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

Needham & Company LLC reiterated their hold rating on shares of Upland Software (NASDAQ:UPLD) in a report published on Tuesday,Benzinga reports.

Separately, StockNews.com raised Upland Software from a “hold” rating to a “buy” rating in a research report on Friday, April 18th.

Upland Software Stock Down 3.2%

NASDAQ:UPLD opened at $2.75 on Tuesday. The firm has a market capitalization of $78.33 million, a price-to-earnings ratio of -0.61 and a beta of 1.27. Upland Software has a 1-year low of $1.79 and a 1-year high of $5.64. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05. The business’s fifty day moving average price is $2.66 and its 200 day moving average price is $3.44.

Insider Activity at Upland Software

In other Upland Software news, Director Timothy Mattox sold 20,000 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $3.19, for a total value of $63,800.00. Following the transaction, the director now owns 394,008 shares in the company, valued at $1,256,885.52. The trade was a 4.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 11.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Legato Capital Management LLC purchased a new position in Upland Software in the fourth quarter valued at about $44,000. Kathmere Capital Management LLC purchased a new position in Upland Software in the first quarter valued at about $31,000. Mackenzie Financial Corp grew its stake in Upland Software by 18.5% in the first quarter. Mackenzie Financial Corp now owns 71,523 shares of the software maker’s stock valued at $205,000 after purchasing an additional 11,173 shares in the last quarter. R Squared Ltd grew its stake in Upland Software by 646.4% in the first quarter. R Squared Ltd now owns 13,510 shares of the software maker’s stock valued at $39,000 after purchasing an additional 11,700 shares in the last quarter. Finally, WESPAC Advisors LLC bought a new stake in shares of Upland Software during the 4th quarter worth about $55,000. Hedge funds and other 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.