Upland Software (NASDAQ:UPLD) Rating Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of Upland Software (NASDAQ:UPLD) from a buy rating to a hold rating in a research note released on Saturday.

Separately, Needham & Company LLC restated a “hold” rating on shares of Upland Software in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Upland Software presently has an average rating of “Moderate Buy” and a consensus target price of $3.75.

Upland Software Price Performance

Shares of UPLD stock opened at $2.86 on Friday. The firm has a market cap of $80.56 million, a price-to-earnings ratio of -0.63 and a beta of 1.40. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05. Upland Software has a 12 month low of $1.79 and a 12 month high of $5.64. The stock has a 50-day moving average price of $3.70 and a 200 day moving average price of $3.45.

Insider Activity

In related news, Director Timothy Mattox sold 20,000 shares of the business’s stock in a transaction 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 sale, the director now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Legato Capital Management LLC bought a new position in shares of Upland Software in the fourth quarter valued at $44,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Upland Software during the third quarter worth approximately $31,000. WESPAC Advisors LLC bought a new stake in shares of Upland Software in the fourth quarter valued at about $55,000. Essential Planning LLC. bought a new position in shares of Upland Software during the fourth quarter worth approximately $56,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Upland Software during the 4th quarter valued at $58,000. 77.78% of the stock is currently owned by institutional investors.

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.