Upland Software (NASDAQ:UPLD) Stock Passes Below Fifty Day Moving Average – What’s Next?

Upland Software, Inc. (NASDAQ:UPLD) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.03 and traded as low as $1.5445. Upland Software shares last traded at $1.57, with a volume of 511,048 shares trading hands.

Analyst Upgrades and Downgrades

UPLD has been the subject of several recent analyst reports. Wall Street Zen upgraded Upland Software from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Needham & Company LLC upgraded Upland Software from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research report on Thursday, August 21st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Upland Software in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $4.00.

Upland Software Trading Down 5.4%

The stock has a market cap of $45.36 million, a P/E ratio of -0.90 and a beta of 1.19. The business has a 50-day simple moving average of $2.03 and a 200 day simple moving average of $2.12.

Upland Software (NASDAQ:UPLD) last posted its quarterly earnings data on Thursday, November 6th. The software maker reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.13. The company had revenue of $50.53 million during the quarter, compared to analysts’ expectations of $49.86 million. Upland Software had a negative net margin of 18.43% and a negative return on equity of 80.37%. As a group, equities analysts expect that Upland Software, Inc. will post 0.65 earnings per share for the current year.

Insider Transactions at Upland Software

In other Upland Software news, CEO John T. Mcdonald sold 14,438 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $2.36, for a total transaction of $34,073.68. Following the completion of the sale, the chief executive officer owned 2,452,125 shares in the company, valued at approximately $5,787,015. The trade was a 0.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 14.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC raised its holdings in shares of Upland Software by 697.1% in the 1st quarter. NewEdge Advisors LLC now owns 11,940 shares of the software maker’s stock worth $34,000 after acquiring an additional 10,442 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in Upland Software during the 3rd quarter worth approximately $32,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Upland Software in the second quarter worth approximately $28,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Upland Software in the third quarter valued at approximately $34,000. Finally, American Century Companies Inc. bought a new position in shares of Upland Software in the first quarter valued at approximately $55,000. 77.78% of the stock is currently owned by institutional investors and hedge funds.

Upland Software Company Profile

Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.