Timothy Mattox Sells 20,000 Shares of Upland Software, Inc. (NASDAQ:UPLD) Stock

Upland Software, Inc. (NASDAQ:UPLD) Director Timothy Mattox sold 20,000 shares of the company’s 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 completion of the transaction, the director now owns 394,008 shares of the company’s stock, valued at approximately $1,256,885.52. The trade was a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Price Performance

Shares of NASDAQ:UPLD opened at $3.32 on Wednesday. The company has a debt-to-equity ratio of 324.05, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a fifty day moving average price of $3.86 and a 200 day moving average price of $3.39. Upland Software, Inc. has a fifty-two week low of $1.79 and a fifty-two week high of $5.64. The firm has a market cap of $93.52 million, a price-to-earnings ratio of -0.73 and a beta of 1.40.

Analyst Upgrades and Downgrades

UPLD has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Upland Software in a research report on Thursday, March 13th. StockNews.com upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $3.75.

Hedge Funds Weigh In On Upland Software

A number of hedge funds and other institutional investors have recently modified their holdings of UPLD. Dynamic Technology Lab Private Ltd bought a new position in shares of Upland Software during the third quarter worth $31,000. FMR LLC raised its stake in Upland Software by 30.0% during the third quarter. FMR LLC now owns 78,626 shares of the software maker’s stock valued at $196,000 after purchasing an additional 18,134 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in 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 valued at $636,000 after purchasing an additional 45,705 shares in the last quarter. XTX Topco Ltd purchased a new stake in Upland Software during the third quarter valued at $43,000. Finally, Legato Capital Management LLC purchased a new stake in Upland Software during the fourth quarter valued at $44,000. Institutional investors own 77.78% of the company’s stock.

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.