Goldman Sachs Group Inc. Has $46,000 Stock Holdings in Upland Software, Inc. $UPLD

Key Points

• Goldman Sachs Group Inc. reduced its stake in Upland Software by 87.7%, owning only 0.06% of the company valued at approximately $46,000 after selling over 115,000 shares in the first quarter.
• Institutional investors now hold 77.78% of Upland Software's stock, with notable increases in stakes from firms like Two Sigma Investments and Mackenzie Financial Corp.
• Wall Street analysts have mixed ratings for Upland Software, with target price upgrades from Needham & Company and Craig Hallum, while Wall Street Zen downgraded the stock from "buy" to "hold" in a recent report.

Goldman Sachs Group Inc. lessened its position in Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 87.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,230 shares of the software maker's stock after selling 115,217 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.06% of Upland Software worth $46,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Two Sigma Investments LP increased its stake in shares of Upland Software by 111.1% during the 4th quarter. Two Sigma Investments LP now owns 321,583 shares of the software maker's stock worth $1,396,000 after purchasing an additional 169,240 shares during the last quarter. Inspire Advisors LLC acquired a new stake in Upland Software during the first quarter worth approximately $338,000. Ritholtz Wealth Management acquired a new stake in shares of Upland Software during the 1st quarter worth approximately $138,000. Mackenzie Financial Corp boosted its position in shares of Upland Software by 355.8% during the 4th quarter. Mackenzie Financial Corp now owns 60,350 shares of the software maker's stock worth $262,000 after acquiring an additional 47,109 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Upland Software by 87.0% during the 4th quarter. Bank of America Corp DE now owns 81,386 shares of the software maker's stock worth $353,000 after acquiring an additional 37,855 shares in the last quarter. Institutional investors and hedge funds own 77.78% of the company's stock.

Insider Buying and Selling

In other Upland Software news, CEO John T. Mcdonald sold 14,438 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $2.36, for a total transaction of $34,073.68. Following the completion of the sale, the chief executive officer directly owned 2,452,125 shares of the company's stock, valued at approximately $5,787,015. The trade was a 0.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 14.80% of the company's stock.

Wall Street Analysts Forecast Growth

UPLD has been the topic of a number of research analyst reports. Needham & Company LLC upgraded shares of Upland Software from a "hold" rating to a "buy" rating and set a $4.50 price target on the stock in a research note on Thursday, August 21st. Craig Hallum raised Upland Software from a "hold" rating to a "buy" rating and set a $3.50 price objective on the stock in a report on Friday, August 1st. Finally, Wall Street Zen downgraded Upland Software from a "buy" rating to a "hold" rating in a report on Sunday, August 31st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $4.00.

Upland Software Price Performance

NASDAQ:UPLD opened at $2.37 on Wednesday. The firm has a 50-day moving average of $2.38 and a 200-day moving average of $2.32. The company has a market cap of $68.18 million, a PE ratio of -1.33 and a beta of 1.15. Upland Software, Inc. has a one year low of $1.69 and a one year high of $5.64.

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.

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