Upland Software, Inc. (NASDAQ:UPLD) Director Timothy Mattox Sells 2,768 Shares

Upland Software, Inc. (NASDAQ:UPLD) Director Timothy Mattox sold 2,768 shares of Upland Software stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $4.56, for a total value of $12,622.08. Following the sale, the director now owns 414,008 shares in the company, valued at $1,887,876.48. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Upland Software Stock Up 1.3 %

UPLD opened at $4.58 on Friday. The stock’s 50 day moving average price is $3.21 and its 200 day moving average price is $2.67. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $125.68 million, a P/E ratio of -1.01 and a beta of 1.32. Upland Software, Inc. has a 12 month low of $1.79 and a 12 month high of $5.64.

Institutional Trading of Upland Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in UPLD. First Heartland Consultants Inc. acquired a new position in Upland Software in the third quarter worth approximately $30,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Upland Software in the 3rd quarter worth $31,000. XTX Topco Ltd acquired a new stake in shares of Upland Software during the third quarter worth $43,000. Mackenzie Financial Corp lifted its holdings in shares of Upland Software by 74.6% during the second quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock valued at $75,000 after purchasing an additional 12,898 shares during the last quarter. Finally, Heron Bay Capital Management acquired a new position in shares of Upland Software in the 2nd quarter valued at $185,000. 77.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a report on Friday, November 8th. StockNews.com raised shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. 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 given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $3.75.

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.