CastleKnight Management LP Sells 313,152 Shares of Upland Software, Inc. (NASDAQ:UPLD)

CastleKnight Management LP cut its holdings in Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 23.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,020,143 shares of the software maker's stock after selling 313,152 shares during the period. CastleKnight Management LP owned 3.72% of Upland Software worth $4,427,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of UPLD. Legato Capital Management LLC purchased a new stake in Upland Software during the fourth quarter worth about $44,000. WESPAC Advisors LLC acquired a new position in shares of Upland Software in the 4th quarter valued at $55,000. Essential Planning LLC. acquired a new position in Upland Software in the 4th quarter valued at about $56,000. JPMorgan Chase & Co. purchased a new position in Upland Software in the 4th quarter valued at $61,000. Finally, Prudential Financial Inc. acquired a new position in Upland Software during the fourth quarter worth $95,000. Institutional investors and hedge funds own 77.78% of the company's stock.

Insider Transactions at Upland Software

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $3.19, for a total value of $63,800.00. Following the transaction, the director now directly owns 394,008 shares of the company's stock, valued at $1,256,885.52. This represents a 4.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 11.30% of the company's stock.

Analyst Upgrades and Downgrades

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

Upland Software Stock Down 2.5 %

Shares of UPLD traded down $0.06 during midday trading on Friday, reaching $2.37. 39,994 shares of the company were exchanged, compared to its average volume of 225,481. The company has a market cap of $67.51 million, a price-to-earnings ratio of -0.52 and a beta of 1.27. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05. Upland Software, Inc. has a 1-year low of $1.79 and a 1-year high of $5.64. The stock has a 50-day moving average price of $2.67 and a 200-day moving average price of $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.