Upland Software (NASDAQ:UPLD) Upgraded 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 research report issued to clients and investors on Sunday.

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

Upland Software Stock Up 0.5%

UPLD traded up $0.01 on Friday, reaching $1.95. 38,405 shares of the company traded hands, compared to its average volume of 210,135. Upland Software has a one year low of $1.69 and a one year high of $5.64. The firm has a fifty day simple moving average of $2.04 and a two-hundred day simple moving average of $2.89. The company has a market cap of $55.54 million, a P/E ratio of -1.12 and a beta of 1.16.

Institutional Trading of Upland Software

Several large investors have recently made changes to their positions in UPLD. Two Sigma Advisers LP grew its position in Upland Software by 106.8% during 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. Arrowstreet Capital Limited Partnership acquired a new stake in Upland Software during the fourth quarter valued at $812,000. Two Sigma Investments LP grew its position in Upland Software by 111.1% during the fourth quarter. Two Sigma Investments LP now owns 321,583 shares of the software maker's stock valued at $1,396,000 after buying an additional 169,240 shares during the period. D. E. Shaw & Co. Inc. grew 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 purchasing an additional 154,667 shares during the period. Finally, Inspire Advisors LLC acquired a new stake in shares of Upland Software in the first quarter valued at about $338,000. 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.