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 report released 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 assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Upland Software has a consensus rating of “Moderate Buy” and a consensus price target of $3.75.

Upland Software Trading Up 1.8 %

NASDAQ:UPLD opened at $3.40 on Thursday. The company has a fifty day moving average of $3.79 and a 200 day moving average of $3.40. Upland Software has a 52 week low of $1.79 and a 52 week 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 firm has a market capitalization of $95.77 million, a P/E ratio of -0.75 and a beta of 1.40.

Insider Buying and Selling

In related news, Director Timothy Mattox sold 20,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $3.19, for a total transaction 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 can be accessed through this hyperlink. 11.30% of the stock is owned by company insiders.

Institutional Trading of Upland Software

Institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its holdings in shares of Upland Software by 30.0% in the third quarter. FMR LLC now owns 78,626 shares of the software maker’s stock worth $196,000 after buying an additional 18,134 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Upland Software in the third quarter worth approximately $31,000. Essential Planning LLC. purchased a new position in shares of Upland Software in the fourth quarter worth approximately $56,000. 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. Finally, Legato Capital Management LLC purchased a new position in shares of Upland Software in the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 77.78% of the company’s stock.

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.