Short Interest in Upland Software, Inc. (NASDAQ:UPLD) Decreases By 19.5%

Upland Software, Inc. (NASDAQ:UPLD) was the recipient of a significant 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 trading volume of 163,900 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.7% of the shares of the stock are sold short.

Insider Transactions at Upland Software

In related news, CEO John T. Mcdonald acquired 33,635 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 11.30% of the company’s stock.

Institutional Investors Weigh In On Upland Software

A number of hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its stake in shares of Upland Software by 180.6% in the 2nd quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock valued at $718,000 after acquiring an additional 185,617 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Upland Software by 21.0% during the 4th quarter. First Eagle Investment Management LLC now owns 839,183 shares of the software maker’s stock worth $3,550,000 after purchasing an additional 145,405 shares in the last quarter. Verdad Advisers LP acquired a new stake in shares of Upland Software in the 4th quarter valued at about $337,000. Heron Bay Capital Management bought a new stake in Upland Software in the 2nd quarter valued at about $185,000. Finally, Jump Financial LLC raised its stake in Upland Software by 494.4% during the 4th quarter. Jump Financial LLC now owns 64,200 shares of the software maker’s stock worth $272,000 after buying an additional 53,400 shares during the period. 77.78% of the stock is currently owned by institutional investors.

Upland Software Stock Performance

NASDAQ:UPLD opened at $2.25 on Monday. The company has a market capitalization of $61.36 million, a PE ratio of -0.47 and a beta of 1.12. Upland Software has a fifty-two week low of $1.79 and a fifty-two week high of $5.28. The company has a debt-to-equity ratio of 72.71, a quick ratio of 2.37 and a current ratio of 2.37. The company has a 50 day simple moving average of $2.24 and a two-hundred day simple moving average of $2.50.

Upland Software (NASDAQ:UPLD) last released its earnings results on Thursday, August 1st. The software maker reported $0.01 earnings per share (EPS) 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 firm had revenue of $69.34 million during the quarter, compared to analyst estimates of $67.91 million. During the same quarter in the previous year, the firm earned $0.04 EPS. Research analysts anticipate that Upland Software will post 0.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Upland Software Company 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.