Upland Software (NASDAQ:UPLD) Earns Hold Rating from Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Upland Software (NASDAQ:UPLD) in a research report released 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 Down 1.8%

Shares of UPLD stock opened at $2.66 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05. Upland Software has a 12 month low of $1.79 and a 12 month high of $5.64. The stock has a market cap of $75.77 million, a P/E ratio of -0.59 and a beta of 1.27. The company has a 50 day simple moving average of $2.66 and a two-hundred day simple moving average of $3.43.

Insider Transactions at Upland Software

In related news, Director Timothy Mattox sold 20,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $3.19, for a total value of $63,800.00. Following the completion of the sale, the director now directly owns 394,008 shares of the company’s stock, valued at approximately $1,256,885.52. This represents a 4.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 11.30% of the company’s stock.

Institutional Investors Weigh In On Upland Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legato Capital Management LLC bought a new position in shares of Upland Software in the fourth quarter worth approximately $44,000. Kathmere Capital Management LLC purchased a new position in shares of Upland Software during the 1st quarter valued at $31,000. WESPAC Advisors LLC bought a new position in Upland Software in the 4th quarter worth $55,000. Essential Planning LLC. bought a new position in Upland Software in the 4th quarter worth $56,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in Upland Software in the 4th quarter worth $58,000. Institutional investors own 77.78% of the company’s stock.

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.