Upland Software Inc (NASDAQ:UPLD) major shareholder Systems Corp Wave sold 1,460,862 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $22.00, for a total transaction of $32,138,964.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Systems Corp Wave also recently made the following trade(s):
- On Monday, December 18th, Systems Corp Wave sold 360,000 shares of Upland Software stock. The stock was sold at an average price of $22.00, for a total transaction of $7,920,000.00.
Shares of Upland Software Inc (NASDAQ:UPLD) traded up $0.29 on Friday, hitting $23.03. 97,375 shares of the stock traded hands, compared to its average volume of 152,922. The company has a market capitalization of $472.44, a price-to-earnings ratio of -23.99, a PEG ratio of 1.39 and a beta of 0.54. Upland Software Inc has a 52 week low of $10.00 and a 52 week high of $25.56. 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 (NASDAQ:UPLD) last issued its quarterly earnings data on Thursday, November 9th. The software maker reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The company had revenue of $26.07 million for the quarter, compared to analyst estimates of $25.33 million. Upland Software had a negative net margin of 18.89% and a negative return on equity of 13.22%. The company’s revenue was up 35.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. sell-side analysts expect that Upland Software Inc will post 0.48 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of UPLD. Bank of America Corp DE bought a new position in shares of Upland Software in the first quarter valued at about $362,000. Goldman Sachs Group Inc. acquired a new position in shares of Upland Software in the first quarter valued at about $441,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Upland Software in the second quarter valued at about $258,000. Bank of New York Mellon Corp acquired a new position in shares of Upland Software in the second quarter valued at about $489,000. Finally, White Pine Capital LLC grew its stake in shares of Upland Software by 24.6% in the second quarter. White Pine Capital LLC now owns 28,025 shares of the software maker’s stock valued at $616,000 after acquiring an additional 5,525 shares in the last quarter. 30.10% of the stock is currently owned by institutional investors.
Several analysts have issued reports on UPLD shares. Zacks Investment Research lowered shares of Upland Software from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 20th. BidaskClub lowered shares of Upland Software from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Finally, ValuEngine lowered shares of 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 issued a hold rating and six have given a buy rating to the company’s stock. Upland Software currently has an average rating of “Buy” and an average price target of $26.40.
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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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