Upland Software’s (UPLD) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (d-) rating on shares of Upland Software (NASDAQ:UPLD) in a research note published on Friday,Weiss Ratings reports.

Other research analysts have also recently issued research reports about the stock. Craig Hallum raised shares of Upland Software from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a report on Friday, August 1st. Needham & Company LLC raised shares of Upland Software from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a report on Thursday, August 21st. Finally, Wall Street Zen cut shares of Upland Software from a “buy” rating to a “hold” rating in a report on Sunday, August 31st. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Upland Software has a consensus rating of “Hold” and a consensus target price of $4.00.

Upland Software Stock Performance

UPLD opened at $2.21 on Friday. Upland Software has a fifty-two week low of $1.69 and a fifty-two week high of $5.64. The company has a fifty day moving average of $2.50 and a two-hundred day moving average of $2.24. The stock has a market capitalization of $63.58 million, a price-to-earnings ratio of -1.24 and a beta of 1.14.

Insider Activity

In other news, CEO John T. Mcdonald sold 14,438 shares of Upland Software stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $2.36, for a total value of $34,073.68. Following the sale, the chief executive officer owned 2,452,125 shares in the company, valued at $5,787,015. This trade represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 14.80% of the stock is currently owned by company insiders.

Institutional Trading of Upland Software

Several institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. acquired a new stake in shares of Upland Software in the third quarter valued at about $495,000. Evergreen Capital Management LLC acquired a new position in Upland Software during the second quarter worth about $122,000. Russell Investments Group Ltd. boosted its position in Upland Software by 2,534.9% during the second quarter. Russell Investments Group Ltd. now owns 31,750 shares of the software maker’s stock worth $62,000 after acquiring an additional 30,545 shares during the last quarter. XTX Topco Ltd boosted its position in Upland Software by 63.5% during the second quarter. XTX Topco Ltd now owns 28,797 shares of the software maker’s stock worth $56,000 after acquiring an additional 11,187 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in Upland Software during the second quarter worth about $28,000. Institutional investors and hedge funds own 77.78% of the company’s stock.

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.