Two Sigma Advisers LP Sells 2,900 Shares of Upland Software Inc (UPLD)

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Two Sigma Advisers LP lessened its stake in shares of Upland Software Inc (NASDAQ:UPLD) by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,800 shares of the software maker’s stock after selling 2,900 shares during the quarter. Two Sigma Advisers LP owned approximately 0.14% of Upland Software worth $810,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC bought a new stake in Upland Software during the 4th quarter valued at $200,000. NJ State Employees Deferred Compensation Plan bought a new stake in Upland Software during the 4th quarter valued at $245,000. Alliancebernstein L.P. boosted its position in Upland Software by 60.7% during the 3rd quarter. Alliancebernstein L.P. now owns 9,800 shares of the software maker’s stock valued at $317,000 after acquiring an additional 3,700 shares in the last quarter. Evanson Asset Management LLC boosted its position in Upland Software by 18.4% during the 4th quarter. Evanson Asset Management LLC now owns 10,887 shares of the software maker’s stock valued at $296,000 after acquiring an additional 1,690 shares in the last quarter. Finally, Mackay Shields LLC bought a new stake in Upland Software during the 4th quarter valued at $316,000. 69.77% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on UPLD shares. BidaskClub raised Upland Software from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. ValuEngine raised Upland Software from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Zacks Investment Research raised Upland Software from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Friday, February 22nd. Needham & Company LLC raised their price objective on Upland Software from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, March 8th. Finally, Craig Hallum reissued a “buy” rating and issued a $48.00 price objective on shares of Upland Software in a research report on Friday, March 8th. Eight analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of $45.67.

In related news, COO Timothy Mattox sold 28,196 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $40.27, for a total value of $1,135,452.92. Following the completion of the transaction, the chief operating officer now owns 509,230 shares in the company, valued at approximately $20,506,692.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Douglass Hill sold 41,431 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $41.31, for a total value of $1,711,514.61. Following the completion of the transaction, the chief financial officer now owns 304,435 shares of the company’s stock, valued at approximately $12,576,209.85. The disclosure for this sale can be found here. Insiders sold a total of 102,431 shares of company stock valued at $3,959,128 in the last three months. Insiders own 14.70% of the company’s stock.

Upland Software stock opened at $41.81 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.14. The firm has a market capitalization of $898.70 million, a PE ratio of 35.43, a price-to-earnings-growth ratio of 1.60 and a beta of 0.66. Upland Software Inc has a 1-year low of $25.12 and a 1-year high of $43.73.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings data on Thursday, March 7th. The software maker reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.19. The firm had revenue of $45.18 million during the quarter, compared to analysts’ expectations of $43.17 million. Upland Software had a positive return on equity of 25.28% and a negative net margin of 6.64%. As a group, equities research analysts expect that Upland Software Inc will post 1.31 EPS for the current fiscal year.

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Upland Software Company 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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