Upland Software Inc (NASDAQ:UPLD) CEO John T. Mcdonald sold 67,500 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $22.08, for a total transaction of $1,490,400.00. Following the transaction, the chief executive officer now directly owns 1,861,064 shares of the company’s stock, valued at $41,092,293.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Upland Software Inc (NASDAQ:UPLD) opened at $22.00 on Friday. Upland Software Inc has a 1-year low of $8.19 and a 1-year 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 announced its quarterly earnings results on Thursday, November 9th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Upland Software had a negative net margin of 18.89% and a negative return on equity of 13.22%. The firm had revenue of $26.07 million during the quarter, compared to the consensus estimate of $25.33 million. During the same period last year, the firm posted $0.11 EPS. The firm’s quarterly revenue was up 35.5% on a year-over-year basis. equities analysts forecast that Upland Software Inc will post 0.48 earnings per share for the current fiscal year.

UPLD has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Upland Software from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 20th. ValuEngine downgraded shares of Upland Software from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, BidaskClub downgraded shares of Upland Software from a “hold” rating to a “sell” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $26.40.

A number of hedge funds have recently made changes to their positions in the stock. Lyon Street Capital LLC acquired a new stake in Upland Software in the 2nd quarter valued at about $7,321,000. UBS Asset Management Americas Inc. acquired a new stake in Upland Software in the 2nd quarter valued at about $5,584,000. Wasatch Advisors Inc. acquired a new stake in Upland Software in the 2nd quarter valued at about $3,331,000. Vanguard Group Inc. increased its position in Upland Software by 55.3% in the 2nd quarter. Vanguard Group Inc. now owns 403,955 shares of the software maker’s stock valued at $8,883,000 after acquiring an additional 143,808 shares in the last quarter. Finally, State Street Corp acquired a new stake in Upland Software in the 2nd quarter valued at about $1,896,000. 30.10% 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.

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

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