Upland Software, Inc. (NASDAQ:UPLD) CEO John T. Mcdonald Acquires 33,635 Shares

Upland Software, Inc. (NASDAQ:UPLD) CEO John T. Mcdonald bought 33,635 shares of Upland Software stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $1.98 per share, with a total value of $66,597.30. Following the purchase, the chief executive officer now directly owns 297,373 shares of the company’s stock, valued at $588,798.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Upland Software Stock Performance

UPLD stock traded up $0.01 during midday trading on Monday, reaching $1.90. The company had a trading volume of 370,498 shares, compared to its average volume of 383,905. The company has a debt-to-equity ratio of 72.71, a current ratio of 2.37 and a quick ratio of 2.37. Upland Software, Inc. has a 1 year low of $1.79 and a 1 year high of $5.28. The firm has a 50-day moving average price of $2.45 and a 200-day moving average price of $2.86.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings data on Thursday, August 1st. The software maker reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.14). Upland Software had a negative net margin of 46.18% and a positive return on equity of 19.98%. The business had revenue of $69.34 million during the quarter, compared to analysts’ expectations of $67.91 million. During the same period last year, the company posted $0.04 EPS. On average, research analysts anticipate that Upland Software, Inc. will post 0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Roth Capital upgraded shares of Upland Software from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Canaccord Genuity Group reduced their price objective on shares of Upland Software from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. William Blair reaffirmed an “outperform” rating on shares of Upland Software in a report on Friday, May 3rd. StockNews.com lowered shares of Upland Software from a “buy” rating to a “hold” rating in a report on Tuesday, June 25th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $3.75.

Institutional Investors Weigh In On Upland Software

Institutional investors have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System purchased a new stake in shares of Upland Software in the 1st quarter valued at $34,000. Pingora Partners LLC purchased a new stake in Upland Software during the 4th quarter valued at $50,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Upland Software during the 1st quarter valued at $37,000. Oxford Asset Management LLP purchased a new stake in Upland Software during the 4th quarter valued at $52,000. Finally, NBC Securities Inc. boosted its position in Upland Software by 38.1% during the 4th quarter. NBC Securities Inc. now owns 62,500 shares of the software maker’s stock valued at $264,000 after buying an additional 17,250 shares during the period. Hedge funds and other institutional investors own 77.78% of the company’s stock.

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.