Upland Software (NASDAQ:UPLD) Share Price Breaks Below 50-Day Moving Average – Time to Sell?

Upland Software, Inc. (NASDAQ:UPLD) crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $3.63 and traded as low as $2.95. Upland Software shares last traded at $3.08, with a volume of 113,098 shares trading hands.

Analyst Ratings Changes

Several research analysts recently issued reports on UPLD shares. Needham & Company LLC dropped their price objective on Upland Software from $10.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, November 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Upland Software in a research report on Friday, September 25th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Upland Software has an average rating of “Hold” and a consensus target price of $10.50.

Upland Software Trading Down 18.5%

The firm’s 50-day moving average price is $3.63 and its two-hundred day moving average price is $6.11. The stock has a market cap of $8.75 million, a PE ratio of -0.22 and a beta of 1.42.

Upland Software (NASDAQ:UPLD) last issued its quarterly earnings data on Wednesday, November 4th. The software maker reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.11. The company had revenue of $47.53 million during the quarter, compared to the consensus estimate of $47.20 million. Upland Software had a negative net margin of 18.44% and a negative return on equity of 34.37%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Upland Software stock. Rice Hall James & Associates LLC lifted its stake in Upland Software, Inc. (NASDAQ:UPLD) by 9.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 974,448 shares of the software maker’s stock after acquiring an additional 80,751 shares during the period. Rice Hall James & Associates LLC owned 3.32% of Upland Software worth $649,000 at the end of the most recent quarter. 77.78% of the stock is currently owned by institutional investors and hedge funds.

Upland Software Company Profile

Upland Software, Inc. is an enterprise software company that develops cloud-based applications for managing work, customer relationships and business processes. Its software is designed to help organizations automate workflows, organize information, improve collaboration and measure operational performance across departments. Upland’s product portfolio has included solutions for project and portfolio management, enterprise content management, knowledge management, customer experience, customer service, sales enablement, communications and information technology service management.