Assenagon Asset Management S.A. Sells 48,879 Shares of Upland Software, Inc. (NASDAQ:UPLD)

Assenagon Asset Management S.A. reduced its position in shares of Upland Software, Inc. (NASDAQ:UPLD) by 32.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,340 shares of the software maker’s stock after selling 48,879 shares during the period. Assenagon Asset Management S.A.’s holdings in Upland Software were worth $440,000 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. First Heartland Consultants Inc. bought a new stake in shares of Upland Software in the third quarter worth $30,000. Dynamic Technology Lab Private Ltd acquired a new stake in Upland Software during the 3rd quarter valued at approximately $31,000. XTX Topco Ltd acquired a new stake in shares of Upland Software during the third quarter worth $43,000. Mackenzie Financial Corp boosted its position in Upland Software by 74.6% during the second quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock valued at $75,000 after acquiring an additional 12,898 shares during the last quarter. Finally, FMR LLC grew its holdings in Upland Software by 30.0% during the 3rd quarter. FMR LLC now owns 78,626 shares of the software maker’s stock worth $196,000 after acquiring an additional 18,134 shares during the period. 77.78% of the stock is currently owned by institutional investors and hedge funds.

Upland Software Trading Up 5.4 %

UPLD opened at $4.30 on Friday. The company has a fifty day moving average price of $4.22 and a two-hundred day moving average price of $2.98. Upland Software, Inc. has a 1-year low of $1.79 and a 1-year high of $5.64. The company has a market cap of $118.00 million, a P/E ratio of -0.95 and a beta of 1.28. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05.

Upland Software (NASDAQ:UPLD) last issued its earnings results on Thursday, November 7th. The software maker reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. The business had revenue of $66.69 million during the quarter, compared to analyst estimates of $67.13 million. Upland Software had a positive return on equity of 50.06% and a negative net margin of 44.92%. During the same period in the previous year, the company posted $0.22 EPS. Analysts predict that Upland Software, Inc. will post 0.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC restated a “hold” rating on shares of Upland Software in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Upland Software has a consensus rating of “Moderate Buy” and an average price target 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.