Upland Software (NASDAQ:UPLD) Given Sell (D-) Rating at Weiss Ratings

Key Points

• Weiss Ratings has reissued a "sell (D-)" rating for Upland Software, indicating a negative outlook for the stock.
• Upland Software's stock currently has a consensus rating of "Hold" and an average price target of $4.00, with some analysts raising their ratings to "buy" recently.
• CEO John T. McDonald sold 14,438 shares of the company, decreasing his ownership by 0.59%, despite institutional investors holding a significant stake of 77.78% in the company.

Upland Software (NASDAQ:UPLD - Get Free Report)'s stock had its "sell (d-)" rating reissued by Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Other analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Upland Software from a "buy" rating to a "hold" rating in a research note on Sunday, August 31st. Craig Hallum raised shares of Upland Software from a "hold" rating to a "buy" rating and set a $3.50 price objective on the stock in a research note on Friday, August 1st. Finally, Needham & Company LLC raised shares of Upland Software from a "hold" rating to a "buy" rating and set a $4.50 price objective on the stock in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $4.00.

Upland Software Price Performance

Shares of Upland Software stock traded up $0.04 during trading on Friday, hitting $2.21. The company's stock had a trading volume of 75,823 shares, compared to its average volume of 125,830. Upland Software has a 52 week low of $1.69 and a 52 week high of $5.64. The stock has a market cap of $63.58 million, a price-to-earnings ratio of 2.75 and a beta of 1.14. The stock has a 50-day moving average price of $2.50 and a two-hundred day moving average price of $2.25.

Insider Buying and Selling

In other Upland Software news, CEO John T. Mcdonald sold 14,438 shares of the company's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $2.36, for a total transaction of $34,073.68. Following the sale, the chief executive officer owned 2,452,125 shares of the company's stock, valued at approximately $5,787,015. This represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 14.80% of the company's stock.

Institutional Trading of Upland Software

A number of institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in Upland Software by 697.1% during the first quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker's stock worth $34,000 after acquiring an additional 10,442 shares in the last quarter. Kathmere Capital Management LLC bought a new stake in Upland Software in the first quarter valued at $31,000. Mackenzie Financial Corp raised its holdings in shares of Upland Software by 18.5% during the first quarter. Mackenzie Financial Corp now owns 71,523 shares of the software maker's stock valued at $205,000 after purchasing an additional 11,173 shares during the period. XTX Topco Ltd boosted its position in shares of Upland Software by 63.5% during the 2nd quarter. XTX Topco Ltd now owns 28,797 shares of the software maker's stock worth $56,000 after purchasing an additional 11,187 shares in the last quarter. Finally, R Squared Ltd boosted its position in shares of Upland Software by 646.4% during the 1st quarter. R Squared Ltd now owns 13,510 shares of the software maker's stock worth $39,000 after purchasing an additional 11,700 shares in the last quarter. 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.

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