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

Dimensional Fund Advisors LP lowered its position in Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 69.3% during the fourth quarter, according to the company in its most recent 13F 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 approximately 0.34% of Upland Software worth $400,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Legato Capital Management LLC acquired a new position in shares of Upland Software in the fourth quarter worth $44,000. WESPAC Advisors LLC acquired a new position in Upland Software in the 4th quarter valued at about $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 about $61,000. Finally, Heron Bay Capital Management boosted its stake in shares of Upland Software by 22.9% during the 4th quarter. Heron Bay Capital Management now owns 96,963 shares of the software maker's stock worth $421,000 after purchasing an additional 18,057 shares during the last quarter. 77.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on UPLD shares. Needham & Company LLC restated a "hold" rating on shares of Upland Software in a research report on Tuesday, May 13th. StockNews.com upgraded Upland Software from a "hold" rating to a "buy" rating in a research note on Friday, April 18th.

Upland Software Stock Performance

Upland Software stock remained flat at $2.58 during trading on Tuesday. 52,094 shares of the company were exchanged, compared to its average volume of 220,149. Upland Software, Inc. has a 52-week low of $1.79 and a 52-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 business's 50-day moving average price is $2.64 and its 200 day moving average price is $3.46. The stock has a market capitalization of $73.49 million, a price-to-earnings ratio of -0.57 and a beta of 1.27.

Insider Transactions at Upland Software

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the business'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 completion of the sale, the director now owns 394,008 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.30% of the company's stock.

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.