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 published on Thursday.

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

Upland Software Trading Down 4.8 %

NASDAQ:UPLD opened at $3.34 on Thursday. The stock has a fifty day moving average price of $3.81 and a two-hundred day moving average price of $3.39. The stock has a market capitalization of $94.08 million, a price-to-earnings ratio of -0.74 and a beta of 1.40. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99. Upland Software has a 1 year low of $1.79 and a 1 year high of $5.64.

Insiders Place Their Bets

In related news, Director Timothy Mattox sold 20,000 shares of Upland Software stock in a transaction dated 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 sale, the director now owns 394,008 shares in the company, valued at approximately $1,256,885.52. This trade represents 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

Hedge funds and other institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Upland Software during the third quarter worth about $31,000. XTX Topco Ltd purchased a new stake in Upland Software in the 3rd quarter worth approximately $43,000. Legato Capital Management LLC purchased a new stake in shares of Upland Software in the fourth quarter valued at $44,000. WESPAC Advisors LLC purchased a new stake in shares of Upland Software in the fourth quarter valued at $55,000. Finally, Essential Planning LLC. purchased a new stake in shares of Upland Software in the fourth quarter valued at $56,000. 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.