Upland Software, Inc. (NASDAQ:UPLD) Director Sells $12,622.08 in Stock

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

Upland Software Trading Up 1.3 %

Upland Software stock opened at $4.58 on Friday. Upland Software, Inc. has a 52 week low of $1.79 and a 52 week high of $5.64. The stock has a 50-day moving average price of $3.21 and a 200 day moving average price of $2.67. The stock has a market cap of $125.68 million, a PE ratio of -1.01 and a beta of 1.32. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. First Heartland Consultants Inc. acquired a new stake in Upland Software during the third quarter worth about $30,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Upland Software during the 3rd quarter worth about $31,000. XTX Topco Ltd purchased a new position in Upland Software in the third quarter valued at approximately $43,000. Mackenzie Financial Corp grew its stake in Upland Software by 74.6% during the second quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock worth $75,000 after buying an additional 12,898 shares during the period. Finally, Heron Bay Capital Management acquired a new stake in shares of Upland Software in the second quarter worth $185,000. 77.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.