Man Group plc Acquires 100,157 Shares of Upland Software, Inc. (NASDAQ:UPLD)

Man Group plc raised its holdings in Upland Software, Inc. (NASDAQ:UPLD) by 33.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 398,800 shares of the software maker’s stock after buying an additional 100,157 shares during the quarter. Man Group plc owned 1.45% of Upland Software worth $1,731,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPLD. Legato Capital Management LLC bought a new stake in Upland Software in the 4th quarter valued at $44,000. Rice Hall James & Associates LLC grew its holdings in shares of Upland Software by 63.7% in the 4th quarter. Rice Hall James & Associates LLC now owns 964,624 shares of the software maker’s stock worth $4,186,000 after purchasing an additional 375,398 shares during the last quarter. WESPAC Advisors LLC bought a new stake in shares of Upland Software in the 4th quarter worth about $55,000. Essential Planning LLC. bought a new stake in shares of Upland Software in the 4th quarter worth about $56,000. Finally, Heron Bay Capital Management grew its holdings in shares of Upland Software by 22.9% in the 4th quarter. Heron Bay Capital Management now owns 96,963 shares of the software maker’s stock worth $421,000 after purchasing an additional 18,057 shares during the last quarter. Institutional investors own 77.78% of the company’s stock.

Upland Software Stock Performance

Shares of NASDAQ:UPLD opened at $2.24 on Friday. The company has a market capitalization of $63.80 million, a price-to-earnings ratio of -0.50 and a beta of 1.27. The firm’s 50 day simple moving average is $2.58 and its 200 day simple moving average is $3.44. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99. Upland Software, Inc. has a fifty-two week low of $1.79 and a fifty-two week high of $5.64.

Insider Activity at Upland Software

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $3.19, for a total transaction of $63,800.00. Following the sale, the director now directly owns 394,008 shares in the company, valued at approximately $1,256,885.52. This trade represents a 4.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 11.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

UPLD has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a report on Tuesday, May 13th. Wall Street Zen downgraded shares of Upland Software from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

About Upland Software

Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.