Timothy Mattox Sells 2,768 Shares of Upland Software, Inc. (NASDAQ:UPLD) Stock

Upland Software, Inc. (NASDAQ:UPLD) Director Timothy Mattox sold 2,768 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $4.56, for a total value of $12,622.08. Following the sale, the director now owns 414,008 shares in the company, valued at $1,887,876.48. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Upland Software Stock Up 12.0 %

Upland Software stock traded up $0.54 during mid-day trading on Tuesday, hitting $5.05. The company had a trading volume of 673,936 shares, compared to its average volume of 342,187. Upland Software, Inc. has a 12 month low of $1.79 and a 12 month high of $5.64. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05. The stock’s 50 day moving average price is $3.07 and its two-hundred day moving average price is $2.63. The company has a market capitalization of $138.58 million, a PE ratio of -1.07 and a beta of 1.32.

Institutional Trading of Upland Software

Institutional investors and hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in Upland Software by 4.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker’s stock worth $374,000 after acquiring an additional 6,018 shares during the last quarter. Rice Hall James & Associates LLC increased its holdings in Upland Software by 3.7% in the 2nd quarter. Rice Hall James & Associates LLC now owns 273,575 shares of the software maker’s stock worth $681,000 after buying an additional 9,755 shares in the last quarter. First Heartland Consultants Inc. purchased a new position in Upland Software in the 3rd quarter worth about $30,000. Dynamic Technology Lab Private Ltd purchased a new position in Upland Software in the 3rd quarter worth about $31,000. Finally, Mackenzie Financial Corp lifted its stake in Upland Software by 74.6% during the 2nd quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock valued at $75,000 after acquiring an additional 12,898 shares during the period. 77.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on UPLD shares. Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a report on Friday, November 8th. StockNews.com raised shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $3.75.

About Upland Software

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.