Lyon Street Capital LLC boosted its holdings in shares of Upland Software Inc (NASDAQ:UPLD) by 12.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 437,377 shares of the software maker’s stock after purchasing an additional 48,466 shares during the period. Upland Software makes up approximately 3.2% of Lyon Street Capital LLC’s holdings, making the stock its 9th biggest position. Lyon Street Capital LLC owned about 2.10% of Upland Software worth $9,474,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Park West Asset Management LLC lifted its stake in Upland Software by 407.9% during the fourth quarter. Park West Asset Management LLC now owns 2,040,520 shares of the software maker’s stock valued at $44,198,000 after purchasing an additional 1,638,744 shares during the last quarter. Millennium Management LLC lifted its stake in Upland Software by 98.9% during the fourth quarter. Millennium Management LLC now owns 470,868 shares of the software maker’s stock valued at $10,199,000 after purchasing an additional 234,191 shares during the last quarter. Raymond James & Associates lifted its stake in Upland Software by 59.3% during the fourth quarter. Raymond James & Associates now owns 64,327 shares of the software maker’s stock valued at $1,393,000 after purchasing an additional 23,950 shares during the last quarter. Two Sigma Investments LP lifted its stake in Upland Software by 73.3% during the fourth quarter. Two Sigma Investments LP now owns 57,706 shares of the software maker’s stock valued at $1,250,000 after purchasing an additional 24,404 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in Upland Software during the fourth quarter valued at approximately $382,000. 50.19% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on UPLD shares. ValuEngine lowered shares of Upland Software from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. BidaskClub upgraded shares of Upland Software from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Zacks Investment Research lowered shares of Upland Software from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. SunTrust Banks restated a “buy” rating and set a $32.00 price target on shares of Upland Software in a report on Friday, March 9th. Finally, Needham & Company LLC boosted 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. 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 stock currently has an average rating of “Buy” and an average target price of $29.00.
Shares of Upland Software stock opened at $28.62 on Monday. Upland Software Inc has a 1-year low of $13.57 and a 1-year high of $30.44. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.19.
Upland Software (NASDAQ:UPLD) last released its quarterly earnings results on Thursday, March 8th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.10. Upland Software had a negative net margin of 19.12% and a negative return on equity of 3.16%. The business had revenue of $27.80 million for the quarter, compared to analyst estimates of $27.15 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The firm’s revenue was up 43.3% compared to the same quarter last year. equities research analysts expect that Upland Software Inc will post 0.74 earnings per share for the current year.
In other Upland Software news, COO Timothy Mattox sold 17,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $26.09, for a total value of $443,530.00. Following the transaction, the chief operating officer now owns 420,204 shares in the company, valued at approximately $10,963,122.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John T. Mcdonald sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $28.04, for a total transaction of $1,402,000.00. The disclosure for this sale can be found here. Insiders have sold 260,000 shares of company stock worth $6,574,930 in the last 90 days. 30.20% of the stock is owned by company insiders.
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Upland Software 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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