Upland Software (NASDAQ:UPLD) had its target price boosted by Canaccord Genuity from $27.00 to $32.00 in a research report report published on Friday morning. The firm currently has a buy rating on the software maker’s stock.
A number of other analysts also recently weighed in on the company. Needham & Company LLC upped their target price on Upland Software from $29.00 to $32.00 and gave the company a buy rating in a research report on Friday. SunTrust Banks restated a buy rating and set a $32.00 price objective on shares of Upland Software in a research report on Friday. BidaskClub upgraded Upland Software from a hold rating to a buy rating in a research report on Friday, March 2nd. ValuEngine upgraded Upland Software from a sell rating to a hold rating in a research report on Tuesday, February 13th. Finally, Zacks Investment Research downgraded Upland Software from a buy rating to a hold rating in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $29.00.
Shares of Upland Software (NASDAQ UPLD) opened at $30.04 on Friday. The firm has a market capitalization of $624.11, a price-to-earnings ratio of -29.16, a PEG ratio of 1.90 and a beta of 0.52. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.94. Upland Software has a 1 year low of $11.91 and a 1 year high of $30.44.
In related news, COO Timothy Mattox sold 17,000 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $26.09, for a total transaction of $443,530.00. Following the completion of the sale, the chief operating officer now directly owns 420,204 shares in the company, valued at approximately $10,963,122.36. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO John T. Mcdonald sold 67,500 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $22.08, for a total value of $1,490,400.00. Following the sale, the chief executive officer now owns 1,861,064 shares of the company’s stock, valued at $41,092,293.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,040,362 shares of company stock valued at $45,014,194. 30.20% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of UPLD. The Manufacturers Life Insurance Company increased its holdings in Upland Software by 784.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock worth $158,000 after purchasing an additional 6,367 shares in the last quarter. New York State Common Retirement Fund acquired a new position in Upland Software in the 2nd quarter worth about $172,000. Bessemer Group Inc. acquired a new position in Upland Software in the 3rd quarter worth about $203,000. Quadrature Capital Ltd acquired a new position in Upland Software in the 4th quarter worth about $221,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in Upland Software in the 2nd quarter worth about $258,000. 50.17% of the stock is owned by institutional investors and hedge funds.
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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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