Upland Software (NASDAQ:UPLD) Director John Mcdonald Sells 15,000 Shares of Stock

Upland Software, Inc. (NASDAQ:UPLD) Director John Mcdonald sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $3.16, for a total transaction of $47,400.00. Following the sale, the director directly owned 249,088 shares of the company’s stock, valued at $787,118.08. This trade represents a 5.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Upland Software Trading Down 3.0%

UPLD stock traded down $0.09 during midday trading on Friday, hitting $2.94. The company’s stock had a trading volume of 69,453 shares, compared to its average volume of 39,224. The company has a market cap of $8.35 million, a PE ratio of -0.21 and a beta of 1.42. Upland Software, Inc. has a 12 month low of $2.75 and a 12 month high of $19.60. The firm’s 50-day moving average is $3.61 and its 200-day moving average is $6.05.

Upland Software (NASDAQ:UPLD) last issued its earnings results on Wednesday, November 4th. The software maker reported $1.71 EPS for the quarter, beating the consensus estimate of $1.60 by $0.11. Upland Software had a negative return on equity of 34.37% and a negative net margin of 18.44%. The business had revenue of $47.53 million for the quarter, compared to the consensus estimate of $47.20 million.

Analyst Upgrades and Downgrades

UPLD has been the topic of several research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Upland Software in a research note on Friday, September 25th. 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 report on Thursday, November 5th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.50.

Institutional Investors Weigh In On Upland Software

A hedge fund recently bought a new position in Upland Software stock. Jefferies Financial Group Inc. purchased a new position in Upland Software, Inc. (NASDAQ:UPLD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 30,959 shares of the software maker’s stock, valued at approximately $112,000. Jefferies Financial Group Inc. owned about 1.05% of Upland Software at the end of the most recent reporting period. 77.78% of the stock is owned by institutional investors.

Upland Software Company Profile

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.