John T. Mcdonald Sells 28,654 Shares of Upland Software Inc (UPLD) Stock
Upland Software Inc (NASDAQ:UPLD) CEO John T. Mcdonald sold 28,654 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $22.39, for a total transaction of $641,563.06. Following the transaction, the chief executive officer now directly owns 1,861,064 shares of the company’s stock, valued at $41,669,222.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Upland Software Inc (NASDAQ UPLD) traded down $0.21 during midday trading on Friday, reaching $22.00. 445,672 shares of the company’s stock traded hands, compared to its average volume of 127,664. Upland Software Inc has a fifty-two week low of $8.19 and a fifty-two week high of $25.56. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.28 and a current ratio of 1.28.
Upland Software (NASDAQ:UPLD) last posted its 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 net margin of 18.89% and a negative return on equity of 13.22%. The business had revenue of $26.07 million for the quarter, compared to analysts’ expectations of $25.33 million. During the same period in the prior year, the company posted $0.11 EPS. The business’s revenue for the quarter was up 35.5% compared to the same quarter last year. research analysts forecast that Upland Software Inc will post 0.48 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. White Pine Capital LLC lifted its stake in Upland Software by 24.6% in the 2nd quarter. White Pine Capital LLC now owns 28,025 shares of the software maker’s stock worth $616,000 after purchasing an additional 5,525 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Upland Software by 784.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock valued at $158,000 after buying an additional 6,367 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Upland Software by 30.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 28,983 shares of the software maker’s stock valued at $613,000 after buying an additional 6,763 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Upland Software during the 2nd quarter valued at $172,000. Finally, EAM Investors LLC raised its position in shares of Upland Software by 17.7% during the 2nd quarter. EAM Investors LLC now owns 51,998 shares of the software maker’s stock valued at $1,143,000 after buying an additional 7,825 shares in the last quarter. Institutional investors and hedge funds own 30.10% of the company’s stock.
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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