John T. Mcdonald Sells 10,000 Shares of Upland Software Inc (UPLD) Stock

Upland Software Inc (NASDAQ:UPLD) CEO John T. Mcdonald sold 10,000 shares of the stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $28.24, for a total transaction of $282,400.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

John T. Mcdonald also recently made the following trade(s):

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  • On Friday, March 9th, John T. Mcdonald sold 50,000 shares of Upland Software stock. The stock was sold at an average price of $28.04, for a total transaction of $1,402,000.00.

Upland Software Inc (NASDAQ UPLD) traded up $0.82 during midday trading on Tuesday, reaching $29.71. 247,434 shares of the company traded hands, compared to its average volume of 231,969. Upland Software Inc has a 52-week low of $13.57 and a 52-week high of $30.44. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $594.39, a price-to-earnings ratio of -28.84, a price-to-earnings-growth ratio of 1.93 and a beta of 0.52.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings data on Thursday, March 8th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.10. The company had revenue of $27.80 million for the quarter, compared to analyst estimates of $27.15 million. Upland Software had a negative net margin of 19.12% and a negative return on equity of 3.16%. The business’s quarterly revenue was up 43.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share. sell-side analysts anticipate that Upland Software Inc will post 0.74 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp raised its stake in shares of Upland Software by 16.1% during the fourth quarter. Mackenzie Financial Corp now owns 31,815 shares of the software maker’s stock valued at $689,000 after purchasing an additional 4,420 shares during the period. Bessemer Group Inc. raised its stake in shares of Upland Software by 62.5% during the fourth quarter. Bessemer Group Inc. now owns 15,600 shares of the software maker’s stock valued at $338,000 after purchasing an additional 6,000 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Upland Software by 784.1% during the second quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock valued at $158,000 after purchasing an additional 6,367 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Upland Software by 30.4% during the third quarter. Bank of New York Mellon Corp now owns 28,983 shares of the software maker’s stock valued at $613,000 after purchasing an additional 6,763 shares during the period. Finally, New York State Common Retirement Fund purchased a new stake in shares of Upland Software during the second quarter valued at approximately $172,000. Institutional investors own 50.19% of the company’s stock.

Several research analysts recently commented on UPLD shares. BidaskClub upgraded shares of Upland Software from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. ValuEngine lowered shares of Upland Software from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Needham & Company LLC raised their price target on shares of Upland Software from $29.00 to $32.00 and gave the company a “buy” rating in a report on Friday, March 9th. Zacks Investment Research lowered shares of Upland Software from a “hold” rating to a “sell” rating in a report on Saturday, March 10th. Finally, Canaccord Genuity raised their price target on shares of Upland Software from $27.00 to $32.00 and gave the company a “buy” rating in a report on Friday, March 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Upland Software presently has an average rating of “Buy” and an average price target of $29.00.

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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.

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

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