Upland Software, Inc. (UPLD) Major Shareholder Systems Corp Wave Sells 4,805 Shares

Upland Software, Inc. (NASDAQ:UPLD) major shareholder Systems Corp Wave sold 4,805 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $22.25, for a total value of $106,911.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Systems Corp Wave also recently made the following trade(s):

  • On Thursday, September 14th, Systems Corp Wave sold 44,903 shares of Upland Software stock. The stock was sold at an average price of $22.06, for a total value of $990,560.18.
  • On Tuesday, September 12th, Systems Corp Wave sold 20,000 shares of Upland Software stock. The stock was sold at an average price of $22.46, for a total value of $449,200.00.
  • On Thursday, September 7th, Systems Corp Wave sold 35,400 shares of Upland Software stock. The stock was sold at an average price of $22.38, for a total value of $792,252.00.
  • On Monday, July 24th, Systems Corp Wave sold 91,280 shares of Upland Software stock. The stock was sold at an average price of $24.57, for a total value of $2,242,749.60.
  • On Friday, June 23rd, Systems Corp Wave sold 561,712 shares of Upland Software stock. The stock was sold at an average price of $22.68, for a total value of $12,739,628.16.

Shares of Upland Software, Inc. (UPLD) traded down 5.99% on Friday, hitting $20.71. The stock had a trading volume of 286,033 shares. The firm’s market cap is $426.61 million. Upland Software, Inc. has a 12-month low of $7.48 and a 12-month high of $25.56. The stock has a 50 day moving average of $23.21 and a 200 day moving average of $20.38.

Upland Software (NASDAQ:UPLD) last released its quarterly earnings results on Thursday, August 10th. The software maker reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.50). Upland Software had a negative return on equity of 23.25% and a negative net margin of 19.10%. The firm had revenue of $23.30 million for the quarter, compared to analyst estimates of $21.84 million. During the same quarter last year, the company earned ($0.22) earnings per share. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. Equities analysts predict that Upland Software, Inc. will post $0.94 earnings per share for the current fiscal year.

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UPLD has been the topic of several research reports. Zacks Investment Research downgraded Upland Software from a “hold” rating to a “sell” rating in a report on Wednesday, May 24th. Roth Capital downgraded Upland Software from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a report on Friday, July 14th. BidaskClub upgraded Upland Software from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. TheStreet upgraded Upland Software from a “d” rating to a “c-” rating in a report on Tuesday, July 18th. Finally, SunTrust Banks, Inc. initiated coverage on Upland Software in a report on Monday, June 26th. They set a “buy” rating and a $27.00 price objective on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $27.40.

Hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of Upland Software by 784.1% in the second 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 acquired a new stake in shares of Upland Software in the second quarter valued at $172,000. Sterling Capital Management LLC acquired a new stake in shares of Upland Software in the second quarter valued at $201,000. TFS Capital LLC acquired a new stake in shares of Upland Software in the first quarter valued at $222,000. Finally, Menta Capital LLC acquired a new stake in shares of Upland Software in the second quarter valued at $249,000. Institutional investors and hedge funds own 26.92% of the company’s stock.

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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