Upland Software (NASDAQ:UPLD) Stock Passes Above Fifty Day Moving Average - Time to Sell?

Key Points

• Upland Software's stock recently surpassed its fifty-day moving average, reaching a high of $2.64 during trading, compared to the moving average of $2.34.
• Analyst ratings for Upland Software are mixed, with Needham upgrading it to a "buy" with a price objective of $4.50, while Wall Street Zen downgraded it from "buy" to "hold."
• Insider trading activity includes CEO John T. Mcdonald selling 14,438 shares at an average price of $2.36, indicating a slight decrease in ownership.

Upland Software, Inc. (NASDAQ:UPLD - Get Free Report)'s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.34 and traded as high as $2.64. Upland Software shares last traded at $2.61, with a volume of 176,662 shares trading hands.

Analyst Ratings Changes

Several analysts have recently weighed in on UPLD shares. Needham & Company LLC upgraded Upland Software from a "hold" rating to a "buy" rating and set a $4.50 price objective for the company in a report on Thursday, August 21st. Wall Street Zen lowered Upland Software from a "buy" rating to a "hold" rating in a report on Sunday, August 31st. Finally, Craig Hallum raised Upland Software from a "hold" rating to a "buy" rating and set a $3.50 target price for the company in a report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $4.00.

Upland Software Price Performance

The firm has a market capitalization of $75.09 million, a PE ratio of -1.47 and a beta of 1.15. The firm has a fifty day moving average price of $2.34 and a 200 day moving average price of $2.34.

Insiders Place Their Bets

In related news, CEO John T. Mcdonald sold 14,438 shares of the company's stock in a transaction on 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. The trade was a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 14.80% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of UPLD. Jane Street Group LLC raised its position in Upland Software by 753.8% during the fourth quarter. Jane Street Group LLC now owns 112,689 shares of the software maker's stock valued at $489,000 after buying an additional 99,490 shares during the period. Bank of America Corp DE raised its position in Upland Software by 87.0% during the fourth quarter. Bank of America Corp DE now owns 81,386 shares of the software maker's stock valued at $353,000 after buying an additional 37,855 shares during the period. Millennium Management LLC raised its position in Upland Software by 54.1% during the fourth quarter. Millennium Management LLC now owns 106,364 shares of the software maker's stock valued at $462,000 after buying an additional 37,337 shares during the period. Two Sigma Advisers LP raised 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. Finally, Two Sigma Investments LP raised 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. 77.78% of the stock is owned by institutional investors and hedge funds.

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.

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