Key Points
- Upland Software director John Mcdonald sold 15,000 shares at an average $3.16 each, totaling $47,400; he retained 249,088 shares after the sale.
- Upland reported quarterly EPS of $1.71, topping the $1.60 consensus, and revenue of $47.53 million versus estimates of $47.20 million.
- The stock traded at $2.94 on Friday. Analyst views were mixed, with an overall “Hold” rating and an average price target of $10.50.
Upland Software, Inc. (NASDAQ:UPLD - Get Free Report) Director John Mcdonald sold 15,000 shares of the firm's stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $3.16, for a total value of $47,400.00. Following the completion of the sale, the director owned 249,088 shares in the company, valued at $787,118.08. The trade was a 5.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Upland Software Stock Performance
Shares of UPLD traded down $0.09 during midday trading on Friday, hitting $2.94. 69,453 shares of the stock traded hands, compared to its average volume of 119,201. Upland Software, Inc. has a 1-year low of $2.75 and a 1-year high of $19.60. The firm has a market capitalization of $8.35 million, a PE ratio of -0.21 and a beta of 1.42. The business's 50 day moving average price is $3.59 and its two-hundred day moving average price is $5.99.
Upland Software (NASDAQ:UPLD - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The software maker reported $1.71 EPS for the quarter, topping the consensus estimate of $1.60 by $0.11. Upland Software had a negative net margin of 18.44% and a negative return on equity of 34.37%. The business had revenue of $47.53 million during the quarter, compared to analyst estimates of $47.20 million.
Institutional Trading of Upland Software
A hedge fund recently raised its position in Upland Software stock. Rice Hall James & Associates LLC lifted its stake in shares of Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 9.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 974,448 shares of the software maker's stock after acquiring an additional 80,751 shares during the quarter. Rice Hall James & Associates LLC owned about 3.32% of Upland Software worth $649,000 at the end of the most recent reporting period. 77.78% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on UPLD shares. Weiss Ratings reissued a "sell (e+)" rating on shares of Upland Software in a research note on Friday, September 25th. Wall Street Zen upgraded shares of Upland Software to a "buy" rating in a research report on Saturday. Finally, Needham & Company LLC dropped their price target on shares of Upland Software from $10.00 to $6.00 and set a "buy" rating on the stock in a research note on Thursday, November 5th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.50.
Read Our Latest Stock Report on UPLD
Upland Software Company Profile
(
Get Free Report)
Upland Software, Inc. is an enterprise software company that develops cloud-based applications for managing work, customer relationships and business processes. Its software is designed to help organizations automate workflows, organize information, improve collaboration and measure operational performance across departments. Upland's product portfolio has included solutions for project and portfolio management, enterprise content management, knowledge management, customer experience, customer service, sales enablement, communications and information technology service management.
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