272 Capital LP trimmed its position in Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 93.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,000 shares of the software maker's stock after selling 688,421 shares during the quarter. 272 Capital LP owned about 0.18% of Upland Software worth $124,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC boosted its position 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 purchasing an additional 315,651 shares during the period. Assenagon Asset Management S.A. boosted its holdings in 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 period. Renaissance Technologies LLC increased its stake in Upland Software by 180.6% in the 2nd quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker's stock worth $718,000 after buying an additional 185,617 shares in the last quarter. Heron Bay Capital Management purchased a new stake in Upland Software in the 2nd quarter worth $185,000. Finally, Mackenzie Financial Corp raised its holdings in Upland Software by 74.6% during the second quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker's stock valued at $75,000 after acquiring an additional 12,898 shares during the period. 77.78% of the stock is owned by hedge funds and other institutional investors.
Shares of Upland Software stock opened at $3.67 on Friday. The business has a 50-day moving average price of $2.64 and a 200-day moving average price of $2.50. Upland Software, Inc. has a twelve month low of $1.79 and a twelve month high of $5.05. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99.
A number of research firms have recently weighed in on UPLD. Roth Capital raised Upland Software from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, August 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Upland Software in a report on Friday, November 8th. Finally, StockNews.com upgraded shares of Upland Software from a "hold" rating to a "buy" rating in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Upland Software presently has an average rating of "Moderate Buy" and a consensus price target of $3.75.
Get Our Latest Stock Report on UPLD
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.
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