Systems Corp Wave Sells 35,400 Shares of Upland Software, Inc. (UPLD) Stock

Upland Software, Inc. (NASDAQ:UPLD) major shareholder Systems Corp Wave sold 35,400 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $22.38, for a total transaction of $792,252.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • 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 transaction 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 transaction of $12,739,628.16.

Upland Software, Inc. (NASDAQ:UPLD) opened at 22.10 on Wednesday. The firm has a 50 day moving average of $23.61 and a 200-day moving average of $20.23. Upland Software, Inc. has a 1-year low of $7.48 and a 1-year high of $25.56. The company’s market capitalization is $455.24 million.

Upland Software (NASDAQ:UPLD) last released its earnings results on Thursday, August 10th. The software maker reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.50). The business had revenue of $23.30 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.22) earnings per share. On average, 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 have weighed in on UPLD shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $29.00 price objective (up from $25.00) on shares of Upland Software in a research note on Friday, July 14th. Roth Capital lowered shares of Upland Software from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a research note on Friday, July 14th. BidaskClub raised shares of Upland Software from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. SunTrust Banks, Inc. started coverage on shares of Upland Software in a research note on Monday, June 26th. They issued a “buy” rating and a $27.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of Upland Software from a “hold” rating to a “sell” rating in a research note on Wednesday, May 24th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $27.40.

Several large investors have recently added to or reduced their stakes in the company. Wasatch Advisors Inc. purchased a new stake in shares of Upland Software in the 2nd quarter worth about $3,331,000. Sterling Capital Management LLC purchased a new stake in shares of Upland Software in the 2nd quarter worth about $201,000. California State Teachers Retirement System purchased a new stake in shares of Upland Software in the 2nd quarter worth about $284,000. The Manufacturers Life Insurance Company grew its position in shares of Upland Software by 784.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock worth $158,000 after buying an additional 6,367 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Upland Software in the 2nd quarter worth about $333,000. 26.92% of the stock is currently owned by hedge funds and other institutional investors.

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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