Short Interest in Upland Software, Inc. (NASDAQ:UPLD) Decreases By 26.9%

Upland Software, Inc. (NASDAQ:UPLD) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 237,500 shares, a drop of 26.9% from the September 15th total of 325,100 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average trading volume of 153,500 shares, the days-to-cover ratio is currently 1.5 days.

Upland Software Trading Down 2.4 %

NASDAQ:UPLD opened at $2.42 on Friday. Upland Software has a one year low of $1.79 and a one year 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 firm has a market cap of $65.99 million, a P/E ratio of -0.51 and a beta of 1.13. The firm has a 50-day simple moving average of $2.28 and a 200-day simple moving average of $2.49.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings results on Thursday, August 1st. The software maker reported $0.01 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 business had revenue of $69.34 million during the quarter, compared to the consensus estimate of $67.91 million. During the same quarter in the prior year, the firm posted $0.04 EPS. Equities analysts anticipate that Upland Software will post 0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a report on Friday, August 2nd. StockNews.com upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Finally, Roth Capital upgraded shares of Upland Software from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Upland Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.75.

Insider Transactions at Upland Software

In other news, CEO John T. Mcdonald bought 33,635 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased 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 of the company’s stock, valued at $588,798.54. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 11.30% of the company’s stock.

Institutional Investors Weigh In On Upland Software

Several large investors have recently modified their holdings of UPLD. Assenagon Asset Management S.A. grew its position in shares of Upland Software by 4.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker’s stock worth $374,000 after buying an additional 6,018 shares during the last quarter. 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. State Board of Administration of Florida Retirement System purchased a new position in shares of Upland Software in the 1st quarter worth approximately $34,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Upland Software in the 1st quarter worth approximately $37,000. Finally, Mackenzie Financial Corp grew its position in shares of Upland Software by 74.6% in the 2nd quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock worth $75,000 after buying an additional 12,898 shares during the last quarter. Institutional investors own 77.78% of the company’s stock.

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.