Upland Software (NASDAQ:UPLD) Lowered to Buy Rating by Wall Street Zen

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

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

Upland Software Stock Performance

Shares of UPLD traded down $0.05 during midday trading on Thursday, reaching $2.20. 90,585 shares of the stock were exchanged, compared to its average volume of 218,482. Upland Software has a twelve month low of $1.79 and a twelve month high of $5.64. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05. The company has a market cap of $62.52 million, a P/E ratio of -0.49 and a beta of 1.27. The stock's 50 day simple moving average is $2.55 and its 200 day simple moving average is $3.46.

Insider Activity at Upland Software

In related news, Director Timothy Mattox sold 20,000 shares of the business'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. The trade was a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Walleye Capital LLC acquired a new position in Upland Software in the fourth quarter valued at about $498,000. Cresset Asset Management LLC acquired a new position in Upland Software in the fourth quarter valued at about $87,000. Algert Global LLC acquired a new position in Upland Software in the fourth quarter valued at about $99,000. Essential Planning LLC. acquired a new position in Upland Software in the fourth quarter valued at about $56,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Upland Software in the fourth quarter valued at about $812,000. 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.