Upland Software (NASDAQ:UPLD) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Upland Software, Inc. (NASDAQ:UPLD)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.79 and traded as low as $4.73. Upland Software shares last traded at $4.88, with a volume of 31,974 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on UPLD shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Upland Software in a research report on Monday, June 29th. Needham & Company LLC restated a “buy” rating and issued a $10.00 price objective on shares of Upland Software in a research report on Tuesday, July 28th. Finally, Canaccord Genuity Group set a $15.00 price objective on shares of Upland Software in a research report on Thursday, July 2nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.50.

Upland Software Price Performance

The stock has a market cap of $14.44 million, a P/E ratio of -0.34 and a beta of 1.44. The firm’s fifty day moving average price is $4.86 and its two-hundred day moving average price is $6.79.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings data on Friday, August 14th. The software maker reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.27. Upland Software had a negative return on equity of 46.06% and a negative net margin of 18.50%.The company had revenue of $49.14 million during the quarter, compared to analyst estimates of $48.61 million.

Institutional Trading of Upland Software

Large investors have recently modified their holdings of the business. Squarepoint Ops LLC raised its stake in Upland Software by 34.7% in the fourth quarter. Squarepoint Ops LLC now owns 139,197 shares of the software maker’s stock valued at $199,000 after purchasing an additional 35,878 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Upland Software by 15.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 103,825 shares of the software maker’s stock valued at $148,000 after purchasing an additional 13,585 shares during the last quarter. Boston Partners purchased a new position in Upland Software in the 3rd quarter worth approximately $121,000. Russell Investments Group Ltd. grew its stake in Upland Software by 2,534.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 31,750 shares of the software maker’s stock worth $62,000 after buying an additional 30,545 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Upland Software in the 4th quarter worth $59,000. Institutional investors own 77.78% of the company’s stock.

Upland Software Company Profile

Upland Software, Inc is a provider of enterprise work management software delivered through a cloud-based, software-as-a-service model. The company offers a suite of integrated applications designed to help organizations plan, execute and measure work across various business functions including project management, marketing workflows, document automation and contract management.

Its flagship product lines include Upland PSA for professional services automation, Upland Bluebeam for digital collaboration in architecture and engineering workflows, Upland Qvidian for proposal automation, and Upland Pinpoint for customer communication management.