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

Upland Software (NASDAQ:UPLD) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Saturday.

Separately, Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a report 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, Upland Software presently has an average rating of “Moderate Buy” and a consensus price target of $3.75.

Upland Software Stock Performance

Shares of UPLD opened at $3.02 on Friday. Upland Software has a one year low of $1.79 and a one year high of $5.64. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $85.07 million, a PE ratio of -0.67 and a beta of 1.40. The firm has a 50-day moving average of $3.72 and a 200-day moving average of $3.45.

Insider Buying and Selling

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $3.19, for a total value of $63,800.00. Following the transaction, the director now directly owns 394,008 shares of the company’s stock, valued at $1,256,885.52. This represents a 4.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 11.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Legato Capital Management LLC bought a new position in Upland Software in the 4th quarter valued at about $44,000. Dynamic Technology Lab Private Ltd bought a new position in Upland Software in the third quarter valued at approximately $31,000. WESPAC Advisors LLC acquired a new position in Upland Software during the fourth quarter valued at approximately $55,000. Essential Planning LLC. acquired a new position in Upland Software during the fourth quarter valued at approximately $56,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of Upland Software in the 4th quarter valued at $58,000. Institutional investors and hedge funds 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.