Upland Software (NASDAQ:UPLD - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Thursday.
Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of Upland Software in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $3.75.
View Our Latest Analysis on Upland Software
Upland Software Stock Performance
NASDAQ UPLD traded up $0.06 during mid-day trading on Thursday, reaching $3.40. 181,737 shares of the stock were exchanged, compared to its average volume of 340,665. The company has a market capitalization of $95.77 million, a P/E ratio of -0.75 and a beta of 1.40. 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 business's 50 day moving average is $3.79 and its 200-day moving average is $3.40. Upland Software has a 1 year low of $1.79 and a 1 year high of $5.64.
Insider Buying and Selling at Upland Software
In other news, Director Timothy Mattox sold 20,000 shares of the company's stock in a transaction 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 sale, the director now owns 394,008 shares of the company's stock, valued at $1,256,885.52. This represents a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.30% of the company's stock.
Hedge Funds Weigh In On Upland Software
A number of institutional investors and hedge funds have recently bought and sold shares of UPLD. D. E. Shaw & Co. Inc. raised its holdings in Upland Software by 13.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,301,061 shares of the software maker's stock valued at $5,647,000 after acquiring an additional 154,667 shares during the last quarter. Rice Hall James & Associates LLC increased its holdings in shares of Upland Software by 63.7% in the fourth quarter. Rice Hall James & Associates LLC now owns 964,624 shares of the software maker's stock valued at $4,186,000 after purchasing an additional 375,398 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of Upland Software by 106.8% in the fourth quarter. Two Sigma Advisers LP now owns 406,400 shares of the software maker's stock valued at $1,764,000 after purchasing an additional 209,900 shares during the last quarter. Man Group plc lifted its position in Upland Software by 33.5% during the fourth quarter. Man Group plc now owns 398,800 shares of the software maker's stock worth $1,731,000 after buying an additional 100,157 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Upland Software by 22.8% during the fourth quarter. Renaissance Technologies LLC now owns 358,808 shares of the software maker's stock worth $1,557,000 after buying an additional 66,684 shares during the last quarter. 77.78% of the stock is currently owned by institutional investors and hedge funds.
About Upland Software
(
Get Free Report)
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.
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