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

Key Points

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Upland Software, Inc. (NASDAQ:UPLD - Get Free Report) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-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.

Analyst Ratings Changes

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

Upland Software Stock Performance

The company has a 50 day simple moving average of $2.01 and a two-hundred day simple moving average of $2.54. The company has a market cap of $85.16 million, a PE ratio of -1.66 and a beta of 1.18.

Hedge Funds Weigh In On Upland Software

Several institutional investors and hedge funds have recently bought and sold shares of the business. D. E. Shaw & Co. Inc. grew its stake in 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 valued at $5,647,000 after acquiring an additional 154,667 shares in the last quarter. Two Sigma Advisers LP increased its holdings in Upland Software by 106.8% in the fourth quarter. Two Sigma Advisers LP now owns 406,400 shares of the software maker's stock worth $1,764,000 after buying an additional 209,900 shares during the last quarter. Man Group plc increased its holdings in Upland Software by 33.5% in the fourth quarter. Man Group plc now owns 398,800 shares of the software maker's stock worth $1,731,000 after buying an additional 100,157 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Upland Software by 22.8% in the fourth quarter. Renaissance Technologies LLC now owns 358,808 shares of the software maker's stock worth $1,557,000 after buying an additional 66,684 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in Upland Software by 111.1% in the fourth quarter. Two Sigma Investments LP now owns 321,583 shares of the software maker's stock worth $1,396,000 after buying an additional 169,240 shares during the last quarter. Hedge funds and other institutional investors 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.