Upland Software, Inc. (NASDAQ:UPLD) Director Timothy Mattox 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 that occurred on Monday, March 17th. The stock was sold at an average price of $3.19, for a total transaction of $63,800.00. Following the sale, the director now owns 394,008 shares in the company, valued at approximately $1,256,885.52. This represents a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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

Upland Software Stock Performance

Shares of UPLD opened at $3.15 on Tuesday. 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’s fifty day simple moving average is $3.88 and its two-hundred day simple moving average is $3.38. Upland Software, Inc. has a 12 month low of $1.79 and a 12 month high of $5.64. The stock has a market capitalization of $88.73 million, a P/E ratio of -0.70 and a beta of 1.40.

Institutional Investors Weigh In On Upland Software

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its stake in 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 buying an additional 18,134 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Upland Software during the 3rd quarter valued at $31,000. Rice Hall James & Associates LLC boosted its stake in Upland Software by 63.7% during the fourth quarter. Rice Hall James & Associates LLC now owns 964,624 shares of the software maker’s stock worth $4,186,000 after acquiring an additional 375,398 shares in the last quarter. Essential Planning LLC. acquired a new stake in Upland Software in the fourth quarter worth $56,000. Finally, Legato Capital Management LLC bought a new stake in Upland Software in the fourth quarter valued at $44,000. Institutional investors own 77.78% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UPLD. Needham & Company LLC reaffirmed a “hold” rating on shares of Upland Software in a research report on Thursday, March 13th. StockNews.com raised Upland Software from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Upland Software presently has an average 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.