Upland Software (NASDAQ:UPLD) Share Price Passes Above Fifty Day Moving Average - What's Next?

Key Points

• Upland Software's shares have surpassed their 50-day moving average of $2.40, with the stock reaching a high of $2.42 during trading.
• Analysts have mixed opinions on Upland Software; Craig Hallum and Needham & Company upgraded the stock to "buy" with price targets of $3.50 and $4.50, while Weiss Ratings maintained a "sell" rating.
• Insider trading activity saw CEO John T. Mcdonald selling 14,438 shares for $34,073, reducing their ownership by 0.59%, while institutional investors hold 77.78% of the stock.

Shares of Upland Software, Inc. (NASDAQ:UPLD - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2.40 and traded as high as $2.42. Upland Software shares last traded at $2.31, with a volume of 61,474 shares traded.

Analyst Ratings Changes

UPLD has been the topic of a number of research reports. Craig Hallum upgraded Upland Software from a "hold" rating to a "buy" rating and set a $3.50 price objective on the stock in a research report on Friday, August 1st. Needham & Company LLC upgraded Upland Software from a "hold" rating to a "buy" rating and set a $4.50 price target on the stock in a research report on Thursday, August 21st. Wall Street Zen lowered Upland Software from a "buy" rating to a "hold" rating in a research report on Sunday, August 31st. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Upland Software in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $4.00.

Upland Software Price Performance

The firm has a fifty day moving average price of $2.40 and a 200-day moving average price of $2.29. The company has a market capitalization of $66.46 million, a P/E ratio of -1.30 and a beta of 1.14.

Insiders Place Their Bets

In other news, CEO John T. Mcdonald sold 14,438 shares of the firm's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $2.36, for a total transaction of $34,073.68. Following the transaction, the chief executive officer directly owned 2,452,125 shares of the company's stock, valued at approximately $5,787,015. This trade represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 14.80% of the stock is owned by insiders.

Institutional Trading of Upland Software

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its holdings in shares of Upland Software by 697.1% during the first quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker's stock valued at $34,000 after purchasing an additional 10,442 shares during the last quarter. Kathmere Capital Management LLC purchased a new position in shares of Upland Software during the first quarter valued at approximately $31,000. Mackenzie Financial Corp lifted its holdings in shares of Upland Software by 18.5% during the first quarter. Mackenzie Financial Corp now owns 71,523 shares of the software maker's stock valued at $205,000 after purchasing an additional 11,173 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of Upland Software by 63.5% during the second quarter. XTX Topco Ltd now owns 28,797 shares of the software maker's stock valued at $56,000 after purchasing an additional 11,187 shares during the last quarter. Finally, R Squared Ltd raised its holdings in Upland Software by 646.4% in the 1st quarter. R Squared Ltd now owns 13,510 shares of the software maker's stock worth $39,000 after acquiring an additional 11,700 shares during the last quarter. 77.78% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.