272 Capital LP trimmed its position in shares of Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 26.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 541,018 shares of the software maker's stock after selling 197,403 shares during the period. 272 Capital LP owned approximately 1.97% of Upland Software worth $1,347,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. XTX Topco Ltd bought a new stake in Upland Software in the third quarter valued at about $43,000. Jacobs Levy Equity Management Inc. raised its holdings in 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 purchasing an additional 45,705 shares during the last quarter. FMR LLC boosted its stake in shares of Upland Software by 30.0% in the 3rd quarter. FMR LLC now owns 78,626 shares of the software maker's stock valued at $196,000 after purchasing an additional 18,134 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Upland Software in the third quarter valued at approximately $31,000. Finally, First Heartland Consultants Inc. acquired a new stake in shares of Upland Software during the third quarter worth $30,000. Institutional investors and hedge funds own 77.78% of the company's stock.
Upland Software Trading Down 13.1 %
Shares of UPLD stock traded down $0.62 during trading hours on Friday, hitting $4.12. 915,068 shares of the company's stock traded hands, compared to its average volume of 337,990. The stock has a market cap of $113.05 million, a PE ratio of -0.98 and a beta of 1.32. Upland Software, Inc. has a 12 month low of $1.79 and a 12 month high of $5.64. The stock's 50 day simple moving average is $3.00 and its 200 day simple moving average is $2.61. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05.
Analysts Set New Price Targets
A number of brokerages recently issued reports on UPLD. StockNews.com raised Upland Software from a "hold" rating to a "buy" rating in a research report on Thursday, September 12th. Needham & Company LLC reaffirmed a "hold" rating on shares of Upland Software in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Upland Software has an average rating of "Moderate Buy" and an average price target of $3.75.
Check Out Our Latest Analysis on UPLD
Upland Software Company Profile
(
Free Report)
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.
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