Upland Software's (UPLD) Sell (D-) Rating Reiterated at Weiss Ratings

Key Points

• Upland Software (UPLD) received a "sell (D-)" rating from Weiss Ratings, reflecting ongoing concerns about its stock performance.
• The company's stock recently traded at $2.31, with a twelve month low of $1.69 and a high of $5.64, indicating potential volatility.
• Insider activity includes CEO John T. Mcdonald selling 14,438 shares, while institutional investors hold approximately 77.78% of the company's stock, suggesting significant institutional interest.

Upland Software (NASDAQ:UPLD - Get Free Report)'s stock had its "sell (d-)" rating restated by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other equities research analysts have also recently issued reports about the stock. Needham & Company LLC upgraded shares of 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 shares of Upland Software from a "buy" rating to a "hold" rating in a research report on Sunday, August 31st. Finally, Craig Hallum upgraded shares of Upland Software from a "hold" rating to a "buy" rating and set a $3.50 price target for the company in a report on Friday, August 1st. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Upland Software presently has an average rating of "Hold" and an average price target of $4.00.

Upland Software Trading Down 2.5%

UPLD traded down $0.06 during trading on Wednesday, hitting $2.31. The company's stock had a trading volume of 61,474 shares, compared to its average volume of 146,074. Upland Software has a twelve month low of $1.69 and a twelve month high of $5.64. The business's fifty day simple moving average is $2.40 and its 200 day simple moving average is $2.29. The firm has a market capitalization of $66.46 million, a price-to-earnings ratio of -1.30 and a beta of 1.14.

Insider Buying and Selling at Upland Software

In other Upland Software news, CEO John T. Mcdonald sold 14,438 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $2.36, for a total transaction of $34,073.68. Following the completion of the transaction, the chief executive officer directly owned 2,452,125 shares in the company, valued at $5,787,015. The trade was a 0.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 14.80% of the stock is owned by insiders.

Institutional Trading of Upland Software

Several hedge funds have recently made changes to their positions in UPLD. Assenagon Asset Management S.A. bought a new stake in shares of Upland Software in the 3rd quarter valued at approximately $495,000. Inspire Advisors LLC bought a new position in shares of Upland Software in the first quarter worth $338,000. Bank of America Corp DE increased its stake in shares of 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 purchasing an additional 37,855 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Upland Software by 18.5% in the 1st quarter. Mackenzie Financial Corp now owns 71,523 shares of the software maker's stock valued at $205,000 after acquiring an additional 11,173 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new position in shares of Upland Software during the 2nd quarter worth approximately $122,000. Institutional investors and hedge funds own 77.78% of the company's stock.

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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