Upland Software Inc (NASDAQ:UPLD) CEO John T. Mcdonald sold 67,500 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $22.23, for a total transaction of $1,500,525.00. Following the sale, the chief executive officer now directly 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 SEC, which is available at the SEC website.
Upland Software Inc (UPLD) opened at $22.69 on Friday. The stock has a market cap of $470.78, a PE ratio of -23.64, a PEG ratio of 1.43 and a beta of 0.54. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.28 and a quick ratio of 1.28. Upland Software Inc has a one year low of $10.31 and a one year high of $25.56.
Upland Software (NASDAQ:UPLD) last announced its quarterly earnings results on Thursday, November 9th. The software maker reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $26.07 million for the quarter, compared to the consensus estimate of $25.33 million. Upland Software had a negative net margin of 18.89% and a negative return on equity of 13.22%. Upland Software’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. sell-side analysts expect that Upland Software Inc will post 0.48 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Upland Software from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Friday, November 17th. BidaskClub raised shares of Upland Software from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Finally, ValuEngine lowered shares of Upland Software from a “hold” rating to a “sell” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $26.40.
Large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its holdings in Upland Software by 784.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock worth $158,000 after buying an additional 6,367 shares during the period. New York State Common Retirement Fund acquired a new stake in Upland Software during the 2nd quarter worth approximately $172,000. Sterling Capital Management LLC acquired a new stake in Upland Software during the 2nd quarter worth approximately $201,000. Bessemer Group Inc. acquired a new stake in Upland Software during the 3rd quarter worth approximately $203,000. Finally, Menta Capital LLC acquired a new stake in Upland Software during the 2nd quarter worth approximately $249,000. Institutional investors and hedge funds own 30.10% of the company’s stock.
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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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