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Healthcare of Ontario Pension Plan Trust Fund Sells 130,700 Shares of Upland Software, Inc. (NASDAQ:UPLD)

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Healthcare of Ontario Pension Plan Trust Fund lowered its holdings in shares of Upland Software, Inc. (NASDAQ:UPLD – Get Rating) by 45.1% during the first quarter, Holdings Channel reports. The firm owned 159,200 shares of the software maker's stock after selling 130,700 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in Upland Software were worth $2,804,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goff John C bought a new position in shares of Upland Software during the 4th quarter valued at $233,000. HighTower Trust Services LTA acquired a new position in Upland Software in the 1st quarter valued at $692,000. EMC Capital Management grew its stake in Upland Software by 105.6% in the 4th quarter. EMC Capital Management now owns 70,332 shares of the software maker's stock valued at $1,790,000 after buying an additional 36,121 shares during the last quarter. Renaissance Technologies LLC grew its stake in Upland Software by 139.5% in the 4th quarter. Renaissance Technologies LLC now owns 160,743 shares of the software maker's stock valued at $2,884,000 after buying an additional 93,626 shares during the last quarter. Finally, Monarch Partners Asset Management LLC grew its stake in Upland Software by 122.0% in the 1st quarter. Monarch Partners Asset Management LLC now owns 282,782 shares of the software maker's stock valued at $4,980,000 after buying an additional 155,418 shares during the last quarter. Institutional investors own 75.17% of the company's stock.

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Insider Activity

In other news, insider Ian Burk sold 16,748 shares of Upland Software stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $11.21, for a total transaction of $187,745.08. Following the sale, the insider now directly owns 72,081 shares in the company, valued at approximately $808,028.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Upland Software news, CEO John T. Mcdonald bought 10,000 shares of the firm's stock in a transaction dated Monday, August 15th. The shares were acquired at an average cost of $11.22 per share, for a total transaction of $112,200.00. Following the transaction, the chief executive officer now owns 183,738 shares in the company, valued at $2,061,540.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ian Burk sold 16,748 shares of Upland Software stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $11.21, for a total transaction of $187,745.08. Following the sale, the insider now owns 72,081 shares in the company, valued at $808,028.01. The disclosure for this sale can be found here. In the last three months, insiders have acquired 60,000 shares of company stock worth $662,300. Corporate insiders own 7.70% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Truist Financial lowered their target price on shares of Upland Software from $30.00 to $20.00 in a research note on Friday, July 15th. Jefferies Financial Group lowered their target price on shares of Upland Software from $17.00 to $14.00 in a research note on Monday, May 23rd. Craig Hallum lowered their target price on shares of Upland Software from $22.00 to $13.00 in a research note on Thursday, August 4th. Canaccord Genuity Group lowered their target price on shares of Upland Software from $24.00 to $19.00 in a research note on Friday, August 5th. Finally, Raymond James decreased their price target on shares of Upland Software from $24.00 to $17.00 and set an "outperform" rating on the stock in a research report on Thursday, August 4th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $21.63.

Upland Software Stock Up 0.9 %

NASDAQ UPLD opened at $9.84 on Tuesday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.21 and a current ratio of 1.21. The company's fifty day moving average is $12.42 and its two-hundred day moving average is $14.52. Upland Software, Inc. has a 52-week low of $9.32 and a 52-week high of $39.59.

Upland Software (NASDAQ:UPLD – Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The software maker reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). Upland Software had a positive return on equity of 6.95% and a negative net margin of 18.57%. The company had revenue of $80.23 million during the quarter, compared to analyst estimates of $79.41 million. On average, sell-side analysts anticipate that Upland Software, Inc. will post 0.27 earnings per share for the current year.

About Upland Software

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Upland Software, Inc provides cloud-based enterprise work management software in the United States, the United Kingdom, Canada, and internationally. It offers a family of software applications under the Upland brand in the areas of marketing, sales, contact center, project management, information technology, business operations, and human resources and legal.

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Want to see what other hedge funds are holding UPLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Upland Software, Inc. (NASDAQ:UPLD – Get Rating).

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