Upland Software (NASDAQ:UPLD) Stock Passes Below 50-Day Moving Average of $2.98

Shares of Upland Software, Inc. (NASDAQ:UPLD) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.98 and traded as low as $2.17. Upland Software shares last traded at $2.27, with a volume of 157,699 shares traded.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Upland Software from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd.

Upland Software Price Performance

The stock has a fifty day moving average of $2.98 and a two-hundred day moving average of $3.82. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 3.75.

Hedge Funds Weigh In On Upland Software

A number of institutional investors and hedge funds have recently made changes to their positions in UPLD. Mackenzie Financial Corp bought a new position in shares of Upland Software during the 3rd quarter worth about $54,000. NBC Securities Inc. bought a new position in Upland Software in the 3rd quarter valued at about $209,000. Victory Capital Management Inc. bought a new position in Upland Software in the 3rd quarter valued at about $1,098,000. Assenagon Asset Management S.A. lifted its position in Upland Software by 13.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 580,043 shares of the software maker’s stock valued at $2,680,000 after acquiring an additional 67,331 shares in the last quarter. Finally, Barclays PLC lifted its position in Upland Software by 100.3% in the 3rd quarter. Barclays PLC now owns 70,663 shares of the software maker’s stock valued at $326,000 after acquiring an additional 35,378 shares in the last quarter. Institutional investors 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.