Upland Software’s (UPLD) “Outperform” Rating Reaffirmed at William Blair

William Blair reaffirmed their outperform rating on shares of Upland Software (NASDAQ:UPLD) in a report issued on Friday, RTT News reports.

UPLD has been the topic of several other reports. Needham & Company LLC reissued a hold rating on shares of Upland Software in a research report on Friday. StockNews.com cut Upland Software from a buy rating to a hold rating in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Upland Software has a consensus rating of Hold and a consensus price target of $4.17.

Upland Software Price Performance

UPLD opened at $3.19 on Friday. Upland Software has a 12-month low of $1.89 and a 12-month high of $5.28. The business has a 50 day moving average of $2.59 and a 200-day moving average of $3.68. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 23.49.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Upland Software in the first quarter valued at approximately $37,000. Pingora Partners LLC acquired a new position in Upland Software in the 4th quarter valued at $50,000. Oxford Asset Management LLP bought a new stake in shares of Upland Software during the 4th quarter valued at $52,000. Verdad Advisers LP acquired a new stake in shares of Upland Software during the 4th quarter worth $337,000. Finally, First Eagle Investment Management LLC increased its position in shares of Upland Software by 21.0% in the fourth quarter. First Eagle Investment Management LLC now owns 839,183 shares of the software maker’s stock worth $3,550,000 after purchasing an additional 145,405 shares during the period. Institutional investors and hedge funds own 77.78% of the company’s stock.

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.