Upland Software (NASDAQ:UPLD) Upgraded by Wall Street Zen to "Strong-Buy" Rating

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

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

Upland Software Price Performance

UPLD traded down $0.02 on Friday, reaching $1.96. 62,520 shares of the stock were exchanged, compared to its average volume of 209,273. The company's 50-day moving average price is $1.99 and its 200 day moving average price is $2.85. Upland Software has a fifty-two week low of $1.69 and a fifty-two week high of $5.64. The firm has a market capitalization of $55.82 million, a PE ratio of -1.13 and a beta of 1.16.

Institutional Investors Weigh In On Upland Software

Large investors have recently bought and sold shares of the company. Two Sigma Advisers LP boosted its holdings in shares of Upland Software by 106.8% during the 4th quarter. Two Sigma Advisers LP now owns 406,400 shares of the software maker's stock worth $1,764,000 after purchasing an additional 209,900 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Upland Software during the 4th quarter worth approximately $812,000. Two Sigma Investments LP boosted its holdings in shares of Upland Software by 111.1% during the 4th quarter. Two Sigma Investments LP now owns 321,583 shares of the software maker's stock worth $1,396,000 after purchasing an additional 169,240 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Upland Software by 13.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,301,061 shares of the software maker's stock worth $5,647,000 after purchasing an additional 154,667 shares during the last quarter. Finally, Inspire Advisors LLC acquired a new position in shares of Upland Software during the 1st quarter worth approximately $338,000. 77.78% of the stock is currently owned by hedge funds and other institutional investors.

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.