Upland Software, Inc. (NASDAQ:UPLD) Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. reduced its position in shares of Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 91.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,869 shares of the software maker's stock after selling 1,118,781 shares during the period. Hodges Capital Management Inc. owned 0.39% of Upland Software worth $264,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Rice Hall James & Associates LLC boosted its holdings in shares of Upland Software by 115.4% during the 3rd quarter. Rice Hall James & Associates LLC now owns 589,226 shares of the software maker's stock worth $1,467,000 after purchasing an additional 315,651 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Upland Software by 180.6% during the 2nd 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 last quarter. Jacobs Levy Equity Management Inc. boosted its holdings 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 purchasing an additional 45,705 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Upland Software by 4.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker's stock worth $374,000 after purchasing an additional 6,018 shares during the last quarter. Finally, FMR LLC boosted its holdings 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 purchasing an additional 18,134 shares during the last quarter. 77.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on UPLD shares. StockNews.com upgraded Upland Software from a "hold" rating to a "buy" rating in a report on Thursday, September 12th. Needham & Company LLC reissued a "hold" rating on shares of Upland Software in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $3.75.

Upland Software Stock Performance

NASDAQ UPLD traded up $0.44 during trading hours on Monday, hitting $4.89. The company had a trading volume of 888,434 shares, compared to its average volume of 329,377. Upland Software, Inc. has a 1-year low of $1.79 and a 1-year high of $4.99. The company has a market cap of $134.18 million, a PE ratio of -1.08 and a beta of 1.32. The business has a 50 day moving average of $2.85 and a 200-day moving average of $2.56. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99.

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.