Upland Software, Inc. (NASDAQ:UPLD) Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. lessened its stake in Upland Software, Inc. (NASDAQ:UPLD) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,320,785 shares of the software maker’s stock after selling 113,000 shares during the period. New South Capital Management Inc.’s holdings in Upland Software were worth $5,732,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Legato Capital Management LLC acquired a new position in shares of Upland Software in the 4th quarter valued at about $44,000. First Heartland Consultants Inc. acquired a new position in Upland Software in the 3rd quarter worth about $30,000. Dynamic Technology Lab Private Ltd acquired a new position in Upland Software in the 3rd quarter worth about $31,000. WESPAC Advisors LLC acquired a new position in Upland Software in the 4th quarter worth about $55,000. Finally, XTX Topco Ltd acquired a new position in Upland Software in the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 77.78% of the company’s stock.

Upland Software Price Performance

NASDAQ:UPLD opened at $3.17 on Thursday. Upland Software, Inc. has a 12 month low of $1.79 and a 12 month high of $5.64. The stock has a 50 day moving average of $4.13 and a two-hundred day moving average of $3.33. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 324.05. The firm has a market cap of $86.99 million, a P/E ratio of -0.70 and a beta of 1.28.

Analyst Upgrades and Downgrades

UPLD has been the subject of a number of analyst reports. StockNews.com cut Upland Software from a “buy” rating to a “hold” rating in a report on Tuesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

Upland Software 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.