Here’s Why You Should Remain Positive on Your Upland Software (UPLD) Stake

Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. The portfolio rose 4.2% (gross) slightly underperforming the Russell 2000 Value’s advance of 4.3%, and somewhat less than the Russell 2500 Value’s gain of 6.3%. Industrials, the sector with the largest allocation at 35.2% of the portfolio, was the largest positive contributor to returns led by capital goods holdings. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Bernzott Capital Advisors US Small Cap Value, in its Q4 2021 investor letter, mentioned Upland Software, Inc. (NASDAQ: UPLD) and discussed its stance on the firm. Upland Software, Inc. is an Austin, Texas-based software company with a $572.9 million market capitalization. UPLD delivered a 4.63% return since the beginning of the year, while its 12-month returns are down by -63.20%. The stock closed at $18.77 per share on February 4, 2022.

Here is what Bernzott Capital Advisors US Small Cap Value has to say about Upland Software, Inc. in its Q4 2021 investor letter:

“Upland Software (UPLD): Changes to Upland’s sales and marketing approach caused a depleted sales pipeline, resulting in weaker organic growth which hurt the stock price. In time, sales effectiveness should be restored and improve. The company has continued to generate good free cash flow and is on target to hit its full-year objective. The stock price is below historical ranges, providing attractive upside as execution improves.”

Our calculations show that Upland Software, Inc. (NASDAQ: UPLD) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. UPLD was in 16 hedge fund portfolios at the end of the third quarter of 2021, compared to 19 funds in the previous quarter. Upland Software, Inc. (NASDAQ: UPLD) delivered a -28.74% return in the past 3 months.

In May 2021, we also shared another hedge fund’s views on UPLD in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.