StockNews.com Downgrades Upland Software (NASDAQ:UPLD) to Hold

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

Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of Upland Software in a report on Thursday, March 13th. One equities 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 issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $3.75.

Upland Software Price Performance

Shares of UPLD stock traded down $0.03 during trading hours on Friday, hitting $2.84. The company had a trading volume of 58,002 shares, compared to its average volume of 337,645. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $79.86 million, a price-to-earnings ratio of -0.63 and a beta of 1.40. Upland Software has a 12 month low of $1.79 and a 12 month high of $5.64. The firm's fifty day moving average is $3.70 and its 200 day moving average is $3.45.

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Insider Buying and Selling at Upland Software

In other news, Director Timothy Mattox sold 20,000 shares of the 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 sale, the director now owns 394,008 shares in the company, valued at approximately $1,256,885.52. This represents a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its position in Upland Software by 30.0% in the 3rd quarter. FMR LLC now owns 78,626 shares of the software maker's stock valued at $196,000 after acquiring an additional 18,134 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Upland Software in the third quarter valued at approximately $31,000. Essential Planning LLC. acquired a new position in Upland Software during the 4th quarter worth $56,000. Rice Hall James & Associates LLC lifted its holdings in Upland Software by 63.7% during the 4th quarter. Rice Hall James & Associates LLC now owns 964,624 shares of the software maker's stock worth $4,186,000 after buying an additional 375,398 shares in the last quarter. Finally, Legato Capital Management LLC bought a new position in Upland Software in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 77.78% of the company's stock.

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.