Upland Software, Inc. (NASDAQ:UPLD) major shareholder Systems Corp Wave sold 20,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $22.46, for a total value of $449,200.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, September 7th, Systems Corp Wave sold 35,400 shares of Upland Software stock. The shares were 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 shares were 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 shares were sold at an average price of $22.68, for a total value of $12,739,628.16.

Upland Software, Inc. (NASDAQ UPLD) traded up 0.667% on Thursday, reaching $21.875. The company had a trading volume of 58,280 shares. The company’s market capitalization is $450.60 million. The company’s 50 day moving average price is $23.53 and its 200-day moving average price is $20.30. Upland Software, Inc. has a 12 month low of $7.48 and a 12 month high of $25.56.

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

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A number of research analysts have recently commented on the company. Canaccord Genuity raised their price target on Upland Software from $25.00 to $27.00 and gave the company a “buy” rating in a report on Monday, August 14th. BidaskClub lowered Upland Software from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research lowered Upland Software from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. TheStreet raised Upland Software from a “d” rating to a “c-” rating in a report on Tuesday, July 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $29.00 price target (up from $25.00) on shares of Upland Software in a report on Friday, July 14th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $27.40.

A number of institutional investors have recently bought and sold shares of the business. White Pine Capital LLC boosted its stake in Upland Software by 24.6% in the second quarter. White Pine Capital LLC now owns 28,025 shares of the software maker’s stock worth $616,000 after purchasing an additional 5,525 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in 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 worth $158,000 after purchasing an additional 6,367 shares in the last quarter. New York State Common Retirement Fund acquired a new position in Upland Software in the second quarter worth $172,000. EAM Investors LLC boosted its stake in Upland Software by 17.7% in the second quarter. EAM Investors LLC now owns 51,998 shares of the software maker’s stock worth $1,143,000 after purchasing an additional 7,825 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Upland Software by 32.8% in the second quarter. Goldman Sachs Group Inc. now owns 36,834 shares of the software maker’s stock worth $810,000 after purchasing an additional 9,089 shares in the last quarter. 26.92% of the stock is currently owned by institutional investors.

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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