Insider Selling: Upland Software, Inc. (NASDAQ:UPLD) Director Sells 20,000 Shares of Stock

Upland Software, Inc. (NASDAQ:UPLD - Get Free Report) Director Timothy Mattox sold 20,000 shares of Upland Software stock in a transaction that occurred on Monday, March 17th. The shares were 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Timothy Mattox also recently made the following trade(s):

• On Tuesday, December 17th, Timothy Mattox sold 2,768 shares of Upland Software stock. The shares were sold at an average price of $4.56, for a total transaction of $12,622.08.

Upland Software Stock Performance

UPLD stock traded up $0.08 on Friday, reaching $3.42. 81,861 shares of the company were exchanged, compared to its average volume of 339,052. Upland Software, Inc. has a 12 month low of $1.79 and a 12 month 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 stock's fifty day moving average price is $3.81 and its 200 day moving average price is $3.39. The firm has a market capitalization of $96.19 million, a PE ratio of -0.75 and a beta of 1.40.

Institutional Investors Weigh In On Upland Software

A number of institutional investors have recently bought and sold shares of UPLD. Dynamic Technology Lab Private Ltd acquired a new stake in Upland Software during the third quarter worth $31,000. XTX Topco Ltd acquired a new stake in Upland Software during the third quarter worth $43,000. Legato Capital Management LLC acquired a new stake in Upland Software during the fourth quarter worth $44,000. WESPAC Advisors LLC acquired a new stake in Upland Software during the fourth quarter worth $55,000. Finally, Essential Planning LLC. acquired a new stake in Upland Software during the fourth quarter worth $56,000. Institutional investors and hedge funds own 77.78% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have recently commented on UPLD. StockNews.com lowered shares of Upland Software from a "buy" rating to a "hold" rating in a research report on Thursday. Needham & Company LLC reaffirmed a "hold" rating on shares of Upland Software in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Upland Software presently has a consensus rating of "Moderate Buy" and an average price target 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.