Upland Software Inc (UPLD) Holdings Decreased by Mesirow Financial Investment Management Equity Management

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Mesirow Financial Investment Management Equity Management lowered its holdings in Upland Software Inc (NASDAQ:UPLD) by 16.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 293,855 shares of the software maker’s stock after selling 59,160 shares during the period. Mesirow Financial Investment Management Equity Management owned approximately 1.36% of Upland Software worth $7,987,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in UPLD. CDAM UK Ltd acquired a new position in shares of Upland Software in the third quarter valued at approximately $27,434,000. BlackRock Inc. grew its holdings in shares of Upland Software by 164.3% in the second quarter. BlackRock Inc. now owns 1,022,552 shares of the software maker’s stock valued at $35,145,000 after purchasing an additional 635,712 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Upland Software by 901.3% in the third quarter. Assenagon Asset Management S.A. now owns 158,476 shares of the software maker’s stock valued at $5,120,000 after purchasing an additional 142,649 shares in the last quarter. Whetstone Capital Advisors LLC grew its holdings in shares of Upland Software by 87.4% in the third quarter. Whetstone Capital Advisors LLC now owns 267,599 shares of the software maker’s stock valued at $8,646,000 after purchasing an additional 124,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Upland Software in the third quarter valued at approximately $3,806,000. Hedge funds and other institutional investors own 57.76% of the company’s stock.

In related news, CEO John T. Mcdonald sold 20,000 shares of Upland Software stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the transaction, the chief executive officer now owns 1,565,947 shares in the company, valued at $46,978,410. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John T. Mcdonald sold 10,635 shares of Upland Software stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $30.45, for a total transaction of $323,835.75. Following the completion of the transaction, the chief executive officer now owns 1,581,652 shares of the company’s stock, valued at approximately $48,161,303.40. The disclosure for this sale can be found here. 14.70% of the stock is owned by insiders.

Shares of Upland Software stock opened at $31.83 on Tuesday. Upland Software Inc has a 52-week low of $21.55 and a 52-week high of $38.30. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $687.72 million, a P/E ratio of 38.35, a PEG ratio of 1.41 and a beta of 0.60.

A number of research analysts recently weighed in on UPLD shares. BidaskClub upgraded shares of Upland Software from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th. Canaccord Genuity restated a “buy” rating and issued a $40.00 price objective on shares of Upland Software in a report on Monday, December 17th. Finally, ValuEngine upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a report on Monday, February 4th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $34.64.

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Upland Software Profile

Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.

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Institutional Ownership by Quarter for Upland Software (NASDAQ:UPLD)

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