Tuesday, September 19, 2017 10:15 PM ET
Insider Sales at Upland Software (UPLD) Extends the Selling Trend of Last Quarter
There was a notable level of net share sales at Upland Software by insiders today, as reported in form 4 documents filed with the SEC. Two insiders — Michael Douglass Hill, Officer, and David May, Director — sold 47,349 shares in the company having a market value of approximately $1,012,998. In the past 90 days prior to this transaction there was one insider buy/sell transaction which resulted in the sale of 753,295 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 800,644 shares and have averaged 266,881 shares per transaction over this time period.
The number of buy-sell trades for Upland Software is close to that of the 62 member peer company average. The Enterprise Software peer group saw 176 buy/sell trades during this period for an average of 2.8 transactions per company. However, the number of shares per buy/sell trade transacted by Upland Software insiders is higher. Within the peer group there were 972,550 shares purchased and 7,724,830 shares sold with company insiders selling 38,365 shares on average.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data obtained to evaluate and write this story.
Today’s Insider Activity
* Michael Douglass Hill, Officer, sold 22,349 shares
* David May, Director, sold 25,000 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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