Arrowstreet Capital Limited Partnership Invests $812,000 in Upland Software, Inc. (NASDAQ:UPLD)

Arrowstreet Capital Limited Partnership acquired a new stake in shares of Upland Software, Inc. (NASDAQ:UPLD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 187,187 shares of the software maker's stock, valued at approximately $812,000. Arrowstreet Capital Limited Partnership owned about 0.68% of Upland Software as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. FMR LLC lifted 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 during the last quarter. XTX Topco Ltd purchased a new position in Upland Software during the 3rd quarter valued at about $43,000. Legato Capital Management LLC purchased a new stake in shares of Upland Software in the 4th quarter worth approximately $44,000. Rice Hall James & Associates LLC boosted its stake in shares of Upland Software by 63.7% during the fourth quarter. Rice Hall James & Associates LLC now owns 964,624 shares of the software maker's stock valued at $4,186,000 after purchasing an additional 375,398 shares in the last quarter. Finally, WESPAC Advisors LLC bought a new position in Upland Software in the fourth quarter worth approximately $55,000. 77.78% of the stock is owned by hedge funds and other institutional investors.

Upland Software Stock Performance

Upland Software stock traded down $0.03 during mid-day trading on Thursday, reaching $2.23. 43,050 shares of the company traded hands, compared to its average volume of 338,373. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99. Upland Software, Inc. has a fifty-two week low of $1.79 and a fifty-two week high of $5.64. The company has a market capitalization of $62.67 million, a price-to-earnings ratio of -0.49 and a beta of 1.30. The firm's fifty day moving average is $3.24 and its two-hundred day moving average is $3.43.

Insider Buying and Selling at Upland Software

In related news, Director Timothy Mattox sold 20,000 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $3.19, for a total transaction of $63,800.00. Following the sale, the director now directly owns 394,008 shares of the company's stock, valued at $1,256,885.52. This trade represents a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.30% of the company's stock.

Wall Street Analysts Forecast Growth

UPLD has been the topic of a number of recent research reports. StockNews.com downgraded Upland Software from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Needham & Company LLC reaffirmed a "hold" rating on shares of Upland Software in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Upland Software presently has a consensus rating of "Moderate Buy" and an average target price of $3.75.

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.