Dimensional Fund Advisors LP Decreases Position in Upland Software, Inc. (NASDAQ:UPLD)

Dimensional Fund Advisors LP trimmed its position in Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 69.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,151 shares of the software maker's stock after selling 207,882 shares during the period. Dimensional Fund Advisors LP owned 0.34% of Upland Software worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Rice Hall James & Associates LLC grew its position in Upland Software by 63.7% during the 4th quarter. Rice Hall James & Associates LLC now owns 964,624 shares of the software maker's stock worth $4,186,000 after purchasing an additional 375,398 shares during the period. Renaissance Technologies LLC grew its position in Upland Software by 22.8% during the 4th quarter. Renaissance Technologies LLC now owns 358,808 shares of the software maker's stock worth $1,557,000 after purchasing an additional 66,684 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Upland Software during the 4th quarter worth about $812,000. Marshall Wace LLP grew its position in Upland Software by 278.2% during the 4th quarter. Marshall Wace LLP now owns 135,431 shares of the software maker's stock worth $588,000 after purchasing an additional 99,617 shares during the period. Finally, Walleye Capital LLC acquired a new stake in Upland Software during the 4th quarter worth about $498,000. 77.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UPLD has been the topic of several analyst reports. Wall Street Zen downgraded Upland Software from a "strong-buy" rating to a "buy" rating in a research report on Thursday. Needham & Company LLC reaffirmed a "hold" rating on shares of Upland Software in a research report on Tuesday, May 13th.

Insider Activity

In other news, Director Timothy Mattox sold 20,000 shares of the firm's 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 in the company, valued at $1,256,885.52. This trade represents a 4.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.30% of the company's stock.

Upland Software Price Performance

Shares of NASDAQ:UPLD traded down $0.07 during trading on Thursday, reaching $2.31. 102,991 shares of the company's stock traded hands, compared to its average volume of 219,929. Upland Software, Inc. has a fifty-two week low of $1.79 and a fifty-two week high of $5.64. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05. The firm has a market cap of $65.80 million, a PE ratio of -0.51 and a beta of 1.27. The company has a 50-day simple moving average of $2.60 and a 200-day simple moving average of $3.44.

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.