Upland Software (UPLD) Sees Large Volume Increase

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Upland Software Inc (NASDAQ:UPLD) shares saw unusually-strong trading volume on Thursday . Approximately 3,356,819 shares traded hands during trading, an increase of 1,044% from the previous session’s volume of 293,509 shares.The stock last traded at $46.49 and had previously closed at $44.29.

A number of analysts recently issued reports on UPLD shares. TheStreet upgraded shares of Upland Software from a “c” rating to a “b-” rating in a research report on Friday, March 8th. Zacks Investment Research upgraded shares of Upland Software from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Thursday, March 14th. Roth Capital raised their target price on shares of Upland Software from $43.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, March 8th. Craig Hallum reaffirmed a “buy” rating and set a $48.00 price target on shares of Upland Software in a research note on Friday, March 8th. Finally, Needham & Company LLC increased their price target on shares of Upland Software from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. Nine research analysts have rated the stock with a buy rating, Upland Software presently has a consensus rating of “Buy” and an average target price of $48.43.

The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.63 and a current ratio of 0.57. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 39.59, a P/E/G ratio of 1.85 and a beta of 0.69.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings results on Thursday, May 2nd. The software maker reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.20. The company had revenue of $48.50 million for the quarter, compared to the consensus estimate of $48.39 million. Upland Software had a negative net margin of 8.77% and a positive return on equity of 27.01%. Upland Software’s revenue was up 53.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share. On average, analysts predict that Upland Software Inc will post 1.26 earnings per share for the current fiscal year.

In other news, CFO Michael Douglass Hill sold 41,431 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $41.31, for a total value of $1,711,514.61. Following the transaction, the chief financial officer now owns 304,435 shares of the company’s stock, valued at approximately $12,576,209.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Timothy Mattox sold 28,196 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $40.27, for a total transaction of $1,135,452.92. Following the completion of the transaction, the chief operating officer now directly owns 509,230 shares in the company, valued at approximately $20,506,692.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,431 shares of company stock worth $3,359,128. 14.70% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. US Bancorp DE raised its stake in shares of Upland Software by 93.2% in the 1st quarter. US Bancorp DE now owns 715 shares of the software maker’s stock valued at $30,000 after acquiring an additional 345 shares during the period. Legal & General Group Plc raised its stake in shares of Upland Software by 26.6% in the 4th quarter. Legal & General Group Plc now owns 2,959 shares of the software maker’s stock valued at $81,000 after acquiring an additional 622 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Upland Software by 3.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 22,658 shares of the software maker’s stock valued at $616,000 after acquiring an additional 700 shares during the period. Swiss National Bank raised its stake in shares of Upland Software by 3.1% in the 1st quarter. Swiss National Bank now owns 29,500 shares of the software maker’s stock valued at $1,250,000 after acquiring an additional 900 shares during the period. Finally, Hodges Capital Management Inc. raised its stake in shares of Upland Software by 1.5% in the 1st quarter. Hodges Capital Management Inc. now owns 73,097 shares of the software maker’s stock valued at $3,096,000 after acquiring an additional 1,100 shares during the period. 68.82% of the stock is currently owned by institutional investors and hedge funds.

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About Upland Software (NASDAQ:UPLD)

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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