Shares of Upland Software, Inc. (NASDAQ:UPLD – Get Rating) have received a consensus rating of "Buy" from the nine research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued a report on the stock in the last year is $21.63.

UPLD has been the subject of a number of research reports. Canaccord Genuity Group dropped their target price on shares of Upland Software from $24.00 to $19.00 in a research report on Friday, August 5th. StockNews.com upgraded shares of Upland Software from a "hold" rating to a "buy" rating in a research report on Monday. Craig Hallum lowered their price objective on shares of Upland Software from $22.00 to $13.00 in a research report on Thursday, August 4th. Truist Financial lowered their price objective on shares of Upland Software from $30.00 to $20.00 in a research report on Friday, July 15th. Finally, Raymond James lowered their price objective on shares of Upland Software from $24.00 to $17.00 and set an "outperform" rating for the company in a research report on Thursday, August 4th.

Upland Software Price Performance

Shares of NASDAQ:UPLD opened at $8.26 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a fifty day moving average price of $10.80 and a 200 day moving average price of $13.59. Upland Software has a fifty-two week low of $8.10 and a fifty-two week high of $37.16. The firm has a market cap of $258.71 million, a price-to-earnings ratio of -4.46 and a beta of 0.71.

Insider Activity

In related news, insider Ian Burk sold 16,748 shares of the firm's stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $11.21, for a total value of $187,745.08. Following the transaction, the insider now owns 72,081 shares of the company's stock, valued at approximately $808,028.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Ian Burk sold 16,748 shares of the firm's stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $11.21, for a total value of $187,745.08. Following the transaction, the insider now owns 72,081 shares of the company's stock, valued at approximately $808,028.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John T. Mcdonald purchased 10,000 shares of Upland Software stock in a transaction that occurred on Monday, August 15th. The stock was bought at an average cost of $11.22 per share, for a total transaction of $112,200.00. Following the purchase, the chief executive officer now directly owns 183,738 shares in the company, valued at $2,061,540.36. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 60,000 shares of company stock valued at $662,300. 7.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank purchased a new position in Upland Software during the 1st quarter valued at about $83,000. Ensign Peak Advisors Inc purchased a new position in Upland Software during the 1st quarter valued at about $87,000. SG Americas Securities LLC purchased a new position in Upland Software during the 2nd quarter valued at about $158,000. Ergoteles LLC purchased a new position in Upland Software during the 1st quarter valued at about $181,000. Finally, PDT Partners LLC purchased a new position in Upland Software during the 4th quarter valued at about $185,000. Hedge funds and other institutional investors own 75.17% of the company's stock.

Upland Software Company Profile

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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.

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