Upland Software (NASDAQ:UPLD) Given “Hold” Rating at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Upland Software (NASDAQ:UPLD) in a research note published on Tuesday morning,Benzinga reports.

Separately, StockNews.com upgraded Upland Software from a “hold” rating to a “buy” rating in a research report on Friday, April 18th.

Upland Software Trading Down 3.2%

Shares of UPLD stock opened at $2.75 on Tuesday. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99. Upland Software has a 1 year low of $1.79 and a 1 year high of $5.64. The stock has a fifty day moving average of $2.66 and a two-hundred day moving average of $3.44. The firm has a market capitalization of $78.33 million, a PE ratio of -0.61 and a beta of 1.27.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Walleye Capital LLC acquired a new stake in shares of Upland Software in the fourth quarter valued at $498,000. Essential Planning LLC. acquired a new stake in shares of Upland Software in the fourth quarter valued at $56,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Upland Software in the fourth quarter valued at $812,000. Prudential Financial Inc. acquired a new stake in shares of Upland Software in the fourth quarter valued at $95,000. Finally, Rice Hall James & Associates LLC lifted its holdings in shares of 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 buying an additional 375,398 shares during the period. Institutional investors and hedge funds own 77.78% of the company’s stock.

Upland Software Company Profile

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.