Michael Douglass Hill Sells 20,000 Shares of Upland Software, Inc. (UPLD) Stock
Upland Software, Inc. (NASDAQ:UPLD) CFO Michael Douglass Hill sold 20,000 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $21.43, for a total value of $428,600.00. Following the transaction, the chief financial officer now owns 308,837 shares in the company, valued at approximately $6,618,376.91. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Upland Software, Inc. (UPLD) opened at 20.68 on Thursday. The stock’s market cap is $425.99 million. Upland Software, Inc. has a 12-month low of $7.48 and a 12-month high of $25.56. The firm’s 50 day moving average price is $22.99 and its 200-day moving average price is $20.63.
Upland Software (NASDAQ:UPLD) last announced its quarterly earnings data on Thursday, August 10th. The software maker reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.50). The firm had revenue of $23.30 million during the quarter, compared to the consensus estimate of $21.84 million. Upland Software had a negative return on equity of 23.25% and a negative net margin of 19.10%. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.22) EPS. Equities research analysts anticipate 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 recently issued reports on UPLD shares. Zacks Investment Research downgraded Upland Software from a “hold” rating to a “sell” rating in a report on Wednesday, May 24th. Roth Capital downgraded Upland Software from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a report on Friday, July 14th. BidaskClub upgraded Upland Software from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. TheStreet upgraded Upland Software from a “d” rating to a “c-” rating in a report on Tuesday, July 18th. Finally, SunTrust Banks, Inc. started coverage on Upland Software in a report on Monday, June 26th. They set a “buy” rating and a $27.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Upland Software currently has an average rating of “Buy” and a consensus price target of $27.40.
A number of hedge funds and other institutional investors have recently made changes to their positions in UPLD. The Manufacturers Life Insurance Company lifted 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 during the last quarter. New York State Common Retirement Fund bought a new stake in Upland Software in the second quarter worth about $172,000. Sterling Capital Management LLC bought a new stake in Upland Software in the second quarter worth about $201,000. TFS Capital LLC bought a new stake in Upland Software in the first quarter worth about $222,000. Finally, Menta Capital LLC bought a new stake in Upland Software in the second quarter worth about $249,000. 26.92% of the stock is owned by institutional investors and hedge funds.
About Upland Software
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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