Insider Selling: Upland Software Inc (UPLD) CEO Sells $1,490,400.00 in Stock
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.
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.
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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