Upland Software (NASDAQ:UPLD) had its price target upped by analysts at Canaccord Genuity from $35.00 to $38.00 in a report issued on Friday. The firm currently has a “buy” rating on the software maker’s stock. Canaccord Genuity’s price target suggests a potential upside of 10.50% from the stock’s current price.
UPLD has been the subject of several other research reports. BidaskClub downgraded Upland Software from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 21st. SunTrust Banks reiterated a “buy” rating and issued a $32.00 price objective on shares of Upland Software in a research report on Friday, March 9th. Zacks Investment Research upgraded Upland Software from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a research report on Wednesday, May 23rd. Needham & Company LLC boosted their price objective on Upland Software from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Friday. Finally, ValuEngine upgraded Upland Software from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $35.00.
Shares of UPLD stock opened at $34.39 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.63. Upland Software has a fifty-two week low of $18.52 and a fifty-two week high of $36.88. The company has a market capitalization of $701.96 million, a price-to-earnings ratio of 41.43, a P/E/G ratio of 1.73 and a beta of 0.46.
In related news, CEO John T. Mcdonald sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $27.72, for a total transaction of $1,108,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David May sold 35,021 shares of the company’s stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $35.21, for a total value of $1,233,089.41. Following the transaction, the director now owns 128,479 shares of the company’s stock, valued at approximately $4,523,745.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,021 shares of company stock valued at $3,754,689. 14.70% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Mount Yale Investment Advisors LLC bought a new position in shares of Upland Software during the first quarter valued at approximately $136,000. Quadrature Capital Ltd bought a new position in shares of Upland Software during the fourth quarter valued at approximately $221,000. Two Sigma Advisers LP bought a new position in shares of Upland Software during the fourth quarter valued at approximately $382,000. Mackenzie Financial Corp raised its holdings in shares of Upland Software by 16.1% during the fourth quarter. Mackenzie Financial Corp now owns 31,815 shares of the software maker’s stock valued at $689,000 after acquiring an additional 4,420 shares in the last quarter. Finally, Martingale Asset Management L P raised its holdings in shares of Upland Software by 58.1% during the fourth quarter. Martingale Asset Management L P now owns 33,210 shares of the software maker’s stock valued at $720,000 after acquiring an additional 12,208 shares in the last quarter. Institutional investors own 49.98% of the company’s stock.
About Upland Software
Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.
Receive News & Ratings for Upland Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upland Software and related companies with MarketBeat.com's FREE daily email newsletter.