Upland Software Target of Unusually High Options Trading (NASDAQ:UPLD)

Upland Software Inc (NASDAQ:UPLD) was the target of unusually large options trading on Thursday. Stock investors purchased 752 put options on the company. This is an increase of approximately 709% compared to the typical daily volume of 93 put options.

In other Upland Software news, Director David May sold 20,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $42.81, for a total value of $856,200.00. Following the sale, the director now owns 65,773 shares of the company’s stock, valued at approximately $2,815,742.13. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 11.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC bought a new position in shares of Upland Software in the second quarter worth $28,000. Tower Research Capital LLC TRC bought a new position in shares of Upland Software in the second quarter worth $41,000. Ashburton Jersey Ltd bought a new position in shares of Upland Software in the second quarter worth $57,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Upland Software by 77.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,394 shares of the software maker’s stock worth $63,000 after purchasing an additional 608 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Upland Software in the second quarter worth $70,000. 76.15% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on UPLD. Raymond James lifted their price target on shares of Upland Software from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday. TheStreet cut shares of Upland Software from a “b-” rating to a “c+” rating in a report on Wednesday, July 10th. Craig Hallum boosted their target price on shares of Upland Software from $56.00 to $59.00 and gave the company a “buy” rating in a report on Monday, October 7th. ValuEngine cut shares of Upland Software from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research raised shares of Upland Software from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Saturday, October 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. Upland Software presently has a consensus rating of “Buy” and a consensus target price of $52.50.

Shares of UPLD stock opened at $39.09 on Friday. The company’s fifty day simple moving average is $37.28 and its two-hundred day simple moving average is $43.20. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.46 and a quick ratio of 1.46. Upland Software has a 1 year low of $25.12 and a 1 year high of $54.87. The stock has a market capitalization of $986.98 million, a price-to-earnings ratio of 33.13, a PEG ratio of 1.02 and a beta of 0.60.

Upland Software (NASDAQ:UPLD) last issued its earnings results on Wednesday, August 7th. The software maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.21. Upland Software had a negative net margin of 8.03% and a positive return on equity of 25.43%. The business had revenue of $53.01 million for the quarter, compared to analysts’ expectations of $51.51 million. During the same quarter in the previous year, the firm posted ($0.26) EPS. The business’s revenue for the quarter was up 47.5% compared to the same quarter last year. Equities research analysts anticipate that Upland Software will post 1.45 EPS for the current year.

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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