CastleKnight Management LP Has $4.43 Million Stock Holdings in Upland Software, Inc. (NASDAQ:UPLD)

CastleKnight Management LP lowered its holdings in shares of Upland Software, Inc. (NASDAQ:UPLD) by 23.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,020,143 shares of the software maker’s stock after selling 313,152 shares during the period. CastleKnight Management LP’s holdings in Upland Software were worth $4,427,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bridgeway Capital Management LLC raised its stake in shares of Upland Software by 46.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 241,200 shares of the software maker’s stock worth $1,047,000 after acquiring an additional 76,800 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Upland Software by 87.0% during the 4th quarter. Bank of America Corp DE now owns 81,386 shares of the software maker’s stock valued at $353,000 after purchasing an additional 37,855 shares during the last quarter. Algert Global LLC bought a new position in Upland Software during the 4th quarter valued at about $99,000. Jane Street Group LLC grew its holdings in Upland Software by 753.8% during the 4th quarter. Jane Street Group LLC now owns 112,689 shares of the software maker’s stock worth $489,000 after acquiring an additional 99,490 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Upland Software by 278.2% in the 4th quarter. Marshall Wace LLP now owns 135,431 shares of the software maker’s stock worth $588,000 after purchasing an additional 99,617 shares in the last quarter. Institutional investors and hedge funds own 77.78% of the company’s stock.

Insider Activity

In related news, Director Timothy Mattox sold 20,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $3.19, for a total transaction of $63,800.00. Following the completion of the sale, the director now owns 394,008 shares of the company’s stock, valued at $1,256,885.52. This represents a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 11.30% of the company’s stock.

Upland Software Price Performance

Shares of NASDAQ:UPLD opened at $2.42 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05. The stock has a market cap of $68.93 million, a PE ratio of -0.54 and a beta of 1.27. Upland Software, Inc. has a 1-year low of $1.79 and a 1-year high of $5.64. The stock’s fifty day simple moving average is $2.73 and its two-hundred day simple moving average is $3.43.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of Upland Software in a report on Thursday, March 13th. StockNews.com upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a report on Friday, April 18th.

Upland Software Profile

Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.