Upland Software (UPLD) CEO John T. Mcdonald Sells 40,000 Shares of Stock

Upland Software (NASDAQ:UPLD) CEO John T. Mcdonald sold 40,000 shares of Upland Software stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $27.72, for a total value of $1,108,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

John T. Mcdonald also recently made the following trade(s):

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  • On Monday, March 19th, John T. Mcdonald sold 10,000 shares of Upland Software stock. The stock was sold at an average price of $28.24, for a total value of $282,400.00.
  • On Friday, March 9th, John T. Mcdonald sold 50,000 shares of Upland Software stock. The stock was sold at an average price of $28.04, for a total value of $1,402,000.00.

Shares of NASDAQ UPLD opened at $28.84 on Wednesday. The firm has a market capitalization of $591.28, a price-to-earnings ratio of 34.75, a P/E/G ratio of 1.75 and a beta of 0.32. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.19. Upland Software has a fifty-two week low of $15.54 and a fifty-two week high of $31.70.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings data on Thursday, March 8th. The software maker reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.10. The firm had revenue of $27.80 million during the quarter, compared to analysts’ expectations of $27.15 million. Upland Software had a negative return on equity of 3.16% and a negative net margin of 19.12%. The company’s quarterly revenue was up 43.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 EPS. equities research analysts forecast that Upland Software will post 0.81 EPS for the current fiscal year.

Several analysts recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $34.00 price target on shares of Upland Software in a report on Friday, March 23rd. Craig Hallum lifted their price target on Upland Software from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, March 23rd. Zacks Investment Research cut Upland Software from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. BidaskClub cut Upland Software from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Finally, ValuEngine raised Upland Software from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Upland Software currently has a consensus rating of “Buy” and an average price target of $31.67.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Park West Asset Management LLC raised its holdings in Upland Software by 407.9% in the 4th quarter. Park West Asset Management LLC now owns 2,040,520 shares of the software maker’s stock valued at $44,198,000 after acquiring an additional 1,638,744 shares in the last quarter. Pembroke Management LTD raised its holdings in Upland Software by 23.4% in the 4th quarter. Pembroke Management LTD now owns 768,900 shares of the software maker’s stock valued at $16,654,000 after acquiring an additional 145,800 shares in the last quarter. Millennium Management LLC raised its holdings in Upland Software by 98.9% in the 4th quarter. Millennium Management LLC now owns 470,868 shares of the software maker’s stock valued at $10,199,000 after acquiring an additional 234,191 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in Upland Software by 73.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 440,828 shares of the software maker’s stock valued at $9,548,000 after acquiring an additional 186,914 shares in the last quarter. Finally, Lyon Street Capital LLC raised its holdings in Upland Software by 12.5% in the 4th quarter. Lyon Street Capital LLC now owns 437,377 shares of the software maker’s stock valued at $9,474,000 after acquiring an additional 48,466 shares in the last quarter. 50.28% of the stock is owned by hedge funds and other institutional investors.

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About Upland Software

Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.

Insider Buying and Selling by Quarter for Upland Software (NASDAQ:UPLD)

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