BidaskClub lowered shares of Upland Software (NASDAQ:UPLD) from a hold rating to a sell rating in a research report sent to investors on Friday.
Several other brokerages also recently weighed in on UPLD. Zacks Investment Research downgraded Upland Software from a buy rating to a strong sell rating in a research note on Wednesday, August 15th. ValuEngine downgraded Upland Software from a buy rating to a hold rating in a research note on Tuesday, October 2nd. Roth Capital upgraded Upland Software from a neutral rating to a buy rating and dropped their price target for the company from $26.00 to $11.50 in a research note on Thursday, August 9th. Needham & Company LLC boosted their price target on Upland Software from $37.00 to $40.00 and gave the company a buy rating in a research note on Thursday, August 9th. Finally, Canaccord Genuity boosted their price target on Upland Software from $35.00 to $38.00 and gave the company a buy rating in a research note on Friday, June 29th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $34.64.
Shares of UPLD stock opened at $32.20 on Friday. Upland Software has a 1-year low of $18.52 and a 1-year high of $38.30. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.74. The firm has a market cap of $696.53 million, a P/E ratio of 38.80, a price-to-earnings-growth ratio of 2.03 and a beta of 0.48.
In other Upland Software news, CEO John T. Mcdonald sold 26,390 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $36.03, for a total transaction of $950,831.70. Following the sale, the chief executive officer now owns 1,700,144 shares in the company, valued at approximately $61,256,188.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Timothy Mattox sold 1,099 shares of the business’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $38.00, for a total value of $41,762.00. Following the sale, the chief operating officer now owns 449,690 shares in the company, valued at approximately $17,088,220. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,189,107 shares of company stock worth $41,736,778. Company insiders own 14.70% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Mount Yale Investment Advisors LLC purchased a new stake in shares of Upland Software in the first quarter worth about $136,000. Envestnet Asset Management Inc. purchased a new stake in shares of Upland Software in the second quarter worth about $161,000. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Upland Software in the second quarter worth about $182,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Upland Software in the second quarter worth about $203,000. Finally, PEAK6 Investments L.P. purchased a new stake in shares of Upland Software in the second quarter worth about $203,000. Institutional investors and hedge funds own 52.26% of the company’s stock.
Upland Software Company Profile
Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.
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