Credit Suisse Group equity research analysts have begun covering stocks of Mountain software (NASDAQ:UPLD – Get a rating) in a research note published on Monday, Fly reports. The company set a “neutral” rating on the software maker’s stock.
A number of other stock analysts have also recently commented on the company. Truist Financial lowered its target price on Upland Software from $20.00 to $12.00 in a Monday, November 7 report. Raymond James lowered his target price on Upland Software from $24.00 to $17.00 and set an “outperform” rating for the company in a Thursday, August 4 report. Craig Hallum lowered his target price on Upland Software from $22.00 to $13.00 in a Thursday, August 4 report. StockNews.com assumed coverage on Upland Software in a Wednesday, October 12 report. They set a “buy” rating for the company. Finally, Canaccord Genuity Group lowered its target price on Upland Software from $24.00 to $19.00 in a Friday, August 5 report.
Upland Software is trading down 1.6%
Shares of NASDAQ UPLD traded down $0.12 in midday trading on Monday, hitting $7.23. 16,587 shares of the company were traded, against an average volume of 342,788. The company has a market capitalization of $229.75 million, a price-earnings ratio of -4.23 and a beta of 0.77. The company has a debt ratio of 1.66, a quick ratio of 2.03 and a current ratio of 2.03. Upland Software has a 52-week minimum of $6.43 and a 52-week maximum of $22.23. The company’s 50-day moving average is $7.99 and its 200-day moving average is $11.03.
Insider Buying and Selling at Upland Software
In other Upland Software news, Director Stephen E. Courter sold 3,500 shares in a trade dated Wednesday, October 12. The stock was sold at an average price of $7.37, for a total value of $25,795.00. Following the sale, the director now owns 35,364 shares of the company, valued at approximately $260,632.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via the SEC website. 7.70% of the shares are held by company insiders.
Institutional investors weigh in on Upland Software
Several hedge funds and other institutional investors have recently changed their positions in the company. BlackRock Inc. increased its position in Upland Software shares by 7.6% during the third quarter. BlackRock Inc. now owns 2,446,754 shares of the software maker worth $19,892,000 after acquiring an additional 171,910 shares last quarter. Vanguard Group Inc. increased its position in Upland Software by 10.9% during the third quarter. Vanguard Group Inc. now owns 2,185,822 shares of the software maker worth $17,771,000 after purchasing an additional 214,935 shares during the period. New South Capital Management Inc. increased its position in Upland Software by 5.2% during the first quarter. New South Capital Management Inc. now owns 1,185,072 shares of the software maker worth $20,869,000 after purchasing an additional 58,380 shares during the period. Federated Hermes Inc. increased its position in Upland Software by 1.6% during the third quarter. Federated Hermes Inc. now owns 860,460 shares of the software maker worth $6,996,000 after purchasing an additional 13,265 shares during the period. Finally, State Street Corp increased its position in Upland Software by 2.7% during the third quarter. State Street Corp now owns 797,396 shares of the software maker worth $6,483,000 after purchasing an additional 20,775 shares during the period. Institutional investors and hedge funds own 75.17% of the company’s shares.
About Upland Software
Upland Software, Inc provides cloud-based enterprise work management software in the US, UK, Canada and internationally. It offers a family of software applications under the Upland brand in the areas of marketing, sales, contact centers, project management, information technology, business operations, human resources and legal.
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