CastleKnight Management LP Lowers Stock Position in Upland Software, Inc. (NASDAQ:UPLD)

CastleKnight Management LP decreased its holdings in Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,020,143 shares of the software maker's stock after selling 313,152 shares during the period. CastleKnight Management LP owned about 3.72% of Upland Software worth $4,427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of UPLD. Legato Capital Management LLC purchased a new position in shares of Upland Software in the 4th quarter valued at $44,000. WESPAC Advisors LLC acquired a new position in shares of Upland Software during the 4th quarter worth $55,000. Essential Planning LLC. purchased a new stake in shares of Upland Software during the 4th quarter valued at $56,000. JPMorgan Chase & Co. acquired a new position in Upland Software in the fourth quarter worth about $61,000. Finally, Heron Bay Capital Management raised its stake in shares of Upland Software by 22.9% in the 4th quarter. Heron Bay Capital Management now owns 96,963 shares of the software maker's stock worth $421,000 after buying an additional 18,057 shares in the last quarter. 77.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on UPLD shares. StockNews.com raised shares of Upland Software from a "hold" rating to a "buy" rating in a report on Friday, April 18th. Needham & Company LLC reissued a "hold" rating on shares of Upland Software in a report on Thursday, March 13th.

Upland Software Stock Performance

Shares of NASDAQ UPLD opened at $2.42 on Tuesday. The company has a market cap of $68.93 million, a PE ratio of -0.54 and a beta of 1.27. Upland Software, Inc. has a 12 month low of $1.79 and a 12 month high of $5.64. 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 company has a 50-day simple moving average of $2.73 and a 200-day simple moving average of $3.43.

Insider Activity

In other news, Director Timothy Mattox sold 20,000 shares of Upland Software stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $3.19, for a total transaction of $63,800.00. Following the sale, the director now directly owns 394,008 shares of the company's stock, valued at approximately $1,256,885.52. This trade represents a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.30% of the stock is owned by corporate insiders.

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.

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