Inspire Advisors LLC Makes New Investment in Upland Software, Inc. (NASDAQ:UPLD)

Key Points

• Inspire Advisors LLC has invested $338,000 in Upland Software, acquiring 118,176 shares, representing 0.41% of the company.
• Upland Software's stock is currently priced at $2.50, with a market capitalization of $71.20 million and a one-year trading range between $1.69 and $5.64.
• Recent analyst ratings have improved, with Wall Street Zen upgrading Upland Software from a "buy" to a "strong-buy" rating.

Inspire Advisors LLC purchased a new stake in shares of Upland Software, Inc. (NASDAQ:UPLD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 118,176 shares of the software maker's stock, valued at approximately $338,000. Inspire Advisors LLC owned 0.41% of Upland Software at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kathmere Capital Management LLC purchased a new stake in Upland Software in the first quarter worth about $31,000. Sherbrooke Park Advisers LLC purchased a new stake in Upland Software in the fourth quarter worth about $58,000. JPMorgan Chase & Co. purchased a new stake in Upland Software in the fourth quarter worth about $61,000. Cresset Asset Management LLC purchased a new stake in Upland Software in the fourth quarter worth about $87,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Upland Software in the fourth quarter worth about $87,000. Hedge funds and other institutional investors own 77.78% of the company's stock.

Upland Software Price Performance

Upland Software stock traded up $0.23 during midday trading on Friday, reaching $2.28. 361,979 shares of the company traded hands, compared to its average volume of 171,114. The firm has a market capitalization of $64.93 million, a price-to-earnings ratio of -1.30 and a beta of 1.16. The business has a 50 day moving average of $1.95 and a two-hundred day moving average of $2.76. Upland Software, Inc. has a 12 month low of $1.69 and a 12 month high of $5.64.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Craig Hallum upgraded shares of Upland Software from a "hold" rating to a "buy" rating and set a $3.50 price target on the stock in a report on Friday. Needham & Company LLC reiterated a "hold" rating on shares of Upland Software in a report on Tuesday, May 13th. Finally, Wall Street Zen upgraded shares of Upland Software from a "buy" rating to a "strong-buy" rating in a report on Sunday, July 20th.

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.