Upland Software, Inc. (NASDAQ:UPLD) Director Timothy Mattox Sells 20,000 Shares

Upland Software, Inc. (NASDAQ:UPLD) Director Timothy Mattox sold 20,000 shares of Upland Software 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 sale, the director now owns 394,008 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Timothy Mattox also recently made the following trade(s):

• On Tuesday, December 17th, Timothy Mattox sold 2,768 shares of Upland Software stock. The shares were sold at an average price of $4.56, for a total transaction of $12,622.08.

Upland Software Trading Up 5.7 %

NASDAQ:UPLD opened at $3.51 on Thursday. The company has a fifty day moving average of $3.84 and a 200 day moving average of $3.39. Upland Software, Inc. has a 52 week low of $1.79 and a 52 week high of $5.64. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05. The firm has a market capitalization of $98.87 million, a P/E ratio of -0.78 and a beta of 1.40.

Institutional Investors Weigh In On Upland Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. bought a new stake in Upland Software during the 4th quarter valued at $87,000. Mackenzie Financial Corp raised its holdings in Upland Software by 355.8% during the 4th quarter. Mackenzie Financial Corp now owns 60,350 shares of the software maker’s stock valued at $262,000 after buying an additional 47,109 shares during the last quarter. Two Sigma Investments LP raised its holdings in Upland Software by 111.1% during the 4th quarter. Two Sigma Investments LP now owns 321,583 shares of the software maker’s stock valued at $1,396,000 after buying an additional 169,240 shares during the last quarter. Two Sigma Advisers LP raised its holdings in Upland Software by 106.8% during the 4th quarter. Two Sigma Advisers LP now owns 406,400 shares of the software maker’s stock valued at $1,764,000 after buying an additional 209,900 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new stake in Upland Software during the 4th quarter valued at $58,000. 77.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UPLD has been the subject of a number of recent research reports. Needham & Company LLC restated a “hold” rating on shares of Upland Software in a report on Thursday, March 13th. StockNews.com lowered shares of Upland Software from a “buy” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Upland Software currently has an average rating of “Moderate Buy” and a consensus target price of $3.75.

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.