Insider Selling: Upland Software, Inc. (NASDAQ:UPLD) Director Sells 20,000 Shares of Stock

Upland Software, Inc. (NASDAQ:UPLD) Director Timothy Mattox sold 20,000 shares of Upland Software stock in a transaction on Monday, March 17th. The shares were sold at an average price of $3.19, for a total value of $63,800.00. Following the completion of the sale, the director now directly owns 394,008 shares of the company’s stock, valued at $1,256,885.52. This trade represents a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Timothy Mattox also recently made the following trade(s):

• On Tuesday, December 17th, Timothy Mattox sold 2,768 shares of Upland Software stock. The shares were sold at an average price of $4.56, for a total value of $12,622.08.

Upland Software Stock Up 1.6 %

UPLD traded up $0.05 on Monday, hitting $3.15. 194,693 shares of the company were exchanged, compared to its average volume of 340,361. Upland Software, Inc. has a 12 month low of $1.79 and a 12 month high of $5.64. The company has a market cap of $86.44 million, a PE ratio of -0.70 and a beta of 1.40. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s fifty day moving average is $3.92 and its 200-day moving average is $3.37.

Institutional Trading of Upland Software

Several institutional investors and hedge funds have recently bought and sold shares of UPLD. Dynamic Technology Lab Private Ltd bought a new stake in Upland Software in the third quarter valued at approximately $31,000. FMR LLC grew its position in shares of Upland Software by 30.0% in the third quarter. FMR LLC now owns 78,626 shares of the software maker’s stock valued at $196,000 after purchasing an additional 18,134 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Upland Software by 21.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 255,617 shares of the software maker’s stock valued at $636,000 after purchasing an additional 45,705 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Upland Software in the third quarter valued at approximately $43,000. Finally, Legato Capital Management LLC acquired a new position in shares of Upland Software in the fourth quarter valued at approximately $44,000. Institutional investors own 77.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on UPLD shares. StockNews.com raised Upland Software from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a research note on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.