Upland Software, Inc. (NASDAQ:UPLD) CFO Sells $260,404.82 in Stock

Upland Software, Inc. (NASDAQ:UPLD) CFO Michael Douglass Hill sold 7,111 shares of the stock in a transaction dated Friday, September 17th. The stock was sold at an average price of $36.62, for a total transaction of $260,404.82. Following the sale, the chief financial officer now directly owns 224,157 shares in the company, valued at approximately $8,208,629.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Michael Douglass Hill also recently made the following trade(s):

  • On Monday, September 20th, Michael Douglass Hill sold 87 shares of Upland Software stock. The stock was sold at an average price of $35.87, for a total transaction of $3,120.69.

Shares of Upland Software stock opened at $36.39 on Thursday. The firm has a market capitalization of $1.11 billion, a P/E ratio of -18.85, a P/E/G ratio of 9.55 and a beta of 0.95. Upland Software, Inc. has a 52 week low of $34.18 and a 52 week high of $53.00. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.66. The firm’s 50 day moving average is $37.17 and its two-hundred day moving average is $41.84.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings results on Wednesday, August 4th. The software maker reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The company had revenue of $76.26 million during the quarter, compared to analysts’ expectations of $75.24 million. Upland Software had a negative net margin of 18.74% and a positive return on equity of 5.32%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 earnings per share. As a group, research analysts expect that Upland Software, Inc. will post 0.38 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Upland Software from a “hold” rating to a “sell” rating in a research report on Tuesday, July 27th. Raymond James cut their target price on shares of Upland Software from $55.00 to $50.00 and set an “outperform” rating on the stock in a research note on Thursday, August 5th. Finally, Canaccord Genuity cut their target price on shares of Upland Software from $57.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, August 5th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $56.25.

A number of institutional investors have recently made changes to their positions in UPLD. US Bancorp DE increased its stake in Upland Software by 85.7% in the second quarter. US Bancorp DE now owns 795 shares of the software maker’s stock valued at $33,000 after purchasing an additional 367 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Upland Software during the first quarter worth approximately $78,000. MAI Capital Management purchased a new position in shares of Upland Software during the first quarter worth approximately $201,000. SG Americas Securities LLC grew its position in shares of Upland Software by 51.5% during the first quarter. SG Americas Securities LLC now owns 4,423 shares of the software maker’s stock worth $209,000 after acquiring an additional 1,504 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of Upland Software during the second quarter worth approximately $216,000. Institutional investors own 78.33% of the company’s stock.

Upland Software Company Profile

Upland Software, Inc engages in the provision of cloud-based enterprise work management software, which enables organizations to plan, manage and execute projects and work. It offers customer experience management, cloud, enterprise Sales and marketing cloud, project and IT management cloud, and document workflow cloud.

Further Reading: Cost of Goods Sold (COGS)

Insider Buying and Selling by Quarter for Upland Software (NASDAQ:UPLD)

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