John T. Mcdonald Sells 40,000 Shares of Upland Software (UPLD) Stock

Upland Software (NASDAQ:UPLD) CEO John T. Mcdonald sold 40,000 shares of the company’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $27.72, for a total value of $1,108,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

John T. Mcdonald also recently made the following trade(s):

  • On Monday, March 19th, John T. Mcdonald sold 10,000 shares of Upland Software stock. The shares were sold at an average price of $28.24, for a total value of $282,400.00.
  • On Friday, March 9th, John T. Mcdonald sold 50,000 shares of Upland Software stock. The shares were sold at an average price of $28.04, for a total value of $1,402,000.00.

Upland Software stock opened at $28.81 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.19. The stock has a market cap of $583.80, a price-to-earnings ratio of 34.71, a PEG ratio of 1.73 and a beta of 0.33. Upland Software has a fifty-two week low of $15.81 and a fifty-two week high of $31.70.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings results on Thursday, March 8th. The software maker reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.10. The business had revenue of $27.80 million for the quarter, compared to the consensus estimate of $27.15 million. Upland Software had a negative return on equity of 3.16% and a negative net margin of 19.12%. The company’s quarterly revenue was up 43.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 EPS. research analysts forecast that Upland Software will post 0.81 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in shares of 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 worth $158,000 after buying an additional 6,367 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Upland Software in the fourth quarter worth about $221,000. Rice Hall James & Associates LLC purchased a new stake in shares of Upland Software in the fourth quarter worth about $272,000. California State Teachers Retirement System purchased a new stake in shares of Upland Software in the second quarter worth about $284,000. Finally, Bessemer Group Inc. boosted its stake in shares of Upland Software by 62.5% in the fourth quarter. Bessemer Group Inc. now owns 15,600 shares of the software maker’s stock worth $338,000 after buying an additional 6,000 shares during the last quarter. Hedge funds and other institutional investors own 50.28% of the company’s stock.

Several analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price target on shares of Upland Software in a research note on Friday, March 23rd. Canaccord Genuity boosted their price target on Upland Software from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, March 23rd. Craig Hallum boosted their price target on Upland Software from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, March 23rd. SunTrust Banks boosted their price target on Upland Software to $36.00 and gave the company a “buy” rating in a research note on Friday, March 23rd. They noted that the move was a valuation call. Finally, BidaskClub upgraded Upland Software from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $31.67.

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About Upland Software

Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.

Insider Buying and Selling by Quarter for Upland Software (NASDAQ:UPLD)

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