Heron Bay Capital Management Takes $185,000 Position in Upland Software, Inc. (NASDAQ:UPLD)

Heron Bay Capital Management acquired a new position in Upland Software, Inc. (NASDAQ:UPLD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 74,114 shares of the software maker’s stock, valued at approximately $185,000. Heron Bay Capital Management owned approximately 0.27% of Upland Software as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Jump Financial LLC raised its position 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 worth $272,000 after acquiring an additional 53,400 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in Upland Software in the first quarter worth about $34,000. Assenagon Asset Management S.A. lifted its position 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 buying an additional 6,018 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Upland Software in the 1st quarter valued at about $37,000. Finally, Rice Hall James & Associates LLC grew 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 worth $681,000 after buying an additional 9,755 shares during the last quarter. Hedge funds and other institutional investors own 77.78% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Upland Software news, CEO John T. Mcdonald purchased 33,635 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $1.98 per share, for a total transaction of $66,597.30. Following the acquisition, the chief executive officer now owns 297,373 shares in the company, valued at $588,798.54. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.30% of the company’s stock.

Upland Software Trading Up 4.9 %

NASDAQ:UPLD opened at $2.57 on Friday. The company has a market capitalization of $70.91 million, a P/E ratio of -0.54 and a beta of 1.12. 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, Inc. has a 12 month low of $1.79 and a 12 month high of $5.28. The firm has a fifty day simple moving average of $2.24 and a 200-day simple moving average of $2.49.

Upland Software (NASDAQ:UPLD) last issued its earnings results on Thursday, August 1st. The software maker reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.14). The firm had revenue of $69.34 million during the quarter, compared to analysts’ expectations 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 quarter last year, the business earned $0.04 EPS. On average, equities research analysts anticipate that Upland Software, Inc. will post 0.22 earnings per share 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.