Brokerages Set Upland Software Inc (UPLD) PT at $27.25
Shares of Upland Software Inc (NASDAQ:UPLD) have earned a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $27.25.
UPLD has been the topic of a number of recent research reports. Zacks Investment Research upgraded Upland Software from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 12th. ValuEngine lowered Upland Software from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, BidaskClub upgraded Upland Software from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th.
Shares of Upland Software (UPLD) traded up $0.07 on Friday, reaching $23.44. The company’s stock had a trading volume of 19,754 shares, compared to its average volume of 144,827. The company has a market cap of $496.33, a price-to-earnings ratio of -24.34, a price-to-earnings-growth ratio of 1.51 and a beta of 0.54. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.28 and a quick ratio of 1.28. Upland Software has a 52-week low of $11.55 and a 52-week high of $25.56.
In related news, CEO John T. Mcdonald sold 67,500 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $22.23, for a total transaction of $1,500,525.00. Following the sale, the chief executive officer now owns 1,758,288 shares of the company’s stock, valued at approximately $39,086,742.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Systems Corp Wave sold 1,460,862 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $22.00, for a total value of $32,138,964.00. The disclosure for this sale can be found here. In the last three months, insiders sold 2,039,712 shares of company stock worth $44,932,254. 30.20% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Pembroke Management LTD raised its stake in Upland Software by 4.0% during the 3rd quarter. Pembroke Management LTD now owns 623,100 shares of the software maker’s stock worth $13,185,000 after buying an additional 24,000 shares during the period. Bank of New York Mellon Corp acquired a new stake in Upland Software during the 2nd quarter worth $489,000. Vanguard Group Inc. raised its stake in Upland Software by 55.3% during the 2nd quarter. Vanguard Group Inc. now owns 403,955 shares of the software maker’s stock worth $8,883,000 after buying an additional 143,808 shares during the period. Lyon Street Capital LLC acquired a new stake in Upland Software during the 2nd quarter worth $7,321,000. Finally, Wasatch Advisors Inc. acquired a new stake in Upland Software during the 2nd quarter worth $3,331,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.
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About Upland Software
Upland Software Inc is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations.
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