Upland Software (NASDAQ:UPLD) Share Price Passes Above 50-Day Moving Average - Should You Sell?

Key Points

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Shares of Upland Software, Inc. (NASDAQ:UPLD - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1.94 and traded as high as $2.43. Upland Software shares last traded at $2.22, with a volume of 1,082,958 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on UPLD shares. Needham & Company LLC raised Upland Software from a "hold" rating to a "buy" rating and set a $4.50 price target for the company in a research note on Thursday. Wall Street Zen raised Upland Software from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Craig Hallum raised Upland Software from a "hold" rating to a "buy" rating and set a $3.50 price target for the company in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $4.00.

Upland Software Stock Up 12.5%

The stock has a market cap of $85.16 million, a price-to-earnings ratio of -1.66 and a beta of 1.18. The company has a 50 day simple moving average of $2.01 and a 200 day simple moving average of $2.52.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its holdings in shares of Upland Software by 697.1% during the 1st quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker's stock worth $34,000 after buying an additional 10,442 shares in the last quarter. Kathmere Capital Management LLC bought a new position in shares of Upland Software during the 1st quarter worth approximately $31,000. Mackenzie Financial Corp boosted its holdings in shares of Upland Software by 18.5% during the 1st quarter. Mackenzie Financial Corp now owns 71,523 shares of the software maker's stock worth $205,000 after buying an additional 11,173 shares in the last quarter. XTX Topco Ltd boosted its holdings in shares of Upland Software by 63.5% during the 2nd quarter. XTX Topco Ltd now owns 28,797 shares of the software maker's stock worth $56,000 after buying an additional 11,187 shares in the last quarter. Finally, R Squared Ltd boosted its holdings in shares of Upland Software by 646.4% during the 1st quarter. R Squared Ltd now owns 13,510 shares of the software maker's stock worth $39,000 after buying an additional 11,700 shares in the last quarter. Institutional investors and hedge funds own 77.78% of the company's stock.

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.