Upland Software, Inc. (NASDAQ:UPLD) Shares Bought by Bank of America Corp DE

Bank of America Corp DE grew its holdings in Upland Software, Inc. (NASDAQ:UPLD) by 87.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,386 shares of the software maker’s stock after buying an additional 37,855 shares during the quarter. Bank of America Corp DE’s holdings in Upland Software were worth $353,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Legato Capital Management LLC purchased a new position in Upland Software during the fourth quarter worth $44,000. Rice Hall James & Associates LLC boosted its holdings in shares of Upland Software by 63.7% during the fourth quarter. Rice Hall James & Associates LLC now owns 964,624 shares of the software maker’s stock worth $4,186,000 after purchasing an additional 375,398 shares during the last quarter. WESPAC Advisors LLC acquired a new stake in shares of Upland Software during the fourth quarter worth $55,000. Essential Planning LLC. acquired a new stake in shares of Upland Software during the fourth quarter worth $56,000. Finally, Heron Bay Capital Management boosted its holdings in Upland Software by 22.9% in the fourth quarter. Heron Bay Capital Management now owns 96,963 shares of the software maker’s stock valued at $421,000 after acquiring an additional 18,057 shares during the last quarter. 77.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UPLD has been the subject of several research analyst reports. Wall Street Zen raised Upland Software from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 7th. Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a report on Tuesday, May 13th.

Insiders Place Their Bets

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $3.19, for a total transaction of $63,800.00. Following the completion of the transaction, the director now owns 394,008 shares in the company, valued at $1,256,885.52. This trade represents a 4.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 14.80% of the company’s stock.

Upland Software Price Performance

Shares of NASDAQ:UPLD opened at $1.79 on Friday. The stock has a fifty day moving average of $2.28 and a 200-day moving average of $3.35. The company has a market capitalization of $50.99 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. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99.

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.