Upland Software (NASDAQ:UPLD) Research Coverage Started at Credit Suisse Group

Credit Suisse Group assumed coverage on shares of Upland Software (NASDAQ:UPLDGet Rating) in a report released on Monday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $8.00 target price on the software maker’s stock.

Several other research firms have also recently issued reports on UPLD. StockNews.com initiated coverage on Upland Software in a research report on Wednesday, October 12th. They set a buy rating for the company. Craig Hallum cut their target price on Upland Software from $22.00 to $13.00 in a research report on Thursday, August 4th. Raymond James cut their target price on Upland Software from $24.00 to $17.00 and set an outperform rating for the company in a research report on Thursday, August 4th. Truist Financial cut their target price on Upland Software from $20.00 to $12.00 in a research report on Monday, November 7th. Finally, Canaccord Genuity Group cut their target price on Upland Software from $24.00 to $19.00 in a research report on Friday, August 5th.

Upland Software Stock Up 2.0 %

NASDAQ UPLD opened at $7.48 on Monday. The stock’s 50-day moving average price is $7.80 and its 200-day moving average price is $10.89. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.66. Upland Software has a 52 week low of $6.43 and a 52 week high of $21.62. The company has a market capitalization of $237.71 million, a P/E ratio of -4.37 and a beta of 0.77.

Insider Buying and Selling at Upland Software

In other Upland Software news, Director Stephen E. Courter sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 12th. The stock was sold at an average price of $7.37, for a total transaction of $25,795.00. Following the completion of the transaction, the director now owns 35,364 shares in the company, valued at approximately $260,632.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 7.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Upland Software

Several institutional investors have recently added to or reduced their stakes in UPLD. Ensign Peak Advisors Inc grew its holdings in Upland Software by 99.4% during the 3rd quarter. Ensign Peak Advisors Inc now owns 9,850 shares of the software maker’s stock valued at $80,000 after buying an additional 4,910 shares in the last quarter. UBS Group AG boosted its holdings in shares of Upland Software by 307.3% in the 3rd quarter. UBS Group AG now owns 9,906 shares of the software maker’s stock worth $80,000 after purchasing an additional 7,474 shares during the period. Amalgamated Bank purchased a new position in shares of Upland Software in the 1st quarter worth approximately $83,000. Verition Fund Management LLC purchased a new position in shares of Upland Software in the 3rd quarter worth approximately $89,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of Upland Software in the 3rd quarter worth approximately $104,000. Hedge funds and other institutional investors own 75.17% of the company’s stock.

About Upland Software

(Get Rating)

Upland Software, Inc provides cloud-based enterprise work management software in the United States, the United Kingdom, Canada, and internationally. It offers a family of software applications under the Upland brand in the areas of marketing, sales, contact center, project management, information technology, business operations, and human resources and legal.

Recommended Stories

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.