Upland Software Inc (NASDAQ:UPLD) CEO John T. Mcdonald sold 67,500 shares of the business’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 sale, the chief executive officer now owns 1,758,288 shares of the company’s stock, valued at approximately $39,086,742.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Upland Software Inc (UPLD) opened at $23.55 on Friday. Upland Software Inc has a 52-week low of $10.31 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 released its quarterly earnings results on Thursday, November 9th. The software maker reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Upland Software had a negative return on equity of 13.22% and a negative net margin of 18.89%. The company had revenue of $26.07 million during the quarter, compared to analysts’ expectations of $25.33 million. During the same quarter in the prior year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was up 35.5% compared to the same quarter last year. equities research analysts anticipate that Upland Software Inc will post 0.48 EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Pembroke Management LTD boosted its stake in Upland Software by 4.0% during the third quarter. Pembroke Management LTD now owns 623,100 shares of the software maker’s stock valued at $13,185,000 after buying an additional 24,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in Upland Software by 55.3% during the second quarter. Vanguard Group Inc. now owns 403,955 shares of the software maker’s stock valued at $8,883,000 after buying an additional 143,808 shares in the last quarter. Lyon Street Capital LLC boosted its stake in Upland Software by 16.8% during the third quarter. Lyon Street Capital LLC now owns 388,911 shares of the software maker’s stock valued at $8,229,000 after buying an additional 55,965 shares in the last quarter. Precept Management LLC boosted its stake in Upland Software by 41.3% during the second quarter. Precept Management LLC now owns 278,700 shares of the software maker’s stock valued at $6,129,000 after buying an additional 81,425 shares in the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Upland Software in the 2nd quarter valued at $5,584,000. 30.10% of the stock is owned by institutional investors.
Several research firms have recently commented on UPLD. BidaskClub upgraded Upland Software from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Zacks Investment Research raised Upland Software from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, ValuEngine lowered 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 assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $26.40.
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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