Upland Software (NASDAQ:UPLD) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Upland Software, Inc. (NASDAQ:UPLD) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.32 and traded as low as $3.04. Upland Software shares last traded at $3.07, with a volume of 178,436 shares traded.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $3.75.

Upland Software Stock Performance

The firm’s 50 day moving average price is $4.19 and its 200-day moving average price is $3.32. 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 firm has a market capitalization of $84.24 million, a PE ratio of -0.68 and a beta of 1.28.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. FMR LLC raised its position in shares of Upland Software by 30.0% during the 3rd quarter. FMR LLC now owns 78,626 shares of the software maker’s stock worth $196,000 after purchasing an additional 18,134 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Upland Software during the 3rd quarter worth about $31,000. Rice Hall James & Associates LLC raised 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 worth $4,186,000 after purchasing an additional 375,398 shares during the last quarter. Legato Capital Management LLC acquired a new position in shares of Upland Software during the 4th quarter worth about $44,000. Finally, XTX Topco Ltd acquired a new position in shares of Upland Software during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 77.78% of the company’s stock.

About Upland Software

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.