Upland Software Inc (NASDAQ:UPLD) COO Timothy Mattox sold 58,000 shares of Upland Software stock in a transaction on Friday, March 9th. The shares were sold at an average price of $29.45, for a total value of $1,708,100.00. Following the completion of the transaction, the chief operating officer now owns 403,204 shares in the company, valued at approximately $11,874,357.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Timothy Mattox also recently made the following trade(s):
- On Monday, March 5th, Timothy Mattox sold 17,000 shares of Upland Software stock. The stock was sold at an average price of $26.09, for a total value of $443,530.00.
Upland Software Inc (UPLD) opened at $29.36 on Thursday. 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 one year low of $13.57 and a one year high of $30.44. The company has a market capitalization of $613.71, a PE ratio of -28.50, a P/E/G ratio of 1.86 and a beta of 0.52.
Upland Software (NASDAQ:UPLD) last released its quarterly earnings results on Thursday, March 8th. The software maker reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.10. Upland Software had a negative return on equity of 3.24% and a negative net margin of 19.12%. The business had revenue of $27.80 million for the quarter, compared to analysts’ expectations of $27.15 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The company’s revenue was up 43.3% compared to the same quarter last year. analysts forecast that Upland Software Inc will post 0.79 EPS for the current year.
A number of research analysts have commented on UPLD shares. BidaskClub upgraded Upland Software from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Zacks Investment Research upgraded Upland Software from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Friday, November 17th. SunTrust Banks reiterated a “buy” rating and issued a $32.00 price target on shares of Upland Software in a research note on Friday, March 9th. Needham & Company LLC boosted their price target on Upland Software from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, March 9th. Finally, ValuEngine cut 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 issued a hold rating and six have given a buy rating to the stock. Upland Software currently has a consensus rating of “Buy” and a consensus target price of $29.00.
A number of institutional investors have recently made changes to their positions in UPLD. Park West Asset Management LLC increased its holdings in Upland Software by 407.9% in the fourth quarter. Park West Asset Management LLC now owns 2,040,520 shares of the software maker’s stock valued at $44,198,000 after buying an additional 1,638,744 shares during the last quarter. Boston Advisors LLC bought a new stake in Upland Software in the fourth quarter valued at about $5,688,000. Millennium Management LLC increased its holdings in Upland Software by 98.9% in the fourth quarter. Millennium Management LLC now owns 470,868 shares of the software maker’s stock valued at $10,199,000 after buying an additional 234,191 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in Upland Software by 73.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 440,828 shares of the software maker’s stock valued at $9,548,000 after buying an additional 186,914 shares during the last quarter. Finally, Pembroke Management LTD increased its holdings in Upland Software by 23.4% in the fourth quarter. Pembroke Management LTD now owns 768,900 shares of the software maker’s stock valued at $16,654,000 after buying an additional 145,800 shares during the last quarter. 50.17% of the stock is owned by hedge funds and other institutional investors.
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About Upland Software
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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