Upland Software, Inc. (NASDAQ:UPLD) Short Interest Update

Upland Software, Inc. (NASDAQ:UPLD - Get Free Report) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 385,800 shares, a decrease of 19.5% from the August 15th total of 479,100 shares. Based on an average daily volume of 163,900 shares, the short-interest ratio is presently 2.4 days. Currently, 1.7% of the company's stock are short sold.

Analyst Ratings Changes

Several research firms have weighed in on UPLD. Roth Capital upgraded Upland Software from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, August 7th. StockNews.com upgraded Upland Software from a "hold" rating to a "buy" rating in a report on Thursday. Finally, Needham & Company LLC reissued a "hold" rating on shares of Upland Software in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $3.75.

Insiders Place Their Bets

In other Upland Software news, CEO John T. Mcdonald acquired 33,635 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $1.98 per share, with a total value of $66,597.30. Following the completion of the transaction, the chief executive officer now owns 297,373 shares in the company, valued at $588,798.54. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 11.30% of the company's stock.

Institutional Trading of Upland Software

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp lifted its position in shares of Upland Software by 74.6% in the 2nd quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker's stock worth $75,000 after acquiring an additional 12,898 shares during the period. Heron Bay Capital Management acquired a new position in shares of Upland Software in the second quarter valued at $185,000. Renaissance Technologies LLC lifted its position in Upland Software by 180.6% in the second quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker's stock worth $718,000 after purchasing an additional 185,617 shares during the period. Rice Hall James & Associates LLC boosted its stake in Upland Software by 3.7% during the second quarter. Rice Hall James & Associates LLC now owns 273,575 shares of the software maker's stock worth $681,000 after buying an additional 9,755 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Upland Software by 4.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker's stock valued at $374,000 after buying an additional 6,018 shares during the period. 77.78% of the stock is currently owned by institutional investors and hedge funds.

Upland Software Stock Performance

NASDAQ:UPLD traded down $0.05 during mid-day trading on Friday, hitting $2.25. 196,175 shares of the company's stock traded hands, compared to its average volume of 105,276. The firm has a market capitalization of $61.36 million, a price-to-earnings ratio of -0.47 and a beta of 1.12. The firm has a 50 day moving average of $2.24 and a two-hundred day moving average of $2.50. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 72.71. Upland Software has a 12 month low of $1.79 and a 12 month high of $5.28.

Upland Software (NASDAQ:UPLD - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported $0.01 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $67.91 million. During the same period in the prior year, the company posted $0.04 earnings per share. On average, equities analysts forecast that Upland Software will post 0.22 earnings per share for the current fiscal year.

About Upland Software

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.