Two Sigma Advisers LP Purchases 209,900 Shares of Upland Software, Inc. (NASDAQ:UPLD)

Two Sigma Advisers LP grew its stake in shares of Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 106.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 406,400 shares of the software maker's stock after buying an additional 209,900 shares during the period. Two Sigma Advisers LP owned 1.48% of Upland Software worth $1,764,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legato Capital Management LLC bought a new stake in shares of Upland Software during the fourth quarter valued at about $44,000. WESPAC Advisors LLC bought a new stake in shares of Upland Software during the fourth quarter valued at about $55,000. Essential Planning LLC. bought a new stake in shares of Upland Software during the fourth quarter valued at about $56,000. Sherbrooke Park Advisers LLC bought a new stake in shares of Upland Software during the fourth quarter valued at about $58,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Upland Software in the fourth quarter worth approximately $61,000. 77.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Upland Software

In related 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 value of $63,800.00. Following the completion of the sale, the director now directly owns 394,008 shares in the company, valued at approximately $1,256,885.52. This trade represents a 4.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 11.30% of the company's stock.

Upland Software Price Performance

Shares of UPLD stock traded up $0.01 during trading on Tuesday, hitting $1.85. The company had a trading volume of 231,777 shares, compared to its average volume of 216,736. 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 stock's 50-day moving average is $2.41 and its two-hundred day moving average is $3.43. The stock has a market capitalization of $52.70 million, a price-to-earnings ratio of -0.41 and a beta of 1.27. Upland Software, Inc. has a 52 week low of $1.79 and a 52 week high of $5.64.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wall Street Zen cut shares of Upland Software from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Needham & Company LLC restated a "hold" rating on shares of Upland Software in a research report on Tuesday, May 13th.

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.