Ritholtz Wealth Management Has $76,000 Holdings in Upland Software, Inc. $UPLD

Ritholtz Wealth Management lessened its position in shares of Upland Software, Inc. (NASDAQ:UPLD) by 19.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 38,836 shares of the software maker’s stock after selling 9,561 shares during the quarter. Ritholtz Wealth Management’s holdings in Upland Software were worth $76,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC increased its position in Upland Software by 697.1% during the 1st quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker’s stock valued at $34,000 after purchasing an additional 10,442 shares during the period. American Century Companies Inc. acquired a new stake in Upland Software during the 1st quarter valued at approximately $55,000. R Squared Ltd increased its position in Upland Software by 646.4% during the 1st quarter. R Squared Ltd now owns 13,510 shares of the software maker’s stock valued at $39,000 after purchasing an additional 11,700 shares during the period. Mackenzie Financial Corp increased its position in Upland Software by 18.5% during the 1st quarter. Mackenzie Financial Corp now owns 71,523 shares of the software maker’s stock valued at $205,000 after purchasing an additional 11,173 shares during the period. Finally, Inspire Advisors LLC acquired a new stake in Upland Software during the 1st quarter valued at approximately $338,000. Institutional investors and hedge funds own 77.78% of the company’s stock.

Insider Activity

In related news, CEO John T. Mcdonald sold 14,438 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $2.36, for a total value of $34,073.68. Following the transaction, the chief executive officer directly owned 2,452,125 shares in the company, valued at $5,787,015. This trade represents a 0.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 14.80% of the stock is currently owned by corporate insiders.

Upland Software Stock Down 2.3%

Shares of UPLD opened at $2.16 on Thursday. Upland Software, Inc. has a 12-month low of $1.69 and a 12-month high of $5.64. The business’s fifty day moving average is $2.48 and its 200 day moving average is $2.25. The stock has a market cap of $62.14 million, a P/E ratio of -1.21 and a beta of 1.14.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wall Street Zen downgraded shares of Upland Software from a “buy” rating to a “hold” rating in a research report on Sunday, August 31st. Craig Hallum raised shares of Upland Software from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Upland Software in a research report on Wednesday, October 8th. Finally, Needham & Company LLC raised shares of Upland Software from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Thursday, August 21st. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.00.

Upland Software Company Profile

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.