Upland Software (UPLD) Downgraded by BidaskClub
Upland Software (NASDAQ:UPLD) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
A number of other equities research analysts have also commented on UPLD. Zacks Investment Research upgraded Upland Software from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 12th. ValuEngine lowered Upland Software from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $26.40.
Upland Software (UPLD) traded down $0.21 during midday trading on Thursday, reaching $22.00. The company had a trading volume of 445,672 shares, compared to its average volume of 362,987. Upland Software has a 1-year low of $8.19 and a 1-year high of $25.56. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.28 and a current ratio of 1.28.
In other Upland Software news, CEO John T. Mcdonald sold 35,196 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $21.44, for a total transaction of $754,602.24. Following the transaction, the chief executive officer now owns 1,922,022 shares of the company’s stock, valued at approximately $41,208,151.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Michael Douglass Hill sold 20,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $22.01, for a total value of $440,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 171,350 shares of company stock worth $3,812,965. Company insiders own 30.20% of the company’s stock.
A number of large investors have recently bought and sold shares of UPLD. The Manufacturers Life Insurance Company lifted its holdings in 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 buying an additional 6,367 shares in the last quarter. New York State Common Retirement Fund acquired a new position in Upland Software during the 2nd quarter worth $172,000. Sterling Capital Management LLC acquired a new position in Upland Software during the 2nd quarter worth $201,000. Bessemer Group Inc. acquired a new position in Upland Software during the 3rd quarter worth $203,000. Finally, Menta Capital LLC acquired a new position in Upland Software during the 2nd quarter worth $249,000. 30.10% of the stock is currently owned by hedge funds and other 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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