Upland Software (NASDAQ:UPLD) Rating Increased to Buy at StockNews.com

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

Separately, Needham & Company LLC restated a “hold” rating on shares of Upland Software in a report on Thursday, March 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.75.

Upland Software Stock Down 2.7 %

Shares of UPLD stock opened at $2.19 on Friday. The business’s fifty day moving average is $3.15 and its 200-day moving average is $3.43. The stock has a market cap of $61.69 million, a PE ratio of -0.48 and a beta of 1.30. Upland Software has a 1 year low of $1.79 and a 1 year high of $5.64. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99.

Insider Activity

In other news, Director Timothy Mattox sold 20,000 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $3.19, for a total value of $63,800.00. Following the transaction, the director now owns 394,008 shares in the company, valued at $1,256,885.52. This represents a 4.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UPLD. XTX Topco Ltd acquired a new stake in shares of Upland Software during the 3rd quarter valued at $43,000. Legato Capital Management LLC purchased a new position in Upland Software in the fourth quarter valued at about $44,000. WESPAC Advisors LLC acquired a new position in Upland Software in the 4th quarter worth about $55,000. Essential Planning LLC. bought a new stake in Upland Software during the fourth quarter worth approximately $56,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in Upland Software during the 4th quarter valued at approximately $58,000. 77.78% of the stock is owned by hedge funds and other institutional investors.

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.