Wednesday, January 10, 2018 10:15 PM ET
Significant Insider Selling Continues at Upland Software (UPLD)
A SEC filing today disclosed a notable insider sale of Upland Software shares as — John T McDonald, 10% Owner, Director and Officer — sold 67,500 shares in the company having a market value of approximately $1,500,317. 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 2,277,028 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,344,528 shares and have averaged 586,132 shares per transaction over this time period.
The level of buy/sell trading at Upland Software is is above the 64 peer company average over the last 90-day period. The Enterprise Software peer group saw 156 buy/sell trades during this period for an average of 2.4 transactions per company. The number of shares per buy/sell trade for Upland Software insiders was also higher. Within the peer group there were 1,441,965 shares purchased and 7,724,892 shares sold with company insiders disposing of 40,275 shares on average.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to compose and write this story.
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