Upland Software (NASDAQ:UPLD) Downgraded by StockNews.com to “Hold”

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

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

Upland Software Price Performance

NASDAQ UPLD opened at $3.40 on Thursday. Upland Software has a 12 month low of $1.79 and a 12 month high of $5.64. The stock has a market cap of $95.77 million, a price-to-earnings ratio of -0.75 and a beta of 1.40. The company’s 50 day moving average is $3.79 and its two-hundred day moving average is $3.40. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05.

Insider Activity at Upland Software

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of Upland Software stock in a transaction on Monday, March 17th. The shares were sold at an average price of $3.19, for a total transaction of $63,800.00. Following the completion of the transaction, the director now directly owns 394,008 shares of the company’s stock, valued at $1,256,885.52. The trade was a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.30% of the stock is currently owned by insiders.

Institutional Trading of Upland Software

Large investors have recently made changes to their positions in the stock. FMR LLC boosted its stake in shares of Upland Software by 30.0% during the third quarter. FMR LLC now owns 78,626 shares of the software maker’s stock valued at $196,000 after purchasing an additional 18,134 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Upland Software during the third quarter valued at $31,000. Essential Planning LLC. purchased a new stake in shares of Upland Software during the fourth quarter valued at $56,000. Rice Hall James & Associates LLC boosted its stake in shares of Upland Software by 63.7% during the fourth quarter. Rice Hall James & Associates LLC now owns 964,624 shares of the software maker’s stock valued at $4,186,000 after purchasing an additional 375,398 shares during the period. Finally, Legato Capital Management LLC bought a new stake in shares of Upland Software in the fourth quarter valued at about $44,000. 77.78% of the stock is owned by hedge funds and other institutional investors.

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.