Upland Software, Inc. (NASDAQ:UPLD) CFO Michael Douglass Hill sold 20,000 shares of the business’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $22.01, for a total value of $440,200.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Michael Douglass Hill also recently made the following trade(s):
- On Friday, September 15th, Michael Douglass Hill sold 20,000 shares of Upland Software stock. The stock was sold at an average price of $21.43, for a total value of $428,600.00.
Shares of Upland Software, Inc. (NASDAQ:UPLD) opened at 21.98 on Wednesday. Upland Software, Inc. has a 12 month low of $7.48 and a 12 month high of $25.56. The company’s 50-day moving average price is $21.93 and its 200-day moving average price is $21.47. The company’s market cap is $452.77 million.
Upland Software (NASDAQ:UPLD) last released its quarterly earnings results on Thursday, August 10th. The software maker reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.50). Upland Software had a negative net margin of 19.10% and a negative return on equity of 23.25%. The firm had revenue of $23.30 million for the quarter, compared to analysts’ expectations of $21.84 million. During the same quarter in the previous year, the business earned ($0.22) EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. Analysts anticipate that Upland Software, Inc. will post $0.94 EPS for the current year.
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Several large investors have recently made changes to their positions in UPLD. The Manufacturers Life Insurance Company grew its stake in shares of Upland Software by 784.1% during the second 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 during the last quarter. New York State Common Retirement Fund bought a new position in shares of Upland Software during the second quarter valued at about $172,000. Sterling Capital Management LLC bought a new position in shares of Upland Software during the second quarter valued at about $201,000. Menta Capital LLC bought a new position in shares of Upland Software during the second quarter valued at about $249,000. Finally, Schwab Charles Investment Management Inc. bought a new position in shares of Upland Software during the second quarter valued at about $258,000. 26.92% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on the company. Canaccord Genuity boosted their price objective on Upland Software from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. Zacks Investment Research lowered Upland Software from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 20th. Needham & Company LLC restated a “buy” rating and set a $29.00 price objective (up previously from $25.00) on shares of Upland Software in a research report on Friday, July 14th. SunTrust Banks, Inc. assumed coverage on Upland Software in a research report on Monday, June 26th. They set a “buy” rating and a $27.00 price objective on the stock. Finally, BidaskClub lowered Upland Software from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $27.40.
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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