Legato Capital Management LLC Acquires New Shares in Upland Software, Inc. (NASDAQ:UPLD)

Legato Capital Management LLC acquired a new stake in shares of Upland Software, Inc. (NASDAQ:UPLD) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 10,071 shares of the software maker’s stock, valued at approximately $44,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UPLD. First Heartland Consultants Inc. purchased a new position in Upland Software during the third quarter worth about $30,000. Dynamic Technology Lab Private Ltd purchased a new position in Upland Software during the third quarter worth about $31,000. XTX Topco Ltd purchased a new position in Upland Software during the third quarter worth about $43,000. FMR LLC grew its position in Upland Software by 30.0% during the third quarter. FMR LLC now owns 78,626 shares of the software maker’s stock worth $196,000 after buying an additional 18,134 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in 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 buying an additional 45,705 shares in the last quarter. 77.78% of the stock is currently owned by institutional investors.

Upland Software Price Performance

Upland Software stock opened at $4.35 on Friday. The business has a 50-day simple moving average of $4.35 and a 200 day simple moving average of $3.15. Upland Software, Inc. has a 52 week low of $1.79 and a 52 week high of $5.64. 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 cap of $119.37 million, a price-to-earnings ratio of -0.96 and a beta of 1.28.

Analyst Ratings Changes

Separately, Needham & Company LLC restated a “hold” rating on shares of Upland Software in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $3.75.

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.