StockNews.com Downgrades Upland Software (NASDAQ:UPLD) to Hold

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

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

Upland Software Stock Performance

Shares of UPLD stock opened at $3.02 on Friday. The stock’s 50-day moving average is $3.72 and its two-hundred day moving average is $3.43. Upland Software has a fifty-two week low of $1.79 and a fifty-two week high of $5.64. The firm has a market cap of $85.07 million, a P/E ratio of -0.67 and a beta of 1.40. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99.

Insider Transactions at Upland Software

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the 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 completion of the sale, the director now directly owns 394,008 shares in the company, valued at $1,256,885.52. This represents a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.30% of the company’s stock.

Institutional Trading of Upland Software

A number of institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new position in Upland Software during the third quarter worth about $31,000. FMR LLC increased its stake in Upland Software by 30.0% in the third quarter. FMR LLC now owns 78,626 shares of the software maker’s stock valued at $196,000 after acquiring an additional 18,134 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Upland Software by 21.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 255,617 shares of the software maker’s stock worth $636,000 after buying an additional 45,705 shares in the last quarter. XTX Topco Ltd acquired a new position in Upland Software during the third quarter worth about $43,000. Finally, Legato Capital Management LLC bought a new position in Upland Software in the 4th quarter valued at approximately $44,000. 77.78% of the stock is currently owned by 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.