Upland Software, Inc. (NASDAQ:UPLD) Short Interest Down 34.6% in March

Upland Software, Inc. (NASDAQ:UPLD) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 476,700 shares, a decrease of 34.6% from the February 28th total of 728,400 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily volume of 244,100 shares, the days-to-cover ratio is currently 2.0 days.

Analyst Upgrades and Downgrades

A number of research firms have commented on UPLD. StockNews.com cut Upland Software from a “buy” rating to a “hold” rating in a report on Saturday. Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3.75.

Insiders Place Their Bets

In related news, Director Timothy Mattox sold 20,000 shares of Upland Software stock in a transaction on Monday, March 17th. The shares were sold at an average price of $3.19, for a total transaction of $63,800.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 11.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. D. E. Shaw & Co. Inc. boosted its stake in Upland Software by 13.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,301,061 shares of the software maker’s stock valued at $5,647,000 after buying an additional 154,667 shares during the last quarter. Rice Hall James & Associates LLC boosted its position 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 valued at $4,186,000 after acquiring an additional 375,398 shares during the last quarter. Two Sigma Advisers LP increased its position in Upland Software by 106.8% in the fourth quarter. Two Sigma Advisers LP now owns 406,400 shares of the software maker’s stock worth $1,764,000 after purchasing an additional 209,900 shares during the last quarter. Man Group plc raised its stake in Upland Software by 33.5% during the fourth quarter. Man Group plc now owns 398,800 shares of the software maker’s stock valued at $1,731,000 after purchasing an additional 100,157 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Upland Software by 22.8% during the fourth quarter. Renaissance Technologies LLC now owns 358,808 shares of the software maker’s stock valued at $1,557,000 after purchasing an additional 66,684 shares during the last quarter. Hedge funds and other institutional investors own 77.78% of the company’s stock.

Upland Software Stock Performance

UPLD opened at $3.02 on Friday. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $85.07 million, a price-to-earnings ratio of -0.67 and a beta of 1.40. The company has a fifty day moving average of $3.72 and a 200 day moving average of $3.44. Upland Software has a fifty-two week low of $1.79 and a fifty-two week high of $5.64.

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.