Oberweis Asset Management Inc. Buys 28,400 Shares of Upland Software Inc (UPLD)

Oberweis Asset Management Inc. raised its stake in shares of Upland Software Inc (NASDAQ:UPLD) by 126.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,900 shares of the software maker’s stock after purchasing an additional 28,400 shares during the period. Oberweis Asset Management Inc.’s holdings in Upland Software were worth $1,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of UPLD. CDAM UK Ltd purchased a new stake in Upland Software during the third quarter valued at approximately $27,434,000. Portolan Capital Management LLC raised its holdings in shares of Upland Software by 127.1% in the fourth quarter. Portolan Capital Management LLC now owns 706,570 shares of the software maker’s stock worth $19,205,000 after buying an additional 395,418 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Upland Software by 110.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 247,433 shares of the software maker’s stock worth $6,725,000 after buying an additional 129,622 shares during the period. Whetstone Capital Advisors LLC raised its holdings in shares of Upland Software by 87.4% in the third quarter. Whetstone Capital Advisors LLC now owns 267,599 shares of the software maker’s stock worth $8,646,000 after buying an additional 124,800 shares during the period. Finally, AlphaOne Investment Services LLC purchased a new stake in shares of Upland Software in the fourth quarter worth approximately $3,297,000. Institutional investors and hedge funds own 63.07% of the company’s stock.

Several equities research analysts have recently weighed in on the company. TheStreet upgraded Upland Software from a “c” rating to a “b-” rating in a report on Friday, March 8th. Zacks Investment Research upgraded Upland Software from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Thursday. Roth Capital increased their price target on Upland Software from $43.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, March 8th. Craig Hallum reiterated a “buy” rating and issued a $48.00 price target on shares of Upland Software in a report on Friday, March 8th. Finally, BidaskClub upgraded Upland Software from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 23rd. Nine research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of $44.29.

In other Upland Software news, COO Timothy Mattox sold 12,804 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $40.00, for a total transaction of $512,160.00. Following the transaction, the chief operating officer now directly owns 509,230 shares in the company, valued at approximately $20,369,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John T. Mcdonald sold 20,000 shares of the firm’s stock in a transaction on Friday, January 18th. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the transaction, the chief executive officer now owns 1,565,947 shares in the company, valued at $46,978,410. The disclosure for this sale can be found here. Insiders have sold a total of 61,000 shares of company stock worth $2,247,613 over the last 90 days. 14.70% of the stock is currently owned by company insiders.

Shares of NASDAQ UPLD traded up $0.62 during midday trading on Friday, hitting $41.56. The company’s stock had a trading volume of 78,867 shares, compared to its average volume of 228,000. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.64 and a current ratio of 0.64. Upland Software Inc has a 12-month low of $25.12 and a 12-month high of $42.29. The company has a market cap of $862.89 million, a price-to-earnings ratio of 35.22, a PEG ratio of 1.55 and a beta of 0.63.

Upland Software (NASDAQ:UPLD) last issued its quarterly earnings results on Thursday, March 7th. The software maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.19. The firm had revenue of $45.18 million for the quarter, compared to the consensus estimate of $43.17 million. Upland Software had a positive return on equity of 24.98% and a negative net margin of 6.64%. Sell-side analysts predict that Upland Software Inc will post 1.31 earnings per share for the current year.

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About Upland Software

Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.

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Institutional Ownership by Quarter for Upland Software (NASDAQ:UPLD)

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