Upland Software (NASDAQ:UPLD) Rating Increased to Buy at StockNews.com

Upland Software (NASDAQ:UPLD - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Friday.

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

Upland Software Trading Up 2.7 %

UPLD traded up $0.06 during mid-day trading on Friday, reaching $2.26. The stock had a trading volume of 99,949 shares, compared to its average volume of 338,907. The stock has a market capitalization of $63.66 million, a P/E ratio of -0.50 and a beta of 1.30. Upland Software has a 52 week low of $1.79 and a 52 week high of $5.64. 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's fifty day simple moving average is $3.07 and its two-hundred day simple moving average is $3.43.

Insider Activity

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the company'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 value of $63,800.00. Following the completion of the sale, the director now owns 394,008 shares of the company's stock, 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 the SEC website. 11.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Upland Software

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC grew its stake in Upland Software by 30.0% in the third 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 during the period. Essential Planning LLC. bought a new stake in Upland Software during the 4th quarter worth approximately $56,000. Arrowstreet Capital Limited Partnership acquired a new stake in Upland Software during the 4th quarter worth approximately $812,000. Prudential Financial Inc. bought a new position in Upland Software in the fourth quarter valued at approximately $95,000. Finally, Rice Hall James & Associates LLC increased its position in shares of Upland Software by 63.7% during the fourth quarter. Rice Hall James & Associates LLC now owns 964,624 shares of the software maker's stock worth $4,186,000 after acquiring an additional 375,398 shares in the last quarter. 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.