Upland Software Inc (NASDAQ:UPLD) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 3,260,000 shares, a decrease of 13.5% from the December 15th total of 3,770,000 shares. Based on an average daily volume of 273,700 shares, the short-interest ratio is presently 11.9 days. Currently, 15.6% of the company’s stock are sold short.

In other news, Director Stephen E. Courter sold 1,450 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $34.42, for a total transaction of $49,909.00. Following the completion of the sale, the director now owns 11,651 shares in the company, valued at approximately $401,027.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 11.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its stake in shares of Upland Software by 57.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,420 shares of the software maker’s stock valued at $50,000 after buying an additional 516 shares during the last quarter. Rice Hall James & Associates LLC raised its stake in shares of Upland Software by 2.3% during the 3rd quarter. Rice Hall James & Associates LLC now owns 24,050 shares of the software maker’s stock valued at $838,000 after buying an additional 552 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Upland Software by 4.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 22,732 shares of the software maker’s stock valued at $792,000 after buying an additional 1,028 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Upland Software by 3.1% during the 3rd quarter. California State Teachers Retirement System now owns 35,675 shares of the software maker’s stock valued at $1,244,000 after buying an additional 1,074 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY raised its stake in shares of Upland Software by 38.4% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 7,336 shares of the software maker’s stock valued at $256,000 after buying an additional 2,037 shares during the last quarter. Institutional investors and hedge funds own 79.48% of the company’s stock.

A number of equities analysts recently issued reports on UPLD shares. ValuEngine upgraded Upland Software from a “strong sell” rating to a “sell” rating in a research note on Friday, January 3rd. Zacks Investment Research lowered Upland Software from a “hold” rating to a “sell” rating in a research note on Wednesday, December 11th. Raymond James raised their target price on Upland Software from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Credit Suisse Group started coverage on Upland Software in a research note on Wednesday, November 6th. They issued an “outperform” rating and a $48.00 target price for the company. Finally, Jefferies Financial Group reduced their target price on Upland Software from $61.00 to $49.00 and set a “buy” rating for the company in a research note on Friday, November 8th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $50.67.

Shares of NASDAQ UPLD traded down $0.73 during trading on Tuesday, reaching $41.13. 186,835 shares of the company traded hands, compared to its average volume of 239,682. The firm’s fifty day simple moving average is $37.47 and its 200 day simple moving average is $39.57. The stock has a market cap of $1.04 billion, a P/E ratio of 34.86, a PEG ratio of 0.99 and a beta of 0.53. Upland Software has a 12-month low of $27.22 and a 12-month high of $54.87. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.57.

Upland Software (NASDAQ:UPLD) last released its quarterly earnings data on Thursday, November 7th. The software maker reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 positive return on equity of 21.45% and a negative net margin of 11.31%. The company’s revenue was up 48.5% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. As a group, research analysts expect that Upland Software will post 1.43 EPS for the current year.

About Upland Software

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.

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