Upland Software (UPLD) Upgraded to “Hold” by BidaskClub
Upland Software (NASDAQ:UPLD) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
UPLD has been the topic of a number of other reports. Canaccord Genuity increased their price objective on shares of Upland Software from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, August 14th. ValuEngine cut shares of Upland Software from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research raised shares of Upland Software from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $26.40.
Upland Software (NASDAQ UPLD) traded up $0.39 during trading hours on Thursday, hitting $22.90. 148,551 shares of the stock were exchanged, compared to its average volume of 120,179. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.28 and a current ratio of 1.28. Upland Software has a fifty-two week low of $8.19 and a fifty-two week high of $25.56.
In other Upland Software news, CFO Michael Douglass Hill sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $24.31, for a total transaction of $486,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Systems Corp Wave sold 4,805 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $22.25, for a total transaction of $106,911.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 189,904 shares of company stock worth $4,192,024. 30.20% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the business. White Pine Capital LLC boosted its stake in shares of Upland Software by 24.6% during the 2nd quarter. White Pine Capital LLC now owns 28,025 shares of the software maker’s stock worth $616,000 after purchasing an additional 5,525 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Upland Software by 784.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock worth $158,000 after purchasing an additional 6,367 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Upland Software by 30.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 28,983 shares of the software maker’s stock worth $613,000 after purchasing an additional 6,763 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in shares of Upland Software during the 2nd quarter worth about $172,000. Finally, EAM Investors LLC boosted its stake in shares of Upland Software by 17.7% during the 2nd quarter. EAM Investors LLC now owns 51,998 shares of the software maker’s stock worth $1,143,000 after purchasing an additional 7,825 shares during the last quarter. 30.10% of the stock is currently owned by institutional investors.
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Upland Software Company Profile
Upland Software Inc is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations.
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