Rice Hall James & Associates LLC Purchases 375,398 Shares of Upland Software, Inc. (NASDAQ:UPLD)

Rice Hall James & Associates LLC boosted its position in shares of Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 63.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 964,624 shares of the software maker's stock after buying an additional 375,398 shares during the period. Rice Hall James & Associates LLC owned approximately 3.52% of Upland Software worth $4,186,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. raised its position in Upland Software by 21.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 255,617 shares of the software maker's stock valued at $636,000 after purchasing an additional 45,705 shares during the period. FMR LLC raised its position in Upland Software by 30.0% during the third quarter. FMR LLC now owns 78,626 shares of the software maker's stock valued at $196,000 after purchasing an additional 18,134 shares during the period. XTX Topco Ltd purchased a new stake in Upland Software during the third quarter valued at approximately $43,000. Dynamic Technology Lab Private Ltd purchased a new stake in Upland Software during the third quarter valued at approximately $31,000. Finally, First Heartland Consultants Inc. purchased a new stake in shares of Upland Software in the third quarter worth approximately $30,000. 77.78% of the stock is owned by institutional investors.

Upland Software Trading Down 8.5 %

Shares of NASDAQ UPLD traded down $0.38 during midday trading on Friday, hitting $4.09. The company's stock had a trading volume of 167,475 shares, compared to its average volume of 210,685. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05. The business's 50 day moving average is $4.31 and its two-hundred day moving average is $3.23. Upland Software, Inc. has a 12-month low of $1.79 and a 12-month high of $5.64. The firm has a market cap of $112.23 million, a P/E ratio of -0.90 and a beta of 1.28.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a "hold" rating on shares of Upland Software in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $3.75.

Upland Software 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.