Austin Ventures is Buying Upland Software Inc. (NASDAQ:UPLD) Shares



In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Upland Software Inc. (NASDAQ:UPLD) reported that Austin Ventures X Lp. has picked up 1,309,550 of common stock as of 2017-06-20.

The acquisition brings the aggregate amount owned by Austin Ventures X Lp. to a total of 1,309,550 representing a 6.5% stake in the company.

For those not familiar with the company, Upland Software Inc. is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations. Its software applications serve a range of enterprise work management needs, from strategic planning to task execution. It services customers ranging from corporations and Government agencies to small- and medium-sized businesses. Its customers operate in a range of industries, including financial services, retail, technology, manufacturing, education, consumer goods, media, and telecommunications, Government, food and beverage, healthcare and life sciences, chemicals and travel and hospitality. The Company provides a family of cloud-based enterprise work management software applications under the Upland brand.

A glance at Upland Software Inc. (NASDAQ:UPLD)’s key stats reveals a current market capitalization of $463.37 Million based on $20.30 Million shares outstanding and a price at last close of $22.41 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-11-16, May picked up 10,000 at a purchase price of $8.59. This brings their total holding to 163,500 as of the date of the filing.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Upland Software Inc. (NASDAQ:UPLD) as things move forward to see if its progress aligns with these transactions.

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