Several other large investors have also bought and sold shares of UPLD. Cortina Asset Management LLC acquired a new position in shares of Upland Software in the second quarter worth about $5,921,000. Falcon Point Capital LLC boosted its holdings in shares of Upland Software by 1.3% in the second quarter. Falcon Point Capital LLC now owns 21,536 shares of the software maker’s stock worth $981,000 after buying an additional 268 shares during the period. Creative Planning boosted its holdings in shares of Upland Software by 10.0% in the second quarter. Creative Planning now owns 12,100 shares of the software maker’s stock worth $551,000 after buying an additional 1,100 shares during the period. Ashburton Jersey Ltd acquired a new position in shares of Upland Software in the second quarter worth about $57,000. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Upland Software by 53.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,650 shares of the software maker’s stock worth $439,000 after buying an additional 3,350 shares during the period. Institutional investors own 77.52% of the company’s stock.

UPLD has been the subject of several recent analyst reports. BidaskClub cut shares of Upland Software from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Zacks Investment Research upgraded shares of Upland Software from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Saturday, October 5th. Raymond James raised their target price on shares of Upland Software from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. ValuEngine cut shares of Upland Software from a “sell” rating to a “strong sell” rating in a report on Friday, October 25th. Finally, Jefferies Financial Group decreased their target price on shares of Upland Software from $61.00 to $49.00 and set a “buy” rating for the company in a report on Friday. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating and nine have given a buy rating to the company’s stock. Upland Software presently has an average rating of “Buy” and an average target price of $50.67.

In related news, Director David May sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $42.81, for a total transaction of $856,200.00. Following the transaction, the director now owns 65,773 shares of the company’s stock, valued at $2,815,742.13. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen E. Courter sold 1,450 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $34.42, for a total value of $49,909.00. Following the transaction, the director now owns 11,651 shares of the company’s stock, valued at $401,027.42. The disclosure for this sale can be found here. 11.60% of the stock is owned by corporate insiders.

NASDAQ UPLD opened at $35.01 on Monday. The company has a 50 day simple moving average of $37.65 and a 200-day simple moving average of $42.80. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $962.47 million, a price-to-earnings ratio of 29.67, a price-to-earnings-growth ratio of 0.87 and a beta of 0.61. Upland Software Inc has a 52-week low of $25.12 and a 52-week high of $54.87.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings results on Thursday, November 7th. The software maker reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.20. The business had revenue of $55.10 million during the quarter, compared to analyst estimates of $55.33 million. Upland Software had a negative net margin of 8.03% and a positive return on equity of 25.43%. The firm’s revenue was up 48.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. On average, analysts predict that Upland Software Inc will post 1.47 EPS for the current year.

Upland Software Profile

Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.

Further Reading: Support Level

Institutional Ownership by Quarter for Upland Software (NASDAQ:UPLD)

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