Shares of Upland Software Inc (NASDAQ:UPLD) have been given an average rating of “Buy” by the ten analysts that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $27.25.
A number of brokerages recently issued reports on UPLD. Zacks Investment Research lowered Upland Software from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. ValuEngine lowered Upland Software from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, BidaskClub upgraded Upland Software from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th.
Shares of Upland Software (NASDAQ:UPLD) traded down $0.45 during mid-day trading on Wednesday, reaching $22.18. The company had a trading volume of 152,800 shares, compared to its average volume of 137,824. The stock has a market cap of $470.15, a price-to-earnings ratio of -23.10, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.28 and a quick ratio of 1.28. Upland Software has a one year low of $11.62 and a one year high of $25.56.
In other Upland Software news, CEO John T. Mcdonald sold 67,500 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $22.08, for a total transaction of $1,490,400.00. Following the sale, the chief executive officer now directly owns 1,861,064 shares of the company’s stock, valued at approximately $41,092,293.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John T. Mcdonald sold 28,654 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $22.39, for a total value of $641,563.06. Following the sale, the chief executive officer now directly owns 1,861,064 shares in the company, valued at $41,669,222.96. The disclosure for this sale can be found here. Insiders have sold a total of 2,072,016 shares of company stock worth $45,698,427 over the last ninety days. 30.20% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in UPLD. Schwab Charles Investment Management Inc. acquired a new stake in Upland Software during the 2nd quarter worth about $258,000. Bank of New York Mellon Corp acquired a new stake in Upland Software during the 2nd quarter worth about $489,000. Teachers Advisors LLC acquired a new stake in Upland Software during the 2nd quarter worth about $279,000. TIAA CREF Investment Management LLC acquired a new stake in Upland Software during the 2nd quarter worth about $632,000. Finally, New York State Common Retirement Fund acquired a new stake in Upland Software during the 2nd quarter worth about $172,000. 36.85% of the stock is currently owned by institutional investors.
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About Upland Software
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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