272 Capital LP Sells 197,403 Shares of Upland Software, Inc. (NASDAQ:UPLD)

272 Capital LP lowered its position in shares of Upland Software, Inc. (NASDAQ:UPLD) by 26.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 541,018 shares of the software maker’s stock after selling 197,403 shares during the period. 272 Capital LP’s holdings in Upland Software were worth $1,347,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its holdings in Upland Software by 4.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker’s stock valued at $374,000 after purchasing an additional 6,018 shares during the period. Rice Hall James & Associates LLC raised its position in shares of Upland Software by 3.7% in the second quarter. Rice Hall James & Associates LLC now owns 273,575 shares of the software maker’s stock valued at $681,000 after buying an additional 9,755 shares in the last quarter. First Heartland Consultants Inc. bought a new stake in shares of Upland Software in the third quarter valued at approximately $30,000. Dynamic Technology Lab Private Ltd acquired a new stake in Upland Software during the third quarter worth approximately $31,000. Finally, Mackenzie Financial Corp increased its stake in Upland Software by 74.6% during the 2nd quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock worth $75,000 after acquiring an additional 12,898 shares during the period. 77.78% of the stock is owned by institutional investors and hedge funds.

Upland Software Stock Down 1.9 %

Shares of UPLD opened at $4.65 on Friday. The firm has a 50 day simple moving average of $3.00 and a two-hundred day simple moving average of $2.61. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99. Upland Software, Inc. has a one year low of $1.79 and a one year high of $5.64. The company has a market cap of $127.60 million, a P/E ratio of -1.05 and a beta of 1.32.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UPLD. StockNews.com upgraded Upland Software from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $3.75.

Upland Software Company 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.