D. E. Shaw & Co. Inc. Purchases 154,667 Shares of Upland Software, Inc. (NASDAQ:UPLD)

D. E. Shaw & Co. Inc. grew 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 disclosure with the Securities & Exchange Commission. 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.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Rice Hall James & Associates LLC grew 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 buying an additional 375,398 shares during the last quarter. Renaissance Technologies LLC raised its stake in Upland Software by 22.8% during the 4th quarter. Renaissance Technologies LLC now owns 358,808 shares of the software maker's stock valued at $1,557,000 after purchasing an additional 66,684 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in Upland Software by 46.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 241,200 shares of the software maker's stock valued at $1,047,000 after purchasing an additional 76,800 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Upland Software during the fourth quarter worth about $812,000. Finally, Marshall Wace LLP increased its stake in Upland Software by 278.2% during the fourth quarter. Marshall Wace LLP now owns 135,431 shares of the software maker's stock valued at $588,000 after acquiring an additional 99,617 shares during the period. 77.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Upland Software

In other news, Director Timothy Mattox sold 20,000 shares of Upland Software stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $3.19, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 11.30% of the company's stock.

Wall Street Analysts Forecast Growth

UPLD has been the topic of several recent research reports. Wall Street Zen lowered Upland Software from a "strong-buy" rating to a "buy" rating in a report on Thursday. Needham & Company LLC reiterated a "hold" rating on shares of Upland Software in a research note on Tuesday, May 13th.

Upland Software Price Performance

Upland Software stock traded down $0.01 on Thursday, reaching $2.37. The company's stock had a trading volume of 21,432 shares, compared to its average volume of 219,678. Upland Software, Inc. has a twelve month low of $1.79 and a twelve month high of $5.64. The company has a market cap of $67.51 million, a price-to-earnings ratio of -0.52 and a beta of 1.27. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99. The business's fifty day moving average price is $2.62 and its 200 day moving average price is $3.44.

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.