SunTrust Banks reissued their buy rating on shares of Upland Software (NASDAQ:UPLD) in a research note issued to investors on Friday. The brokerage currently has a $32.00 price target on the software maker’s stock.
A number of other research firms have also commented on UPLD. BidaskClub raised Upland Software from a hold rating to a buy rating in a research note on Friday, March 2nd. Zacks Investment Research lowered Upland Software from a buy rating to a hold rating in a research note on Tuesday, January 23rd. Finally, ValuEngine lowered Upland Software from a hold rating to a sell rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $29.00.
Shares of Upland Software (NASDAQ:UPLD) opened at $30.04 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $624.11, a price-to-earnings ratio of -29.16, a price-to-earnings-growth ratio of 1.90 and a beta of 0.52. Upland Software has a twelve month low of $11.91 and a twelve month high of $30.44.
In other Upland Software news, COO Timothy Mattox sold 17,000 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $26.09, for a total value of $443,530.00. Following the sale, the chief operating officer now directly owns 420,204 shares of the company’s stock, valued at approximately $10,963,122.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Systems Corp Wave sold 1,460,862 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $22.00, for a total value of $32,138,964.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,040,362 shares of company stock worth $45,014,194. Corporate insiders own 30.20% of the company’s stock.
Large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its stake in Upland Software by 784.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock worth $158,000 after buying an additional 6,367 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in Upland Software in the 2nd quarter worth about $172,000. Bessemer Group Inc. acquired a new stake in Upland Software in the 3rd quarter worth about $203,000. Quadrature Capital Ltd acquired a new stake in Upland Software in the 4th quarter worth about $221,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Upland Software in the 2nd quarter worth about $258,000. 50.17% of the stock is currently owned by hedge funds and other institutional investors.
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Upland Software Company Profile
Upland Software Inc is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations.
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