Upland Software, Inc. (NASDAQ:UPLD) Stock Holdings Boosted by Heron Bay Capital Management

Heron Bay Capital Management raised its position in shares of Upland Software, Inc. (NASDAQ:UPLD) by 22.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,963 shares of the software maker’s stock after purchasing an additional 18,057 shares during the quarter. Heron Bay Capital Management owned about 0.35% of Upland Software worth $421,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UPLD. Dynamic Technology Lab Private Ltd bought a new position in Upland Software during the 3rd quarter valued at $31,000. FMR LLC boosted its stake in shares of Upland Software by 30.0% during the 3rd quarter. FMR LLC now owns 78,626 shares of the software maker’s stock worth $196,000 after acquiring an additional 18,134 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Upland Software by 21.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 255,617 shares of the software maker’s stock worth $636,000 after acquiring an additional 45,705 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Upland Software during the 3rd quarter worth $43,000. Finally, Legato Capital Management LLC bought a new stake in shares of Upland Software during the 4th quarter worth $44,000. 77.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Timothy Mattox sold 20,000 shares of the 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 approximately $1,256,885.52. This trade represents a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UPLD. Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a research note on Thursday, March 13th. StockNews.com lowered Upland Software from a “buy” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3.75.

Upland Software Price Performance

UPLD opened at $3.40 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05. Upland Software, Inc. has a 12-month low of $1.79 and a 12-month high of $5.64. The stock has a fifty day moving average of $3.79 and a 200-day moving average of $3.40. The firm has a market capitalization of $95.77 million, a P/E ratio of -0.75 and a beta of 1.40.

Upland Software 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.