Upland Software Inc (NASDAQ:UPLD) CEO John T. Mcdonald sold 67,500 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,758,288 shares in the company, valued at approximately $39,086,742.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Upland Software Inc (UPLD) traded down $0.11 during midday trading on Friday, hitting $22.95. The company had a trading volume of 112,470 shares, compared to its average volume of 135,174. 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 Inc has a 52-week low of $11.61 and a 52-week high of $25.56. The stock has a market capitalization of $479.09, a price-to-earnings ratio of -23.91, a P/E/G ratio of 1.45 and a beta of 0.57.
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 the Zacks’ consensus estimate of $0.24 by $0.01. The firm had revenue of $26.07 million during 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%. The firm’s revenue was up 35.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. equities analysts forecast that Upland Software Inc will post 0.48 EPS for the current year.
UPLD has been the topic of several research reports. Zacks Investment Research raised Upland Software from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Friday, November 17th. BidaskClub raised Upland Software from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Finally, ValuEngine lowered Upland Software from a “hold” rating to a “sell” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $26.40.
A number of large investors have recently made changes to their positions in UPLD. The Manufacturers Life Insurance Company lifted its position in Upland Software by 784.1% in the second quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock valued at $158,000 after purchasing an additional 6,367 shares during the period. New York State Common Retirement Fund acquired a new stake in Upland Software in the second quarter valued at about $172,000. Sterling Capital Management LLC acquired a new stake in Upland Software in the second quarter valued at about $201,000. Bessemer Group Inc. acquired a new stake in Upland Software in the third quarter valued at about $203,000. Finally, Menta Capital LLC acquired a new stake in Upland Software in the second quarter valued at about $249,000. Hedge funds and other institutional investors own 30.79% 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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