Wall Street analysts expect Upland Software Inc (NASDAQ:UPLD) to post $48.23 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Upland Software’s earnings, with the highest sales estimate coming in at $48.49 million and the lowest estimate coming in at $47.90 million. Upland Software posted sales of $31.62 million in the same quarter last year, which suggests a positive year-over-year growth rate of 52.5%. The firm is expected to announce its next earnings report on Wednesday, May 8th.
On average, analysts expect that Upland Software will report full year sales of $196.48 million for the current year, with estimates ranging from $194.90 million to $197.33 million. For the next financial year, analysts expect that the company will report sales of $206.43 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Upland Software.
Upland Software (NASDAQ:UPLD) last issued its earnings results on Thursday, March 7th. The software maker reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.19. Upland Software had a positive return on equity of 25.28% and a negative net margin of 6.64%. The firm had revenue of $45.18 million during the quarter, compared to the consensus estimate of $43.17 million.
In related news, CFO Michael Douglass Hill sold 41,431 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $41.31, for a total value of $1,711,514.61. Following the sale, the chief financial officer now directly owns 304,435 shares in the company, valued at $12,576,209.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Timothy Mattox sold 28,196 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $40.27, for a total value of $1,135,452.92. Following the completion of the sale, the chief operating officer now owns 509,230 shares in the company, valued at $20,506,692.10. The disclosure for this sale can be found here. Insiders sold 82,431 shares of company stock valued at $3,359,128 in the last ninety days. 14.70% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc boosted its holdings in shares of Upland Software by 26.6% during the 4th quarter. Legal & General Group Plc now owns 2,959 shares of the software maker’s stock worth $81,000 after buying an additional 622 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Upland Software by 3.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 22,658 shares of the software maker’s stock worth $616,000 after purchasing an additional 700 shares in the last quarter. Hodges Capital Management Inc. lifted its holdings in shares of Upland Software by 1.5% in the 1st quarter. Hodges Capital Management Inc. now owns 73,097 shares of the software maker’s stock worth $3,096,000 after purchasing an additional 1,100 shares in the last quarter. Evanson Asset Management LLC lifted its holdings in shares of Upland Software by 18.4% in the 4th quarter. Evanson Asset Management LLC now owns 10,887 shares of the software maker’s stock worth $296,000 after purchasing an additional 1,690 shares in the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of Upland Software by 7.6% in the 3rd quarter. Teachers Advisors LLC now owns 31,777 shares of the software maker’s stock worth $1,027,000 after purchasing an additional 2,249 shares in the last quarter. Institutional investors and hedge funds own 69.77% of the company’s stock.
Upland Software stock opened at $40.03 on Monday. Upland Software has a 1 year low of $25.12 and a 1 year high of $43.73. The company has a debt-to-equity ratio of 3.14, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $860.44 million, a PE ratio of 33.92, a PEG ratio of 1.53 and a beta of 0.66.
About Upland Software
Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.
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