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.

Upland Software (NASDAQ:UPLD) last released its quarterly earnings results on Thursday, November 9th. The software maker reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $26.07 million for the quarter, compared to analyst estimates of $25.33 million. Upland Software had a negative return on equity of 13.22% and a negative net margin of 18.89%. Upland Software’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.11 EPS. analysts forecast that Upland Software will post 0.48 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Upland Software (NASDAQ:UPLD)

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