Millennium Management LLC Buys 37,337 Shares of Upland Software, Inc. (NASDAQ:UPLD)

Millennium Management LLC raised its stake in shares of Upland Software, Inc. (NASDAQ:UPLD) by 54.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 106,364 shares of the software maker’s stock after purchasing an additional 37,337 shares during the period. Millennium Management LLC owned 0.39% of Upland Software worth $462,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Legato Capital Management LLC bought a new position in shares of Upland Software in the 4th quarter worth about $44,000. WESPAC Advisors LLC bought a new position in shares of Upland Software in the 4th quarter worth about $55,000. Essential Planning LLC. bought a new position in shares of Upland Software in the 4th quarter worth about $56,000. JPMorgan Chase & Co. bought a new position in shares of Upland Software in the 4th quarter worth about $61,000. Finally, Cresset Asset Management LLC bought a new position in shares of Upland Software in the 4th quarter worth about $87,000. 77.78% of the stock is owned by institutional investors.

Upland Software Stock Performance

Shares of UPLD opened at $1.83 on Tuesday. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a 50-day moving average of $2.32 and a 200-day moving average of $3.39. The company has a market cap of $52.13 million, a PE ratio of -0.40 and a beta of 1.19. Upland Software, Inc. has a one year low of $1.75 and a one year high of $5.64.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wall Street Zen raised Upland Software from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Needham & Company LLC restated a “hold” rating on shares of Upland Software in a research note on Tuesday, May 13th.

Insider Activity

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $3.19, for a total transaction of $63,800.00. Following the completion of the sale, the director now directly owns 394,008 shares of the company’s stock, valued at approximately $1,256,885.52. The trade was a 4.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.30% of the stock is currently owned by company insiders.

About Upland Software

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.