Upland Software (NASDAQ:UPLD) Lowered to Hold Rating by StockNews.com

Upland Software (NASDAQ:UPLD) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Separately, Needham & Company LLC reiterated 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, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Upland Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

Upland Software Stock Up 5.7 %

Shares of NASDAQ:UPLD opened at $3.51 on Thursday. The stock has a market cap of $98.87 million, a P/E ratio of -0.78 and a beta of 1.40. The firm has a fifty day moving average price of $3.84 and a 200 day moving average price of $3.39. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99. Upland Software has a 1-year low of $1.79 and a 1-year high of $5.64.

Insider Buying and Selling

In other news, Director Timothy Mattox sold 20,000 shares of the firm’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 completion of the sale, the director now owns 394,008 shares in the company, valued at approximately $1,256,885.52. This trade represents a 4.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.30% of the stock is owned by company insiders.

Institutional Trading of Upland Software

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Upland Software in the third quarter valued at about $31,000. XTX Topco Ltd acquired a new stake in shares of Upland Software in the third quarter valued at about $43,000. Legato Capital Management LLC acquired a new stake in shares of Upland Software in the fourth quarter valued at about $44,000. WESPAC Advisors LLC acquired a new stake in shares of Upland Software in the fourth quarter valued at about $55,000. Finally, Essential Planning LLC. acquired a new stake in shares of Upland Software in the fourth quarter valued at about $56,000. Institutional investors and hedge funds own 77.78% of the company’s stock.

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.