Upland Software (NASDAQ:UPLD – Get Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.
Other research analysts also recently issued research reports about the company. William Blair restated an “outperform” rating on shares of Upland Software in a research note on Friday. Canaccord Genuity Group cut their target price on shares of Upland Software from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Friday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a research note on Friday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.17.
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Upland Software Stock Performance
Hedge Funds Weigh In On Upland Software
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC raised its position in Upland Software by 6.8% during the 3rd quarter. Hsbc Holdings PLC now owns 41,368 shares of the software maker’s stock worth $192,000 after buying an additional 2,638 shares during the last quarter. Pingora Partners LLC purchased a new position in Upland Software during the fourth quarter worth about $50,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Upland Software in the first quarter valued at about $37,000. Mackenzie Financial Corp acquired a new position in Upland Software during the 3rd quarter worth approximately $54,000. Finally, Oxford Asset Management LLP purchased a new position in shares of Upland Software during the 4th quarter worth approximately $52,000. 77.78% of the stock is currently owned by hedge funds and other institutional investors.
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.
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