Jane Street Group LLC Purchases 99,490 Shares of Upland Software, Inc. (NASDAQ:UPLD)

Jane Street Group LLC grew its holdings in Upland Software, Inc. (NASDAQ:UPLD) by 753.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 112,689 shares of the software maker’s stock after purchasing an additional 99,490 shares during the quarter. Jane Street Group LLC’s holdings in Upland Software were worth $489,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Legato Capital Management LLC bought a new stake in shares of Upland Software during the fourth quarter worth approximately $44,000. WESPAC Advisors LLC acquired a new stake in Upland Software during the 4th quarter worth $55,000. Essential Planning LLC. acquired a new stake in Upland Software during the 4th quarter worth $56,000. JPMorgan Chase & Co. bought a new stake in shares of Upland Software during the 4th quarter valued at $61,000. Finally, Heron Bay Capital Management raised its position in shares of Upland Software by 22.9% during the 4th 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. Institutional investors own 77.78% of the company’s stock.

Upland Software Stock Performance

Shares of NASDAQ:UPLD opened at $2.16 on Friday. The firm’s 50 day simple moving average is $2.48 and its 200 day simple moving average is $3.44. Upland Software, Inc. has a fifty-two week low of $1.79 and a fifty-two week high of $5.64. The company has a market capitalization of $61.53 million, a price-to-earnings ratio of -0.48 and a beta of 1.27. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99.

Insider Buying and Selling at Upland Software

In other news, Director Timothy Mattox sold 20,000 shares of Upland Software stock in a transaction on Monday, March 17th. The shares were sold at an average price of $3.19, for a total transaction of $63,800.00. Following the transaction, the director now directly owns 394,008 shares of the company’s stock, 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 SEC, which is available through this hyperlink. Insiders own 11.30% of the company’s stock.

Wall Street Analysts Forecast Growth

UPLD has been the topic of several recent research reports. Wall Street Zen lowered Upland Software from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a research note on Tuesday, May 13th.

Upland Software 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.