Upland Software (NASDAQ:UPLD) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Upland Software, Inc. (NASDAQ:UPLD) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.18 and traded as high as $4.38. Upland Software shares last traded at $4.30, with a volume of 265,560 shares traded.

Analyst Ratings Changes

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $3.75.

Upland Software Stock Up 5.4 %

The firm’s 50-day moving average price is $4.22 and its 200-day moving average price is $2.98. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05.

Upland Software (NASDAQ:UPLD) last announced its earnings results on Thursday, November 7th. The software maker reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.08. The business had revenue of $66.69 million during the quarter, compared to the consensus estimate of $67.13 million. Upland Software had a negative net margin of 44.92% and a positive return on equity of 50.06%. During the same period in the prior year, the firm earned $0.22 earnings per share. Research analysts anticipate that Upland Software, Inc. will post 0.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UPLD. Rice Hall James & Associates LLC raised its holdings in shares of Upland Software by 115.4% during the third 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 during the period. Renaissance Technologies LLC raised its holdings in shares of Upland Software by 180.6% during the second quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker’s stock worth $718,000 after purchasing an additional 185,617 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings 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 purchasing an additional 45,705 shares during the period. FMR LLC raised its holdings 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 purchasing an additional 18,134 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Upland Software during the third quarter worth $43,000. 77.78% of the stock is currently owned by institutional investors.

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.