Walleye Capital LLC Makes New Investment in Upland Software, Inc. (NASDAQ:UPLD)

Walleye Capital LLC acquired a new stake in Upland Software, Inc. (NASDAQ:UPLD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 114,833 shares of the software maker's stock, valued at approximately $498,000. Walleye Capital LLC owned approximately 0.42% of Upland Software at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legato Capital Management LLC purchased a new stake in Upland Software in the 4th quarter valued at about $44,000. WESPAC Advisors LLC purchased a new stake in Upland Software in the 4th quarter valued at $55,000. Essential Planning LLC. acquired a new stake in shares of Upland Software during the fourth quarter worth $56,000. JPMorgan Chase & Co. acquired a new stake in Upland Software in the fourth quarter valued at $61,000. Finally, Prudential Financial Inc. acquired a new stake in Upland Software in the fourth quarter valued at $95,000. 77.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UPLD has been the subject of several recent analyst reports. StockNews.com upgraded Upland Software from a "hold" rating to a "buy" rating in a report on Friday, April 18th. Needham & Company LLC reaffirmed a "hold" rating on shares of Upland Software in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $3.75.

Insider Buying and Selling

In other news, Director Timothy Mattox sold 20,000 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $3.19, for a total transaction of $63,800.00. Following the completion of the sale, the director now directly owns 394,008 shares of the company's stock, valued at $1,256,885.52. The trade was a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.30% of the stock is owned by corporate insiders.

Upland Software Price Performance

Shares of UPLD stock traded up $0.02 during trading hours on Tuesday, hitting $2.40. 5,855 shares of the company's stock were exchanged, compared to its average volume of 338,122. Upland Software, Inc. has a 52 week low of $1.79 and a 52 week high of $5.64. The stock has a market cap of $68.22 million, a price-to-earnings ratio of -0.53 and a beta of 1.30. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99. The stock's 50-day moving average is $2.89 and its 200-day moving average is $3.43.

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.