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

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

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

Upland Software Stock Performance

Shares of UPLD stock opened at $3.51 on Thursday. The firm’s 50 day moving average price is $3.84 and its 200-day moving average price is $3.39. 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 one year low of $1.79 and a one year high of $5.64. The firm has a market cap of $98.87 million, a P/E ratio of -0.78 and a beta of 1.40.

Insiders Place Their Bets

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $3.19, for a total value of $63,800.00. Following the sale, the director now directly owns 394,008 shares of the company’s stock, valued at approximately $1,256,885.52. This represents a 4.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 11.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Upland Software

Large investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Upland Software in the 3rd quarter valued at approximately $31,000. XTX Topco Ltd purchased a new position in shares of Upland Software in the 3rd quarter valued at $43,000. Legato Capital Management LLC purchased a new position in shares of Upland Software in the 4th quarter valued at $44,000. WESPAC Advisors LLC purchased a new position in shares of Upland Software in the 4th quarter valued at $55,000. Finally, Essential Planning LLC. purchased a new position in shares of Upland Software in the 4th quarter valued at $56,000. 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.