Upland Software, Inc. (NASDAQ:UPLD) Short Interest Down 34.6% in March

Upland Software, Inc. (NASDAQ:UPLD - Get Free Report) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 476,700 shares, a decline of 34.6% from the February 28th total of 728,400 shares. Based on an average daily volume of 244,100 shares, the short-interest ratio is currently 2.0 days. Currently, 2.3% of the shares of the stock are short sold.

Insider Transactions at Upland Software

In related news, Director Timothy Mattox sold 20,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 394,008 shares in the company, valued at approximately $1,256,885.52. The trade was a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.30% of the company's stock.

Institutional Trading of Upland Software

Hedge funds have recently made changes to their positions in the company. Legato Capital Management LLC purchased a new stake in shares of Upland Software during the 4th quarter valued at approximately $44,000. Dynamic Technology Lab Private Ltd acquired a new stake in Upland Software during the third quarter worth $31,000. WESPAC Advisors LLC purchased a new stake in Upland Software in the fourth quarter valued at $55,000. Essential Planning LLC. acquired a new position in shares of Upland Software in the 4th quarter valued at $56,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of Upland Software during the 4th quarter worth about $58,000. Hedge funds and other institutional investors own 77.78% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UPLD. Needham & Company LLC reissued a "hold" rating on shares of Upland Software in a research note on Thursday, March 13th. StockNews.com lowered shares of Upland Software from a "buy" rating to a "hold" rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $3.75.

Upland Software Trading Down 5.3 %

Shares of UPLD stock traded down $0.16 on Monday, hitting $2.86. 167,789 shares of the stock traded hands, compared to its average volume of 338,756. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99. Upland Software has a twelve month low of $1.79 and a twelve month high of $5.64. The firm's 50-day moving average price is $3.72 and its two-hundred day moving average price is $3.45. The stock has a market capitalization of $80.56 million, a PE ratio of -0.63 and a beta of 1.40.

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.