Upland Software (NASDAQ:UPLD) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Upland Software (NASDAQ:UPLD) from a buy rating to a hold rating in a research report sent to investors on Thursday.

Separately, Needham & Company LLC restated a “hold” rating on shares of Upland Software in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Upland Software has an average rating of “Moderate Buy” and an average target price of $3.75.

Upland Software Trading Up 1.8 %

NASDAQ UPLD opened at $3.40 on Thursday. The company has a market cap of $95.77 million, a price-to-earnings ratio of -0.75 and a beta of 1.40. Upland Software has a 52 week low of $1.79 and a 52 week high of $5.64. The business has a 50 day moving average price of $3.79 and a 200-day moving average price of $3.40. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05.

Insider Buying and Selling

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $3.19, for a total value of $63,800.00. Following the sale, the director now owns 394,008 shares in the company, valued at approximately $1,256,885.52. This represents a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Upland Software

Institutional investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Upland Software during the third quarter valued at approximately $31,000. XTX Topco Ltd purchased a new stake in Upland Software in the third quarter worth approximately $43,000. Legato Capital Management LLC purchased a new stake in Upland Software in the fourth quarter worth approximately $44,000. WESPAC Advisors LLC purchased a new stake in Upland Software in the fourth quarter worth approximately $55,000. Finally, Essential Planning LLC. purchased a new stake in Upland Software in the fourth quarter worth approximately $56,000. Hedge funds and other institutional investors own 77.78% of the company’s stock.

About Upland Software

Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.