Two Sigma Investments LP Grows Stake in Upland Software, Inc. (NASDAQ:UPLD)

Two Sigma Investments LP increased its holdings in Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 111.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 321,583 shares of the software maker's stock after purchasing an additional 169,240 shares during the quarter. Two Sigma Investments LP owned approximately 1.17% of Upland Software worth $1,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Two Sigma Advisers LP lifted its position in Upland Software by 106.8% during the fourth quarter. Two Sigma Advisers LP now owns 406,400 shares of the software maker's stock valued at $1,764,000 after buying an additional 209,900 shares during the period. Sherbrooke Park Advisers LLC bought a new position in shares of Upland Software in the 4th quarter worth about $58,000. Man Group plc increased its stake in shares of Upland Software by 33.5% in the 4th quarter. Man Group plc now owns 398,800 shares of the software maker's stock worth $1,731,000 after acquiring an additional 100,157 shares in the last quarter. Millennium Management LLC lifted its position in Upland Software by 54.1% during the 4th quarter. Millennium Management LLC now owns 106,364 shares of the software maker's stock valued at $462,000 after acquiring an additional 37,337 shares during the period. Finally, Jefferies Financial Group Inc. bought a new stake in Upland Software during the fourth quarter worth about $87,000. Hedge funds and other institutional investors own 77.78% of the company's stock.

Insiders Place Their Bets

In other news, Director Timothy Mattox sold 20,000 shares of the firm's stock in a transaction on Monday, March 17th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.30% of the company's stock.

Upland Software Price Performance

Upland Software stock remained flat at $1.81 during mid-day trading on Friday. 118,884 shares of the company were exchanged, compared to its average volume of 215,993. Upland Software, Inc. has a 52 week low of $1.77 and a 52 week high of $5.64. The company's 50 day moving average price is $2.36 and its 200-day moving average price is $3.41. The firm has a market cap of $51.56 million, a P/E ratio of -0.40 and a beta of 1.27. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99.

Analysts Set New Price Targets

A number of brokerages have weighed in on UPLD. Needham & Company LLC restated a "hold" rating on shares of Upland Software in a report on Tuesday, May 13th. Wall Street Zen downgraded Upland Software from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd.

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.