Upland Software, Inc. (NASDAQ:UPLD) Short Interest Down 50.7% in April

Upland Software, Inc. (NASDAQ:UPLD) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 223,400 shares, a decline of 50.7% from the March 31st total of 452,800 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily trading volume, of 173,400 shares, the short-interest ratio is presently 1.3 days.

Upland Software Stock Up 1.3 %

Shares of NASDAQ UPLD opened at $2.38 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05. Upland Software has a 52-week low of $1.79 and a 52-week high of $5.64. The firm has a market cap of $67.79 million, a price-to-earnings ratio of -0.53 and a beta of 1.30. The company’s 50-day simple moving average is $2.89 and its 200-day simple moving average is $3.43.

Insider Buying and Selling at Upland Software

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 completion of the sale, the director now directly owns 394,008 shares in the company, valued at approximately $1,256,885.52. This represents a 4.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 11.30% of the company’s stock.

Hedge Funds Weigh In On Upland Software

A number of institutional investors have recently added to or reduced their stakes in the stock. Legato Capital Management LLC purchased a new stake in shares of Upland Software in the 4th quarter valued at approximately $44,000. Rice Hall James & Associates LLC raised its holdings in Upland Software by 63.7% in the fourth quarter. Rice Hall James & Associates LLC now owns 964,624 shares of the software maker’s stock valued at $4,186,000 after acquiring an additional 375,398 shares in the last quarter. WESPAC Advisors LLC acquired a new stake in shares of Upland Software in the 4th quarter valued at $55,000. Essential Planning LLC. acquired a new position in shares of Upland Software during the 4th quarter worth about $56,000. Finally, Heron Bay Capital Management increased its stake in Upland Software by 22.9% in the fourth quarter. Heron Bay Capital Management now owns 96,963 shares of the software maker’s stock valued at $421,000 after purchasing an additional 18,057 shares during the last quarter. Hedge funds and other institutional investors own 77.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a research report on Thursday, March 13th. StockNews.com raised Upland Software from a “hold” rating to a “buy” rating in a report on Friday, April 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $3.75.

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.