272 Capital LP Has $37,000 Stock Holdings in Upland Software, Inc. (NASDAQ:UPLD)

272 Capital LP trimmed its holdings in Upland Software, Inc. (NASDAQ:UPLD) by 98.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,610 shares of the software maker’s stock after selling 532,408 shares during the quarter. 272 Capital LP’s holdings in Upland Software were worth $37,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legato Capital Management LLC bought a new position in shares of Upland Software in the fourth quarter worth about $44,000. WESPAC Advisors LLC acquired a new stake in shares of Upland Software in the fourth quarter valued at approximately $55,000. Essential Planning LLC. bought a new position in Upland Software in the 4th quarter worth approximately $56,000. JPMorgan Chase & Co. acquired a new position in Upland Software during the 4th quarter worth $61,000. Finally, Heron Bay Capital Management boosted its position in Upland Software by 22.9% in the 4th quarter. Heron Bay Capital Management now owns 96,963 shares of the software maker’s stock valued at $421,000 after buying an additional 18,057 shares during the last quarter. Institutional investors and hedge funds own 77.78% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on UPLD. Needham & Company LLC restated a “hold” rating on shares of Upland Software in a research report on Thursday, March 13th. StockNews.com raised Upland Software from a “hold” rating to a “buy” rating in a report on Friday, April 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Upland Software currently has a consensus rating of “Moderate Buy” and an average target price of $3.75.

Insider Activity at Upland Software

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $3.19, for a total value of $63,800.00. Following the completion of the sale, the director now owns 394,008 shares of the company’s stock, valued at approximately $1,256,885.52. This represents a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.30% of the stock is currently owned by corporate insiders.

Upland Software Stock Performance

Shares of Upland Software stock opened at $2.43 on Friday. Upland Software, Inc. has a 52 week low of $1.79 and a 52 week high of $5.64. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $69.22 million, a price-to-earnings ratio of -0.54 and a beta of 1.30. The firm has a fifty day moving average of $2.79 and a two-hundred day moving average of $3.42.

About Upland Software

Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.