Upland Software (NASDAQ:UPLD) Downgraded to “Hold” Rating by StockNews.com

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

Separately, Needham & Company LLC restated a “hold” rating on shares of Upland Software in a research report on Thursday, March 13th. One investment 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. Based on data from MarketBeat.com, Upland Software presently has an average rating of “Moderate Buy” and a consensus price target of $3.75.

Upland Software Stock Up 1.8 %

Shares of UPLD stock opened at $3.40 on Thursday. The company has a market capitalization of $95.77 million, a price-to-earnings ratio of -0.75 and a beta of 1.40. Upland Software has a one year low of $1.79 and a one year high of $5.64. The company’s fifty day moving average price is $3.79 and its 200-day moving average price is $3.40. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99.

Insider Activity at Upland Software

In other news, Director Timothy Mattox sold 20,000 shares of the business’s stock in a transaction dated 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. The trade was a 4.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Upland Software

Several large investors have recently modified their holdings of UPLD. Rice Hall James & Associates LLC raised its stake in shares of Upland Software by 63.7% during the 4th quarter. Rice Hall James & Associates LLC now owns 964,624 shares of the software maker’s stock worth $4,186,000 after acquiring an additional 375,398 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of Upland Software by 106.8% during the 4th quarter. Two Sigma Advisers LP now owns 406,400 shares of the software maker’s stock worth $1,764,000 after acquiring an additional 209,900 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Upland Software during the 4th quarter worth approximately $812,000. Two Sigma Investments LP raised its stake in shares of Upland Software by 111.1% during the 4th quarter. Two Sigma Investments LP now owns 321,583 shares of the software maker’s stock worth $1,396,000 after acquiring an additional 169,240 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in shares of Upland Software by 13.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,301,061 shares of the software maker’s stock worth $5,647,000 after acquiring an additional 154,667 shares in the last quarter. Institutional investors 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.