Upland Software (NASDAQ:UPLD) Receives New Coverage from Analysts at Credit Suisse Group

Credit Suisse Group began coverage on shares of Upland Software (NASDAQ:UPLDGet Rating) in a report released on Monday morning, The Fly reports. The brokerage issued a neutral rating on the software maker’s stock.

UPLD has been the subject of several other research reports. Canaccord Genuity Group decreased their price objective on Upland Software from $24.00 to $19.00 in a report on Friday, August 5th. StockNews.com began coverage on Upland Software in a research note on Wednesday, October 12th. They issued a buy rating for the company. Raymond James cut their price target on Upland Software from $24.00 to $17.00 and set an outperform rating for the company in a research note on Thursday, August 4th. Craig Hallum cut their price target on Upland Software from $22.00 to $13.00 in a research note on Thursday, August 4th. Finally, Truist Financial cut their price target on Upland Software from $20.00 to $12.00 in a research note on Monday, November 7th.

Upland Software Stock Performance

Shares of UPLD stock opened at $7.24 on Monday. The stock has a market cap of $230.07 million, a PE ratio of -4.23 and a beta of 0.77. The business has a 50-day simple moving average of $7.93 and a 200-day simple moving average of $10.98. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.66. Upland Software has a 52-week low of $6.43 and a 52-week high of $22.23.

Insiders Place Their Bets

In other Upland Software news, Director Stephen E. Courter sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 12th. The stock was sold at an average price of $7.37, for a total transaction of $25,795.00. Following the completion of the sale, the director now directly owns 35,364 shares in the company, valued at approximately $260,632.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. 7.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Upland Software

Several large investors have recently bought and sold shares of UPLD. Russell Investments Group Ltd. grew its position in shares of Upland Software by 86.7% in the second quarter. Russell Investments Group Ltd. now owns 77,546 shares of the software maker’s stock valued at $1,125,000 after purchasing an additional 36,016 shares in the last quarter. Hodges Capital Management Inc. grew its position in shares of Upland Software by 34.7% in the second quarter. Hodges Capital Management Inc. now owns 724,588 shares of the software maker’s stock valued at $10,521,000 after purchasing an additional 186,699 shares in the last quarter. Monarch Partners Asset Management LLC grew its position in shares of Upland Software by 122.0% in the first quarter. Monarch Partners Asset Management LLC now owns 282,782 shares of the software maker’s stock valued at $4,980,000 after purchasing an additional 155,418 shares in the last quarter. G2 Investment Partners Management LLC grew its position in shares of Upland Software by 322.6% in the first quarter. G2 Investment Partners Management LLC now owns 346,492 shares of the software maker’s stock valued at $6,102,000 after purchasing an additional 264,492 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Upland Software by 344.7% in the second quarter. Assenagon Asset Management S.A. now owns 290,305 shares of the software maker’s stock valued at $4,215,000 after purchasing an additional 225,021 shares in the last quarter. 75.17% of the stock is currently owned by hedge funds and other institutional investors.

About Upland Software

(Get Rating)

Upland Software, Inc provides cloud-based enterprise work management software in the United States, the United Kingdom, Canada, and internationally. It offers a family of software applications under the Upland brand in the areas of marketing, sales, contact center, project management, information technology, business operations, and human resources and legal.

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