Upland Software (NASDAQ:UPLD) Raised to Strong-Buy at Wall Street Zen

Upland Software (NASDAQ:UPLD - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Saturday.

Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of Upland Software in a research note on Tuesday, May 13th.

Upland Software Stock Performance

UPLD stock traded down $0.02 during midday trading on Friday, reaching $1.81. 162,181 shares of the company were exchanged, compared to its average volume of 216,809. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50-day moving average price of $2.30 and a two-hundred day moving average price of $3.38. Upland Software has a one year low of $1.75 and a one year high of $5.64. The firm has a market capitalization of $51.56 million, a price-to-earnings ratio of -0.40 and a beta of 1.19.

Insiders Place Their Bets

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the company's 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 transaction, the director now owns 394,008 shares of the company's stock, valued at $1,256,885.52. This represents a 4.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 11.30% of the company's stock.

Hedge Funds Weigh In On Upland Software

Institutional investors and hedge funds have recently bought and sold shares of the company. D. E. Shaw & Co. Inc. raised its stake in Upland Software by 13.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,301,061 shares of the software maker's stock worth $5,647,000 after buying an additional 154,667 shares during the last quarter. Rice Hall James & Associates LLC boosted its position in 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 purchasing an additional 375,398 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of Upland Software by 106.8% in the fourth quarter. Two Sigma Advisers LP now owns 406,400 shares of the software maker's stock valued at $1,764,000 after buying an additional 209,900 shares during the period. Man Group plc raised its stake in shares of Upland Software by 33.5% in the fourth quarter. Man Group plc now owns 398,800 shares of the software maker's stock valued at $1,731,000 after buying an additional 100,157 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Upland Software by 22.8% during the 4th quarter. Renaissance Technologies LLC now owns 358,808 shares of the software maker's stock valued at $1,557,000 after purchasing an additional 66,684 shares during the period. Institutional investors and hedge funds 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.