Upland Software Inc (NASDAQ:UPLD) CEO John T. Mcdonald sold 26,390 shares of Upland Software stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $36.03, for a total value of $950,831.70. Following the completion of the transaction, the chief executive officer now owns 1,700,144 shares in the company, valued at $61,256,188.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Upland Software stock opened at $35.05 on Friday. The firm has a market capitalization of $768.54 million, a PE ratio of 42.23, a price-to-earnings-growth ratio of 2.24 and a beta of 0.46. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.74. Upland Software Inc has a 12 month low of $18.52 and a 12 month high of $38.30.
Upland Software (NASDAQ:UPLD) last issued its earnings results on Wednesday, August 8th. The software maker reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). The business had revenue of $35.95 million during the quarter, compared to analyst estimates of $34.06 million. Upland Software had a positive return on equity of 19.31% and a negative net margin of 12.92%. The business’s quarterly revenue was up 54.3% on a year-over-year basis. During the same period last year, the business earned ($0.33) EPS. analysts predict that Upland Software Inc will post 0.8 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on the company. BidaskClub upgraded Upland Software from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 1st. Zacks Investment Research cut Upland Software from a “buy” rating to a “strong sell” rating in a report on Wednesday, August 15th. ValuEngine upgraded Upland Software from a “hold” rating to a “buy” rating in a report on Thursday, August 9th. Needham & Company LLC lifted their target price on Upland Software from $37.00 to $40.00 and gave the stock 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 decreased their target price for the stock from $26.00 to $11.50 in a report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $33.08.
Several institutional investors have recently modified their holdings of UPLD. Mount Yale Investment Advisors LLC acquired a new stake in shares of Upland Software in the first quarter worth $136,000. Envestnet Asset Management Inc. acquired a new stake in shares of Upland Software in the second quarter worth $161,000. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Upland Software in the second quarter worth $182,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Upland Software in the second quarter worth $203,000. Finally, PEAK6 Investments L.P. acquired a new stake in shares of Upland Software in the second quarter worth $203,000. 52.26% of the stock is owned by institutional investors and hedge funds.
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.
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