Renaissance Technologies LLC Grows Stake in Upland Software, Inc. (NASDAQ:UPLD)

Renaissance Technologies LLC grew its holdings in shares of Upland Software, Inc. (NASDAQ:UPLD) by 180.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 288,408 shares of the software maker’s stock after purchasing an additional 185,617 shares during the period. Renaissance Technologies LLC owned approximately 1.06% of Upland Software worth $718,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. State Board of Administration of Florida Retirement System acquired a new position in Upland Software during the 1st quarter valued at about $34,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Upland Software during the first quarter worth about $37,000. Assenagon Asset Management S.A. increased its holdings in shares of Upland Software by 4.2% during the second quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker’s stock valued at $374,000 after acquiring an additional 6,018 shares in the last quarter. Finally, Rice Hall James & Associates LLC raised its position in shares of Upland Software by 3.7% in the 2nd quarter. Rice Hall James & Associates LLC now owns 273,575 shares of the software maker’s stock valued at $681,000 after purchasing an additional 9,755 shares during the last quarter. Institutional investors and hedge funds own 77.78% of the company’s stock.

Insider Buying and Selling at Upland Software

In related news, CEO John T. Mcdonald bought 33,635 shares of the stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $1.98 per share, for a total transaction of $66,597.30. Following the completion of the purchase, the chief executive officer now directly owns 297,373 shares of the company’s stock, valued at $588,798.54. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on UPLD shares. Roth Capital raised shares of Upland Software from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a report on Friday, August 2nd. Finally, StockNews.com upgraded Upland Software from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. One equities 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

Upland Software Price Performance

Shares of NASDAQ:UPLD opened at $2.38 on Wednesday. Upland Software, Inc. has a twelve month low of $1.79 and a twelve month high of $5.28. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 72.71. The company has a market cap of $65.67 million, a PE ratio of -0.50 and a beta of 1.13. The company’s 50 day moving average is $2.28 and its 200 day moving average is $2.50.

Upland Software (NASDAQ:UPLD) last released its quarterly earnings data on Thursday, August 1st. The software maker reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.14). Upland Software had a positive return on equity of 19.98% and a negative net margin of 46.18%. The business 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 company earned $0.04 EPS. On average, sell-side analysts forecast that Upland Software, Inc. will post 0.22 EPS for the current 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.