Essential Planning LLC. Acquires New Shares in Upland Software, Inc. (NASDAQ:UPLD)

Essential Planning LLC. bought a new position in shares of Upland Software, Inc. (NASDAQ:UPLD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 13,000 shares of the software maker’s stock, valued at approximately $56,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UPLD. First Heartland Consultants Inc. bought a new stake in Upland Software in the third quarter valued at about $30,000. Dynamic Technology Lab Private Ltd bought a new stake in Upland Software in the third quarter valued at about $31,000. XTX Topco Ltd bought a new stake in Upland Software in the third quarter valued at about $43,000. Legato Capital Management LLC bought a new stake in Upland Software in the fourth quarter valued at about $44,000. Finally, WESPAC Advisors LLC bought a new stake in Upland Software in the fourth quarter valued at about $55,000. Institutional investors and hedge funds own 77.78% of the company’s stock.

Wall Street Analyst Weigh In

UPLD has been the topic of a number of analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a research note on Thursday. StockNews.com upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

Upland Software Price Performance

NASDAQ:UPLD opened at $3.10 on Friday. The firm has a market cap of $85.07 million, a PE ratio of -0.69 and a beta of 1.40. Upland Software, Inc. has a 12 month low of $1.79 and a 12 month high of $5.64. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 324.05. The company’s 50-day moving average price is $3.95 and its two-hundred day moving average price is $3.35.

About Upland Software

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.