John T. Mcdonald Sells 67,500 Shares of Upland Software Inc (UPLD) Stock

Upland Software Inc (NASDAQ:UPLD) CEO John T. Mcdonald sold 67,500 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $22.23, for a total value of $1,500,525.00. Following the transaction, the chief executive officer now owns 1,758,288 shares in the company, valued at approximately $39,086,742.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Upland Software Inc (UPLD) opened at $23.03 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.94. Upland Software Inc has a 1-year low of $10.00 and a 1-year high of $25.56. The stock has a market capitalization of $472.44, a PE ratio of -23.99, a price-to-earnings-growth ratio of 1.39 and a beta of 0.54.

Upland Software (NASDAQ:UPLD) last issued its earnings results on Thursday, November 9th. The software maker reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. Upland Software had a negative return on equity of 13.22% and a negative net margin of 18.89%. The firm had revenue of $26.07 million for the quarter, compared to analysts’ expectations of $25.33 million. During the same quarter last year, the business earned $0.11 earnings per share. The company’s revenue was up 35.5% compared to the same quarter last year. sell-side analysts expect that Upland Software Inc will post 0.48 EPS for the current year.

UPLD has been the topic of a number of recent analyst reports. Zacks Investment Research cut Upland Software from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 20th. BidaskClub upgraded Upland Software from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Finally, ValuEngine cut Upland Software from a “hold” rating to a “sell” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $26.40.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UPLD. Schwab Charles Investment Management Inc. acquired a new stake in shares of Upland Software during the second quarter worth about $258,000. Bank of New York Mellon Corp acquired a new stake in shares of Upland Software during the second quarter worth about $489,000. Teachers Advisors LLC acquired a new stake in shares of Upland Software during the second quarter worth about $279,000. TIAA CREF Investment Management LLC acquired a new stake in shares of Upland Software during the second quarter worth about $632,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Upland Software during the second quarter worth about $172,000. 30.10% of the stock is currently owned by institutional investors.

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Upland Software Company Profile

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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