Upland Software Inc (NASDAQ:UPLD) CEO John T. Mcdonald sold 67,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $22.23, for a total value of $1,500,525.00. Following the completion of the sale, the chief executive officer now owns 1,758,288 shares of the company’s stock, valued at $39,086,742.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Upland Software Inc (NASDAQ UPLD) opened at $22.74 on Friday. Upland Software Inc has a 52-week low of $9.99 and a 52-week high of $25.56. The company has a market capitalization of $472.44, a price-to-earnings ratio of -23.69, a PEG ratio of 1.39 and a beta of 0.54. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.28 and a current ratio of 1.28.
Upland Software (NASDAQ:UPLD) last announced its quarterly earnings data on Thursday, November 9th. The software maker reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Upland Software had a negative return on equity of 13.22% and a negative net margin of 18.89%. The company had revenue of $26.07 million during the quarter, compared to the consensus estimate of $25.33 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The company’s quarterly revenue was up 35.5% compared to the same quarter last year. sell-side analysts forecast that Upland Software Inc will post 0.48 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in the company. Pembroke Management LTD lifted its position in shares of Upland Software by 4.0% during the 3rd quarter. Pembroke Management LTD now owns 623,100 shares of the software maker’s stock valued at $13,185,000 after acquiring an additional 24,000 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of 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 acquiring an additional 143,808 shares during the last quarter. Lyon Street Capital LLC lifted its position in shares of 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 acquiring an additional 55,965 shares during the last quarter. Precept Management LLC lifted its position in shares of 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 acquiring an additional 81,425 shares during the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new stake in shares of Upland Software during the 2nd quarter valued at $5,584,000. Institutional investors own 30.10% of the company’s stock.
A number of equities research analysts have weighed in on UPLD shares. Zacks Investment Research downgraded Upland Software from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 20th. BidaskClub upgraded Upland Software from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Finally, ValuEngine downgraded Upland Software from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average 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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