Upland Software Inc (NASDAQ:UPLD) CEO John T. Mcdonald sold 20,000 shares of the stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,565,947 shares in the company, valued at $46,978,410. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of NASDAQ UPLD traded down $0.06 during midday trading on Friday, hitting $33.90. The company had a trading volume of 290,465 shares, compared to its average volume of 176,991. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.72. Upland Software Inc has a twelve month low of $22.00 and a twelve month high of $38.30. The stock has a market capitalization of $733.88 million, a price-to-earnings ratio of 40.84, a price-to-earnings-growth ratio of 1.49 and a beta of 0.60.
A number of research analysts recently commented on the stock. BidaskClub raised shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. ValuEngine upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $40.00 price target on shares of Upland Software in a research note on Monday, December 17th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $34.64.
Large investors have recently bought and sold shares of the business. Evanson Asset Management LLC increased its holdings 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. NJ State Employees Deferred Compensation Plan purchased a new stake in shares of Upland Software during the fourth quarter worth about $245,000. American Century Companies Inc. grew its holdings in shares of Upland Software by 204.2% during the third quarter. American Century Companies Inc. now owns 82,906 shares of the software maker’s stock worth $2,679,000 after buying an additional 55,651 shares in the last quarter. Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Upland Software during the third quarter worth about $11,403,000. Finally, Teachers Advisors LLC grew its holdings in shares of Upland Software by 7.6% during the third quarter. Teachers Advisors LLC now owns 31,777 shares of the software maker’s stock worth $1,027,000 after buying an additional 2,249 shares in the last quarter. Hedge funds and other institutional investors own 57.76% of the company’s stock.
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About Upland Software
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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