Significant Insider Selling Continues at Upland Software (UPLD)

Wednesday, November 22, 2017 10:15 PM ET

Significant Insider Selling Continues at Upland Software (UPLD)

One Upland Software insider John T McDonald, 10% Owner, Director and Officer, today, sold 67,500 shares having a market value of approximately $1,450,114, as disclosed in a form 4 document filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 167,652 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 235,152 shares and have averaged 58,788 shares per transaction over this time period.

In relation to the peer group over the last 90 days, insider buy/sell trading at Upland Software is above the 62-company peer group average. Enterprise Software peer group saw 175 buy/sell trades during this period for an average of 2.8 transactions per company. The number of shares per buy/sell trade for Upland Software insiders was also higher. Within the peer group there were 731,656 shares purchased and 7,238,195 shares sold with company insiders having sold 37,180 shares on average.

The data sourced in creating and writing in this story eliminates 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.

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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