Granahan Investment Management Inc. MA decreased its position in Upland Software Inc (NASDAQ:UPLD) by 13.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 210,220 shares of the software maker’s stock after selling 32,805 shares during the period. Granahan Investment Management Inc. MA’s holdings in Upland Software were worth $7,225,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UPLD. BlackRock Inc. boosted its holdings in shares of Upland Software by 164.3% in the second quarter. BlackRock Inc. now owns 1,022,552 shares of the software maker’s stock valued at $35,145,000 after purchasing an additional 635,712 shares during the period. Portolan Capital Management LLC boosted its holdings in shares of Upland Software by 68.9% in the second quarter. Portolan Capital Management LLC now owns 231,389 shares of the software maker’s stock valued at $7,953,000 after purchasing an additional 94,412 shares during the period. Dana Investment Advisors Inc. purchased a new stake in shares of Upland Software in the second quarter valued at approximately $2,404,000. Bank of New York Mellon Corp boosted its holdings in shares of Upland Software by 247.6% in the second quarter. Bank of New York Mellon Corp now owns 89,890 shares of the software maker’s stock valued at $3,089,000 after purchasing an additional 64,030 shares during the period. Finally, Zacks Investment Management purchased a new stake in shares of Upland Software in the second quarter valued at approximately $1,351,000. Hedge funds and other institutional investors own 52.27% of the company’s stock.

A number of analysts have weighed in on the company. BidaskClub lowered Upland Software from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 11th. Canaccord Genuity upped their target price on Upland Software from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, June 29th. Needham & Company LLC upped their target price on Upland Software from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, June 29th. ValuEngine upgraded Upland Software from a “hold” rating to a “buy” rating in a report on Thursday, August 9th. Finally, Roth Capital upgraded Upland Software from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $26.00 to $11.50 in a report on Thursday, August 9th. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $33.08.

Upland Software stock opened at $34.82 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.74. The firm has a market cap of $763.15 million, a price-to-earnings ratio of 41.95, a P/E/G ratio of 2.22 and a beta of 0.46. Upland Software Inc has a twelve month low of $18.52 and a twelve month high of $38.30.

Upland Software (NASDAQ:UPLD) last posted its earnings results on Wednesday, August 8th. The software maker reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $35.95 million for the quarter, compared to analysts’ expectations of $34.06 million. Upland Software had a positive return on equity of 19.31% and a negative net margin of 12.92%. The firm’s quarterly revenue was up 54.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.33) EPS. analysts anticipate that Upland Software Inc will post 0.8 earnings per share for the current fiscal year.

In other news, major shareholder Epm Live, Inc. sold 45,601 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $36.60, for a total transaction of $1,668,996.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO John T. Mcdonald sold 46,203 shares of the company’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $35.25, for a total value of $1,628,655.75. Following the transaction, the chief executive officer now directly owns 1,614,897 shares in the company, valued at $56,925,119.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,231,181 shares of company stock valued at $43,222,805. 14.70% of the stock is owned by company insiders.

Upland Software Company Profile

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.

Further Reading: Earnings Per Share

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Institutional Ownership by Quarter for Upland Software (NASDAQ:UPLD)

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