Upland Software (NASDAQ:UPLD - Get Free Report)'s stock had its "hold" rating reissued by equities researchers at Needham & Company LLC in a research report issued to clients and investors on Tuesday,Benzinga reports.
Separately, StockNews.com raised shares of Upland Software from a "hold" rating to a "buy" rating in a research report on Friday, April 18th.
Read Our Latest Research Report on UPLD
Upland Software Stock Down 1.5%
Upland Software stock traded down $0.04 during mid-day trading on Tuesday, hitting $2.62. The company had a trading volume of 83,712 shares, compared to its average volume of 221,512. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05. Upland Software has a 1 year low of $1.79 and a 1 year high of $5.64. The business has a fifty day moving average of $2.65 and a 200 day moving average of $3.45. The stock has a market cap of $74.63 million, a price-to-earnings ratio of -0.58 and a beta of 1.27.
Insider Activity
In related news, Director Timothy Mattox sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $3.19, for a total transaction of $63,800.00. Following the transaction, the director now owns 394,008 shares in the company, valued at $1,256,885.52. This trade represents a 4.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 11.30% of the company's stock.
Institutional Investors Weigh In On Upland Software
Large investors have recently modified their holdings of the company. Legato Capital Management LLC purchased a new stake in Upland Software in the 4th quarter valued at $44,000. Rice Hall James & Associates LLC increased its stake in Upland Software by 63.7% in the fourth quarter. Rice Hall James & Associates LLC now owns 964,624 shares of the software maker's stock valued at $4,186,000 after purchasing an additional 375,398 shares during the period. WESPAC Advisors LLC purchased a new stake in shares of Upland Software in the fourth quarter valued at about $55,000. Essential Planning LLC. acquired a new stake in shares of Upland Software during the fourth quarter worth about $56,000. Finally, Heron Bay Capital Management boosted its stake in shares of Upland Software by 22.9% during the fourth quarter. Heron Bay Capital Management now owns 96,963 shares of the software maker's stock worth $421,000 after buying an additional 18,057 shares during the period. 77.78% of the stock is owned by institutional investors and hedge funds.
About Upland Software
(
Get Free Report)
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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