Legato Capital Management LLC Purchases New Stake in Upland Software, Inc. (NASDAQ:UPLD)

Legato Capital Management LLC acquired a new position in shares of Upland Software, Inc. (NASDAQ:UPLD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,071 shares of the software maker’s stock, valued at approximately $44,000.

Other large investors have also recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC grew its holdings in shares of Upland Software by 115.4% during the 3rd quarter. Rice Hall James & Associates LLC now owns 589,226 shares of the software maker’s stock worth $1,467,000 after purchasing an additional 315,651 shares in the last quarter. First Heartland Consultants Inc. bought a new position in Upland Software in the third quarter valued at about $30,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Upland Software during the third quarter worth about $31,000. FMR LLC raised its position in shares of Upland Software by 30.0% during the third quarter. FMR LLC now owns 78,626 shares of the software maker’s stock worth $196,000 after acquiring an additional 18,134 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Upland Software by 21.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 255,617 shares of the software maker’s stock worth $636,000 after acquiring an additional 45,705 shares during the last quarter. Institutional investors own 77.78% of the company’s stock.

Upland Software Stock Performance

Shares of UPLD opened at $4.35 on Friday. The firm has a market cap of $119.37 million, a PE ratio of -0.96 and a beta of 1.28. The stock’s fifty day moving average price is $4.35 and its two-hundred day moving average price is $3.15. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99. Upland Software, Inc. has a 1 year low of $1.79 and a 1 year high of $5.64.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.