Upland Software, Inc. (NASDAQ:UPLD) Director Sells $12,622.08 in Stock

Upland Software, Inc. (NASDAQ:UPLD) Director Timothy Mattox sold 2,768 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $4.56, for a total transaction of $12,622.08. Following the sale, the director now owns 414,008 shares of the company’s stock, valued at $1,887,876.48. The trade was a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Upland Software Stock Down 10.5 %

NASDAQ:UPLD opened at $4.52 on Thursday. Upland Software, Inc. has a 1 year low of $1.79 and a 1 year high of $5.64. The stock has a 50-day moving average price of $3.17 and a two-hundred day moving average price of $2.65. The stock has a market cap of $124.03 million, a price-to-earnings ratio of -1.00 and a beta of 1.32. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. StockNews.com upgraded Upland Software from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

Hedge Funds Weigh In On Upland Software

Several institutional investors and hedge funds have recently modified their holdings of UPLD. Rice Hall James & Associates LLC lifted its stake in Upland Software by 115.4% in the third quarter. Rice Hall James & Associates LLC now owns 589,226 shares of the software maker’s stock valued at $1,467,000 after buying an additional 315,651 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Upland Software by 180.6% during the second quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock worth $718,000 after acquiring an additional 185,617 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of Upland Software by 21.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 255,617 shares of the software maker’s stock worth $636,000 after acquiring an additional 45,705 shares during the period. Assenagon Asset Management S.A. lifted its position in Upland Software by 4.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker’s stock valued at $374,000 after acquiring an additional 6,018 shares in the last quarter. Finally, FMR LLC boosted its stake in Upland Software by 30.0% in the 3rd quarter. FMR LLC now owns 78,626 shares of the software maker’s stock worth $196,000 after purchasing an additional 18,134 shares during the period. 77.78% of the stock is currently owned by institutional investors and hedge funds.

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.