Shares of Upland Software Inc (NASDAQ:UPLD) saw unusually-strong trading volume on Friday after Canaccord Genuity raised their price target on the stock from $32.00 to $35.00. Canaccord Genuity currently has a buy rating on the stock. Approximately 546,946 shares were traded during mid-day trading, an increase of 129% from the previous session’s volume of 239,184 shares.The stock last traded at $29.80 and had previously closed at $30.05.

Several other equities analysts have also recently weighed in on UPLD. ValuEngine cut shares of Upland Software from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. BidaskClub raised shares of Upland Software from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Zacks Investment Research cut shares of Upland Software from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. SunTrust Banks reissued a “buy” rating and set a $32.00 target price on shares of Upland Software in a research report on Friday, March 9th. Finally, Needham & Company LLC lifted their target price on shares of Upland Software from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, March 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $31.67.

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In other Upland Software news, CEO John T. Mcdonald sold 67,500 shares of Upland Software stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $22.23, for a total transaction of $1,500,525.00. Following the transaction, the chief executive officer now owns 1,758,288 shares of the company’s stock, valued at approximately $39,086,742.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael Douglass Hill sold 40,000 shares of Upland Software stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $29.79, for a total transaction of $1,191,600.00. Following the transaction, the chief financial officer now directly owns 239,225 shares in the company, valued at approximately $7,126,512.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 310,000 shares of company stock worth $8,048,930. Insiders own 30.20% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Lyon Street Capital LLC increased its stake in shares of Upland Software by 12.5% during the 4th quarter. Lyon Street Capital LLC now owns 437,377 shares of the software maker’s stock worth $9,474,000 after purchasing an additional 48,466 shares during the last quarter. Park West Asset Management LLC increased its stake in shares of Upland Software by 407.9% during the 4th quarter. Park West Asset Management LLC now owns 2,040,520 shares of the software maker’s stock worth $44,198,000 after purchasing an additional 1,638,744 shares during the last quarter. Millennium Management LLC increased its stake in shares of Upland Software by 98.9% during the 4th quarter. Millennium Management LLC now owns 470,868 shares of the software maker’s stock worth $10,199,000 after purchasing an additional 234,191 shares during the last quarter. Raymond James & Associates increased its stake in shares of Upland Software by 59.3% during the 4th quarter. Raymond James & Associates now owns 64,327 shares of the software maker’s stock worth $1,393,000 after purchasing an additional 23,950 shares during the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of Upland Software by 73.3% during the 4th quarter. Two Sigma Investments LP now owns 57,706 shares of the software maker’s stock worth $1,250,000 after purchasing an additional 24,404 shares during the last quarter. Institutional investors own 50.19% of the company’s stock.

The company has a debt-to-equity ratio of 1.19, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market cap of $607.89, a P/E ratio of -28.28, a PEG ratio of 1.97 and a beta of 0.52.

Upland Software (NASDAQ:UPLD) last issued its quarterly earnings results on Thursday, March 8th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.10. Upland Software had a negative net margin of 19.12% and a negative return on equity of 3.16%. The company had revenue of $27.80 million during the quarter, compared to analyst estimates of $27.15 million. During the same quarter last year, the business posted $0.12 EPS. Upland Software’s quarterly revenue was up 43.3% compared to the same quarter last year. research analysts predict that Upland Software Inc will post 0.74 earnings per share for the current year.

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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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