Upland Software (NASDAQ:UPLD) Lowered to "Hold" Rating by StockNews.com

Upland Software (NASDAQ:UPLD - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Saturday.

Separately, Needham & Company LLC restated a "hold" rating on shares of Upland Software in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $3.75.

Upland Software Stock Down 0.7 %

Shares of NASDAQ UPLD traded down $0.02 during midday trading on Friday, hitting $2.95. The company's stock had a trading volume of 90,046 shares, compared to its average volume of 338,951. 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 firm has a market capitalization of $83.10 million, a price-to-earnings ratio of -0.65 and a beta of 1.30. The business's fifty day simple moving average is $3.66 and its two-hundred day simple moving average is $3.45. Upland Software has a 1 year low of $1.79 and a 1 year high of $5.64.

Insider Buying and Selling

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the business's 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 owns 394,008 shares in the company, valued at $1,256,885.52. The trade was a 4.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 11.30% of the company's stock.

Hedge Funds Weigh In On Upland Software

Institutional investors and hedge funds have recently modified their holdings of the company. Legato Capital Management LLC acquired a new stake in Upland Software in the fourth quarter valued at $44,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Upland Software in the 3rd quarter valued at about $31,000. WESPAC Advisors LLC acquired a new stake in shares of Upland Software during the 4th quarter worth about $55,000. Essential Planning LLC. purchased a new stake in Upland Software during the fourth quarter worth approximately $56,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in Upland Software during the fourth quarter worth approximately $58,000. 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.