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

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

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

Upland Software Stock Performance

UPLD opened at $1.81 on Friday. The business's 50-day moving average price is $2.34 and its two-hundred day moving average price is $3.40. Upland Software has a 1 year low of $1.75 and a 1 year high of $5.64. The company has a market capitalization of $51.56 million, a price-to-earnings ratio of -0.40 and a beta of 1.27. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99.

Insider Activity at Upland Software

In related news, Director Timothy Mattox sold 20,000 shares of Upland Software 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 sale, the director now owns 394,008 shares of the company's stock, valued at approximately $1,256,885.52. The trade was a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.30% of the stock is owned by company insiders.

Institutional Trading of Upland Software

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. D. E. Shaw & Co. Inc. increased its position in shares of Upland Software by 13.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,301,061 shares of the software maker's stock valued at $5,647,000 after acquiring an additional 154,667 shares during the last quarter. Rice Hall James & Associates LLC increased its position 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 valued at $4,186,000 after acquiring an additional 375,398 shares during the last quarter. Two Sigma Advisers LP increased its position 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 acquiring an additional 209,900 shares during the last quarter. Man Group plc increased its position 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 acquiring an additional 100,157 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Upland Software by 22.8% in the fourth quarter. Renaissance Technologies LLC now owns 358,808 shares of the software maker's stock valued at $1,557,000 after acquiring an additional 66,684 shares during the last quarter. Institutional investors and hedge funds own 77.78% of the company's stock.

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.

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