Upland Software, Inc. (NASDAQ:UPLD) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its stake in shares of Upland Software, Inc. (NASDAQ:UPLD) by 13.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,301,061 shares of the software maker’s stock after purchasing an additional 154,667 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Upland Software were worth $5,647,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPLD. Cresset Asset Management LLC purchased a new position in Upland Software in the 4th quarter valued at about $87,000. Cubist Systematic Strategies LLC acquired a new position in shares of Upland Software in the fourth quarter valued at approximately $181,000. Bridgeway Capital Management LLC raised its position in shares of Upland Software by 46.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 241,200 shares of the software maker’s stock valued at $1,047,000 after buying an additional 76,800 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Upland Software by 87.0% during the fourth quarter. Bank of America Corp DE now owns 81,386 shares of the software maker’s stock valued at $353,000 after buying an additional 37,855 shares during the period. Finally, Algert Global LLC acquired a new stake in Upland Software during the fourth quarter worth approximately $99,000. Hedge funds and other institutional investors own 77.78% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on UPLD. Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a report on Tuesday. StockNews.com upgraded Upland Software from a “hold” rating to a “buy” rating in a research note on Friday, April 18th.

Upland Software Price Performance

UPLD opened at $2.62 on Friday. Upland Software, Inc. has a 1 year low of $1.79 and a 1 year high of $5.64. The company’s 50 day simple moving average is $2.65 and its 200 day simple moving average is $3.44. The stock has a market capitalization of $74.63 million, a PE ratio of -0.58 and a beta of 1.27. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99.

Insiders Place Their Bets

In other news, Director Timothy Mattox sold 20,000 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $3.19, for a total transaction of $63,800.00. Following the completion of the sale, the director now directly owns 394,008 shares in the company, valued at $1,256,885.52. This represents a 4.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 11.30% of the stock is currently owned by insiders.

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.