272 Capital LP Sells 787,362 Shares of Upland Software, Inc. (NASDAQ:UPLD)

272 Capital LP cut its position in shares of Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 51.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 738,421 shares of the software maker's stock after selling 787,362 shares during the period. 272 Capital LP owned 2.71% of Upland Software worth $1,839,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System bought a new position in shares of Upland Software in the 1st quarter valued at approximately $34,000. Pingora Partners LLC bought a new position in shares of Upland Software in the 4th quarter valued at approximately $50,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Upland Software in the 1st quarter valued at approximately $37,000. Jump Financial LLC raised its stake in shares of Upland Software by 494.4% in the 4th quarter. Jump Financial LLC now owns 64,200 shares of the software maker's stock valued at $272,000 after acquiring an additional 53,400 shares in the last quarter. Finally, Heron Bay Capital Management bought a new position in shares of Upland Software in the 2nd quarter valued at approximately $185,000. 77.78% of the stock is owned by hedge funds and other institutional investors.

Upland Software Stock Performance

Shares of NASDAQ:UPLD traded up $0.01 during trading on Tuesday, hitting $2.61. 90,349 shares of the stock were exchanged, compared to its average volume of 344,231. Upland Software, Inc. has a 1-year low of $1.79 and a 1-year high of $5.28. The company has a market capitalization of $72.02 million, a price-to-earnings ratio of -0.55 and a beta of 1.12. The company's fifty day simple moving average is $2.25 and its 200-day simple moving average is $2.49. The company has a debt-to-equity ratio of 72.71, a quick ratio of 2.37 and a current ratio of 2.37.

Upland Software (NASDAQ:UPLD - Get Free Report) last announced 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). The firm had revenue of $69.34 million for the quarter, compared to analyst estimates of $67.91 million. Upland Software had a positive return on equity of 19.98% and a negative net margin of 46.18%. During the same period in the previous year, the business posted $0.04 EPS. Sell-side analysts expect that Upland Software, Inc. will post 0.22 EPS for the current fiscal year.

Insider Activity at Upland Software

In related news, CEO John T. Mcdonald purchased 33,635 shares of the firm's stock in a transaction that occurred on Thursday, August 8th. The shares were 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 in the company, valued at $588,798.54. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

UPLD has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Upland Software in a report on Friday, August 2nd. StockNews.com raised Upland Software from a "hold" rating to a "buy" rating in a report on Thursday, September 12th. Finally, Roth Capital raised Upland Software from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $3.75.

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.