Upland Software (NASDAQ:UPLD) Downgraded to Hold at StockNews.com

StockNews.com downgraded shares of Upland Software (NASDAQ:UPLDGet Rating) from a buy rating to a hold rating in a report released on Tuesday.

A number of other analysts have also commented on UPLD. Craig Hallum decreased their price objective on Upland Software from $22.00 to $13.00 in a report on Thursday, August 4th. Raymond James decreased their price objective on Upland Software from $24.00 to $17.00 and set an outperform rating for the company in a report on Thursday, August 4th. Truist Financial decreased their price objective on Upland Software from $20.00 to $12.00 in a report on Monday, November 7th. Canaccord Genuity Group decreased their price objective on Upland Software from $24.00 to $19.00 in a report on Friday, August 5th. Finally, Credit Suisse Group assumed coverage on Upland Software in a report on Monday. They set a neutral rating and a $8.00 price objective for the company.

Upland Software Price Performance

UPLD stock opened at $7.33 on Tuesday. The stock’s 50 day simple moving average is $7.88 and its 200 day simple moving average is $10.94. Upland Software has a fifty-two week low of $6.43 and a fifty-two week high of $21.62. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.66.

Insider Activity

In other news, Director Stephen E. Courter sold 3,500 shares of the company’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 value of $25,795.00. Following the completion of the transaction, the director now directly owns 35,364 shares of the company’s stock, valued at $260,632.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 7.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Upland Software

Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in 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 during the last quarter. Hodges Capital Management Inc. lifted its stake in 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 during the last quarter. Monarch Partners Asset Management LLC lifted its stake in 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 during the last quarter. G2 Investment Partners Management LLC lifted its stake in 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 during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in 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 during the last quarter. Hedge funds and other institutional investors own 75.17% of the company’s stock.

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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