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

Two Sigma Advisers LP lifted its position in Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 106.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 406,400 shares of the software maker's stock after purchasing an additional 209,900 shares during the quarter. Two Sigma Advisers LP owned 1.48% of Upland Software worth $1,764,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of UPLD. Legato Capital Management LLC purchased a new position in shares of Upland Software in the fourth quarter worth about $44,000. WESPAC Advisors LLC bought a new position in shares of Upland Software in the fourth quarter worth approximately $55,000. Essential Planning LLC. bought a new stake in Upland Software during the 4th quarter valued at $56,000. Sherbrooke Park Advisers LLC bought a new stake in Upland Software during the 4th quarter valued at $58,000. Finally, JPMorgan Chase & Co. purchased a new stake in Upland Software during the 4th quarter valued at $61,000. 77.78% of the stock is currently owned by institutional investors.

Upland Software Trading Up 1.4%

UPLD stock traded up $0.03 on Friday, reaching $2.19. The company's stock had a trading volume of 72,045 shares, compared to its average volume of 215,284. The firm has a market cap of $62.38 million, a PE ratio of -0.48 and a beta of 1.27. The business has a fifty day simple moving average of $2.46 and a two-hundred day simple moving average of $3.43. Upland Software, Inc. has a 12-month low of $1.79 and a 12-month high of $5.64. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports 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 report on Tuesday, May 13th.

Insider Activity

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the stock in a transaction 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 completion of the transaction, the director now owns 394,008 shares in the company, valued at approximately $1,256,885.52. This represents a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.30% of the stock is currently owned by company insiders.

Upland Software 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.