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

Upland Software, Inc. (NASDAQ:UPLD) Director Timothy Mattox sold 2,768 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 414,008 shares in the company, valued at approximately $1,887,876.48. This represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Upland Software Trading Up 12.0 %

NASDAQ UPLD opened at $5.05 on Wednesday. Upland Software, Inc. has a 1 year low of $1.79 and a 1 year high of $5.64. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $138.58 million, a PE ratio of -1.12 and a beta of 1.32. The company has a fifty day moving average of $3.13 and a 200 day moving average of $2.64.

Hedge Funds Weigh In On Upland Software

Several institutional investors and hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. lifted its holdings in Upland Software by 4.2% in the second quarter. Assenagon Asset Management S.A. now owns 150,219 shares of the software maker’s stock valued at $374,000 after acquiring an additional 6,018 shares during the period. Rice Hall James & Associates LLC boosted its holdings in Upland Software by 3.7% during the second 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. acquired a new stake in Upland Software during the third quarter valued at $30,000. Dynamic Technology Lab Private Ltd purchased a new position in Upland Software in the third quarter valued at $31,000. Finally, Mackenzie Financial Corp raised its position in shares of Upland Software by 74.6% in the second quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker’s stock worth $75,000 after acquiring an additional 12,898 shares during the period. Institutional investors and hedge funds own 77.78% of the company’s stock.

Analysts Set New Price Targets

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