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

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

Separately, Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s 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 Performance

UPLD stock opened at $3.02 on Friday. Upland Software has a 12-month low of $1.79 and a 12-month high of $5.64. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05. The business has a 50 day moving average of $3.72 and a 200-day moving average of $3.43. The firm has a market cap of $85.07 million, a PE ratio of -0.67 and a beta of 1.40.

Insider Buying and Selling

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 transaction of $63,800.00. Following the completion of the transaction, the director now owns 394,008 shares of the company’s stock, valued at $1,256,885.52. This trade represents a 4.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Upland Software

A number of hedge funds have recently added to or reduced their stakes in UPLD. D. E. Shaw & Co. Inc. boosted its stake in shares of Upland Software by 13.5% in 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 buying an additional 154,667 shares during the last quarter. Rice Hall James & Associates LLC boosted its holdings in shares of Upland Software by 63.7% in the fourth quarter. Rice Hall James & Associates LLC now owns 964,624 shares of the software maker’s stock worth $4,186,000 after buying an additional 375,398 shares during the last quarter. Two Sigma Advisers LP grew its position in Upland Software by 106.8% during the fourth quarter. Two Sigma Advisers LP now owns 406,400 shares of the software maker’s stock valued at $1,764,000 after buying an additional 209,900 shares during the period. Man Group plc raised its position in Upland Software by 33.5% in the fourth quarter. Man Group plc now owns 398,800 shares of the software maker’s stock worth $1,731,000 after acquiring an additional 100,157 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Upland Software by 22.8% during the 4th quarter. Renaissance Technologies LLC now owns 358,808 shares of the software maker’s stock worth $1,557,000 after acquiring an additional 66,684 shares during the last quarter. 77.78% of the stock is currently 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.