272 Capital LP Has $37,000 Position in Upland Software, Inc. (NASDAQ:UPLD)

272 Capital LP lowered its position in shares of Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 98.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,610 shares of the software maker's stock after selling 532,408 shares during the quarter. 272 Capital LP's holdings in Upland Software were worth $37,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Walleye Capital LLC bought a new position in Upland Software during the fourth quarter worth about $498,000. Essential Planning LLC. acquired a new position in shares of Upland Software in the 4th quarter valued at approximately $56,000. Arrowstreet Capital Limited Partnership bought a new stake in Upland Software during the 4th quarter worth approximately $812,000. Prudential Financial Inc. acquired a new stake in Upland Software during the 4th quarter worth approximately $95,000. Finally, Rice Hall James & Associates LLC lifted its stake in Upland Software by 63.7% in the fourth quarter. Rice Hall James & Associates LLC now owns 964,624 shares of the software maker's stock valued at $4,186,000 after buying an additional 375,398 shares in the last quarter. 77.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Timothy Mattox sold 20,000 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $3.19, for a total value of $63,800.00. Following the completion of the sale, the director now directly owns 394,008 shares in the company, valued at approximately $1,256,885.52. This trade represents a 4.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 11.30% of the company's stock.

Analysts Set New Price Targets

UPLD has been the topic of a number of research analyst reports. StockNews.com upgraded shares of 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.

Upland Software Stock Up 1.1 %

NASDAQ UPLD traded up $0.03 during trading hours on Wednesday, hitting $2.37. 36,973 shares of the company traded hands, compared to its average volume of 234,796. The stock has a market capitalization of $67.36 million, a price-to-earnings ratio of -0.52 and a beta of 1.27. Upland Software, Inc. has a twelve month low of $1.79 and a twelve month high of $5.64. The business's 50-day moving average is $2.71 and its 200-day moving average is $3.43. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99.

Upland Software 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.