Upland Software (UPLD) Sees Strong Trading Volume
Shares of Upland Software Inc (NASDAQ:UPLD) saw unusually-strong trading volume on Thursday . Approximately 1,584,692 shares were traded during mid-day trading, an increase of 1,154% from the previous session’s volume of 126,345 shares.The stock last traded at $22.21 and had previously closed at $21.86.
A number of equities analysts recently issued reports on UPLD shares. Zacks Investment Research upgraded Upland Software from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Friday, November 17th. ValuEngine cut Upland Software from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, BidaskClub upgraded Upland Software from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $26.40.
The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.94.
Upland Software (NASDAQ:UPLD) last issued its quarterly earnings data on Thursday, November 9th. The software maker reported $0.25 earnings per share for the quarter, beating the 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 business had revenue of $26.07 million for the quarter, compared to analysts’ expectations of $25.33 million. During the same period last year, the business earned $0.11 EPS. The business’s revenue was up 35.5% on a year-over-year basis. equities research analysts forecast that Upland Software Inc will post 0.48 earnings per share for the current fiscal year.
In other Upland Software news, CEO John T. Mcdonald sold 35,196 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $21.44, for a total transaction of $754,602.24. Following the transaction, the chief executive officer now directly owns 1,922,022 shares in the company, valued at approximately $41,208,151.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John T. Mcdonald sold 67,500 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $22.08, for a total value of $1,490,400.00. Following the transaction, the chief executive officer now owns 1,861,064 shares in the company, valued at $41,092,293.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 171,350 shares of company stock worth $3,812,965. Company insiders own 30.20% of the company’s stock.
Large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its stake in 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 acquiring an additional 6,367 shares in the last quarter. New York State Common Retirement Fund bought a new stake in shares of Upland Software during the 2nd quarter worth $172,000. Sterling Capital Management LLC bought a new stake in shares of Upland Software during the 2nd quarter worth $201,000. Bessemer Group Inc. bought a new stake in shares of Upland Software during the 3rd quarter worth $203,000. Finally, Menta Capital LLC bought a new stake in shares of Upland Software during the 2nd quarter worth $249,000. Institutional investors and hedge funds own 30.10% of the company’s stock.
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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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