Upland Software Inc (NASDAQ:UPLD) major shareholder Systems Corp Wave sold 1,460,862 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $22.00, for a total transaction of $32,138,964.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Systems Corp Wave also recently made the following trade(s):
- On Monday, December 18th, Systems Corp Wave sold 360,000 shares of Upland Software stock. The stock was sold at an average price of $22.00, for a total transaction of $7,920,000.00.
Shares of Upland Software Inc (NASDAQ UPLD) traded up $0.41 during trading hours on Thursday, hitting $22.74. 145,344 shares of the company’s stock were exchanged, compared to its average volume of 159,880. The stock has a market cap of $472.44, a PE ratio of -23.69, a P/E/G ratio of 1.39 and a beta of 0.54. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.94. Upland Software Inc has a 1-year low of $9.99 and a 1-year high of $25.56.
Upland Software (NASDAQ:UPLD) last released its earnings results on Thursday, November 9th. The software maker reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The firm had revenue of $26.07 million during the quarter, compared to analyst estimates of $25.33 million. Upland Software had a negative net margin of 18.89% and a negative return on equity of 13.22%. The business’s revenue was up 35.5% on a year-over-year basis. During the same quarter last year, the business earned $0.11 EPS. equities research analysts forecast that Upland Software Inc will post 0.48 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. Pembroke Management LTD lifted its holdings in shares of Upland Software by 4.0% in the 3rd quarter. Pembroke Management LTD now owns 623,100 shares of the software maker’s stock worth $13,185,000 after acquiring an additional 24,000 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Upland Software by 55.3% during the 2nd quarter. Vanguard Group Inc. now owns 403,955 shares of the software maker’s stock valued at $8,883,000 after buying an additional 143,808 shares in the last quarter. Lyon Street Capital LLC lifted its holdings in Upland Software by 16.8% during the 3rd quarter. Lyon Street Capital LLC now owns 388,911 shares of the software maker’s stock valued at $8,229,000 after buying an additional 55,965 shares in the last quarter. Precept Management LLC lifted its holdings in Upland Software by 41.3% during the 2nd quarter. Precept Management LLC now owns 278,700 shares of the software maker’s stock valued at $6,129,000 after buying an additional 81,425 shares in the last quarter. Finally, UBS Asset Management Americas Inc. bought a new stake in Upland Software during the 2nd quarter valued at about $5,584,000. Hedge funds and other institutional investors own 30.10% of the company’s stock.
UPLD has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Upland Software from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Friday, November 17th. BidaskClub raised shares of Upland Software from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, ValuEngine cut shares of Upland Software from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $26.40.
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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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