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

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

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a research report on Thursday, March 13th. One equities 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 an average target price of $3.75.

Upland Software Stock Down 3.2 %

Shares of Upland Software stock opened at $3.02 on Friday. The stock has a market capitalization of $85.07 million, a price-to-earnings ratio of -0.67 and a beta of 1.40. Upland Software has a twelve month low of $1.79 and a twelve month high of $5.64. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05. The business’s 50 day simple moving average is $3.72 and its 200-day simple moving average is $3.44.

Insider Activity

In related news, Director Timothy Mattox sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was 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 in the company, valued at $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 available through this hyperlink. Corporate insiders own 11.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd bought a new stake in shares of Upland Software during the third quarter valued at about $31,000. XTX Topco Ltd acquired a new position in Upland Software during the 3rd quarter valued at about $43,000. Legato Capital Management LLC bought a new stake in shares of Upland Software during the 4th quarter worth about $44,000. WESPAC Advisors LLC acquired a new stake in shares of Upland Software in the 4th quarter worth approximately $55,000. Finally, Essential Planning LLC. bought a new position in shares of Upland Software in the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds 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.