Upland Software, Inc. (NASDAQ:UPLD – Get Rating) was the target of a sharp drop in short interest in December. As of December 15, short sales totaled 697,000 shares, down 23.7% from the November 30 total of 913,400 shares. Currently, his 2.6% of the company’s shares are sold short. Based on an average daily trading volume of 385,200 shares, the ratio of days covered is currently 1.8 days.
Wall Street analyst opinion
UPLD has been the topic of several research reports. Truist Financial lowered its price target for Upland Software stock from $20.00 to $12.00 in a research report on Monday, November 7th. StockNews.com upgraded Upland Software’s stock from a ‘hold’ rating to a ‘buy’ rating in a research report on Monday, December 12th. Finally, Credit Suisse Group featured shares in Upland Software in its research report on Monday, November 21st. They set a “neutral” rating and an $8.00 price target.
In another piece of Upland Software news, director Stephen E. Courter sold 3,500 shares of the company’s stock in a transaction on Wednesday, October 12th. The shares sold for an average of $7.37, and the total transaction value he had was $25,795.00. Following the closing of the transaction, the directors now own 35,364 shares of the company’s stock valued at $260,632.68. The sale is disclosed in filings with the SEC, which can be accessed on his website. His 7.70% of the shares are owned by insiders.
institution inflow and outflow
A number of institutional investors and hedge funds have recently changed their positions in UPLD. Ensign Peak Advisors Inc expanded his position in Upland Software stock by 99.4% in the third quarter. Ensign Peak Advisors Inc now owns 9,850 shares of the software maker worth $80,000 after he bought an additional 4,910 shares last quarter. UBS Group AG increased its position in the shares of Upland Software by 307.3% in the third quarter. UBS Group AG now owns 9,906 shares in the software maker worth $80,000 after purchasing an additional 7,474 shares last quarter. Amalgamated Bank acquired a new stake in his Upland Software worth approximately $83,000 in the first quarter. Verition Fund Management LLC acquired a new stake in his Upland Software worth approximately $89,000 in the third quarter. Finally, Counterpoint Mutual Funds LLC acquired new shares of Upland Software worth approximately $104,000 in the third quarter. Institutional investors and hedge funds own 96.10% of the company’s shares.
Upland software price performance
UPLD rose $0.10 on Friday to reach $7.13. The company’s trading volume was 237,496 shares, and his average trading volume was 348,414 shares. The company has a 50-day moving average of $7.38 and a 200-day moving average of $9.79. Upland Software hit a 52-week low of $6.26 and a 52-week high of $21.62. 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 Company Profile
Upland Software, Inc provides cloud-based enterprise work management software in the US, UK, Canada and internationally. In the areas of marketing, sales, contact centers, project management, information technology, business operations, human resources and legal he delivers the Upland branded family of software applications.
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