D. E. Shaw & Co. Inc. Grows Position in Upland Software, Inc. (NASDAQ:UPLD)

D. E. Shaw & Co. Inc. increased its position in Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 13.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,301,061 shares of the software maker's stock after purchasing an additional 154,667 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 4.74% of Upland Software worth $5,647,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Rice Hall James & Associates LLC raised its holdings in Upland Software by 63.7% in the 4th quarter. Rice Hall James & Associates LLC now owns 964,624 shares of the software maker's stock valued at $4,186,000 after acquiring an additional 375,398 shares during the period. Renaissance Technologies LLC increased its position in Upland Software by 22.8% during the 4th quarter. Renaissance Technologies LLC now owns 358,808 shares of the software maker's stock worth $1,557,000 after buying an additional 66,684 shares during the period. Bridgeway Capital Management LLC increased its holdings in shares of Upland Software by 46.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 241,200 shares of the software maker's stock worth $1,047,000 after purchasing an additional 76,800 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Upland Software during the fourth quarter worth approximately $812,000. Finally, Marshall Wace LLP increased its position in shares of Upland Software by 278.2% in the fourth quarter. Marshall Wace LLP now owns 135,431 shares of the software maker's stock worth $588,000 after purchasing an additional 99,617 shares during the period. Institutional investors own 77.78% of the company's stock.

Upland Software Price Performance

Shares of UPLD remained flat at $2.58 during trading hours on Tuesday. 52,094 shares of the stock traded hands, 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 fifty day simple moving average is $2.64 and its 200-day simple moving average is $3.46. The company has a market capitalization of $73.49 million, a price-to-earnings ratio of -0.57 and a beta of 1.27.

Insider Buying and Selling at Upland Software

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.30% of the company's stock.

Analysts Set New Price Targets

UPLD has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Upland Software in a research note on Tuesday, May 13th. StockNews.com upgraded Upland Software from a "hold" rating to a "buy" rating in a report on Friday, April 18th.

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.