Jane Street Group LLC Decreases Holdings in Upland Software, Inc. (NASDAQ:UPLD)

Jane Street Group LLC decreased its position in Upland Software, Inc. (NASDAQ:UPLD) by 24.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,199 shares of the software maker’s stock after selling 4,214 shares during the quarter. Jane Street Group LLC’s holdings in Upland Software were worth $33,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Upland Software by 21.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 255,617 shares of the software maker’s stock worth $636,000 after acquiring an additional 45,705 shares during the last quarter. FMR LLC lifted its stake in Upland Software by 30.0% in the third 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. Dynamic Technology Lab Private Ltd purchased a new stake in Upland Software during the third quarter valued at about $31,000. First Heartland Consultants Inc. bought a new position in shares of Upland Software during the third quarter valued at about $30,000. Finally, Rice Hall James & Associates LLC increased its holdings in shares of Upland Software by 115.4% in the third quarter. Rice Hall James & Associates LLC now owns 589,226 shares of the software maker’s stock worth $1,467,000 after buying an additional 315,651 shares during the period. Hedge funds and other institutional investors own 77.78% of the company’s stock.

Upland Software Price Performance

Shares of Upland Software stock opened at $3.99 on Friday. The company’s fifty day simple moving average is $4.01 and its two-hundred day simple moving average is $2.91. Upland Software, Inc. has a 12-month low of $1.79 and a 12-month high of $5.64. The firm has a market cap of $109.49 million, a PE ratio of -0.88 and a beta of 1.28. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05.

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a “hold” rating on shares of Upland Software in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Upland Software currently has an average rating of “Moderate Buy” and an average price target 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.