Wedge Capital Management LLP NC decreased its holdings in Upland Software, Inc. (NASDAQ:UPLD – Get Rating) by 0.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 338,495 shares of the software maker’s stock after selling 3,090 shares during the quarter. Wedge Capital Management LLP NC’s holdings in Upland Software were worth $2,752,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Amalgamated Bank purchased a new position in Upland Software during the 1st quarter worth approximately $83,000. Ensign Peak Advisors Inc purchased a new position in Upland Software during the 1st quarter worth approximately $87,000. SG Americas Securities LLC purchased a new position in Upland Software during the 2nd quarter worth approximately $158,000. Ergoteles LLC purchased a new position in Upland Software during the 1st quarter worth approximately $181,000. Finally, First Dallas Securities Inc. purchased a new position in Upland Software during the 1st quarter worth approximately $227,000. Institutional investors and hedge funds own 75.17% of the company’s stock.

Upland Software Trading Up 1.5 %

Shares of NASDAQ:UPLD opened at $7.21 on Thursday. The firm has a fifty day moving average of $7.42 and a two-hundred day moving average of $10.08. The firm has a market capitalization of $229.12 million, a P/E ratio of -4.22 and a beta of 0.74. Upland Software, Inc. has a 12-month low of $6.30 and a 12-month high of $21.62. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.66.

Insider Buying and Selling at Upland Software

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In related news, Director Stephen E. Courter sold 3,500 shares of Upland Software stock in a transaction on Wednesday, October 12th. The shares were sold at an average price of $7.37, for a total value of $25,795.00. Following the completion of the sale, the director now owns 35,364 shares of the company’s stock, valued at approximately $260,632.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 7.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equity analysts have weighed in on the stock. Truist Financial lowered their price objective on shares of Upland Software from $20.00 to $12.00 in a research report on Monday, November 7th. Credit Suisse Group began coverage on shares of Upland Software in a research report on Monday, November 21st. They set a “neutral” rating and a $8.00 price objective on the stock. Finally, StockNews.com raised shares of Upland Software from a “hold” rating to a “buy” rating in a research note on Monday, December 12th.

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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Institutional Ownership by Quarter for Upland Software (NASDAQ:UPLD)

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