Upland Software's (UPLD) Hold Rating Reiterated at Needham & Company LLC

Upland Software (NASDAQ:UPLD - Get Free Report)'s stock had its "hold" rating reiterated by equities researchers at Needham & Company LLC in a research report issued on Tuesday,Benzinga reports.

Separately, StockNews.com upgraded Upland Software from a "hold" rating to a "buy" rating in a research note on Friday, April 18th.

Upland Software Stock Performance

Shares of NASDAQ UPLD traded down $0.04 during mid-day trading on Tuesday, reaching $2.62. 83,712 shares of the company were exchanged, compared to its average volume of 221,298. The company's 50-day simple moving average is $2.66 and its 200-day simple moving average is $3.43. 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 stock has a market capitalization of $74.63 million, a P/E ratio of -0.58 and a beta of 1.27. Upland Software has a twelve month low of $1.79 and a twelve month high of $5.64.

Insider Activity

In related news, Director Timothy Mattox sold 20,000 shares of Upland Software stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $3.19, for a total transaction of $63,800.00. Following the sale, the director now directly owns 394,008 shares of the company's stock, valued at approximately $1,256,885.52. The trade was a 4.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 11.30% of the company's stock.

Institutional Investors Weigh In On Upland Software

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Walleye Capital LLC bought a new stake in shares of Upland Software during the 4th quarter valued at approximately $498,000. Algert Global LLC bought a new stake in shares of Upland Software during the 4th quarter valued at approximately $99,000. Essential Planning LLC. bought a new stake in shares of Upland Software during the 4th quarter valued at approximately $56,000. Prudential Financial Inc. bought a new stake in Upland Software during the 4th quarter worth approximately $95,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Upland Software during the 4th quarter worth approximately $812,000. 77.78% of the stock is owned by institutional investors.

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.