Upland Software Inc (NASDAQ:UPLD) major shareholder Systems Corp Wave sold 360,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $22.00, for a total transaction of $7,920,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more 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 Thursday, December 14th, Systems Corp Wave sold 1,460,862 shares of Upland Software stock. The stock was sold at an average price of $22.00, for a total transaction of $32,138,964.00.
Shares of Upland Software Inc (UPLD) traded up $0.41 during trading on Thursday, hitting $22.74. 145,344 shares of the stock were exchanged, compared to its average volume of 159,880. Upland Software Inc has a 12 month low of $9.99 and a 12 month high of $25.56. The stock has a market cap of $472.44, a PE ratio of -23.69, a price-to-earnings-growth 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 (NASDAQ:UPLD) last announced its quarterly earnings data on Thursday, November 9th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Upland Software had a negative net margin of 18.89% and a negative return on equity of 13.22%. The company had revenue of $26.07 million during the quarter, compared to analysts’ expectations of $25.33 million. During the same quarter in the prior year, the company earned $0.11 EPS. The firm’s revenue was up 35.5% on a year-over-year basis. analysts predict that Upland Software Inc will post 0.48 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the company. Pembroke Management LTD boosted its stake 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 valued at $13,185,000 after purchasing an additional 24,000 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Upland Software during the 2nd quarter valued at $489,000. Vanguard Group Inc. raised 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 during the last quarter. White Pine Capital LLC raised its holdings in Upland Software by 24.6% during the 2nd quarter. White Pine Capital LLC now owns 28,025 shares of the software maker’s stock valued at $616,000 after buying an additional 5,525 shares during the last quarter. Finally, Lyon Street Capital LLC bought a new stake in Upland Software during the 2nd quarter valued at $7,321,000. 30.10% of the stock is owned by institutional investors.
A number of equities analysts have commented on the stock. BidaskClub raised shares of Upland Software from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research raised shares of Upland Software from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, ValuEngine cut shares of Upland Software from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Upland Software has a consensus rating of “Buy” and a consensus target price 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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