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A company insider recently sold 2,768 shares of Upland Software Inc [UPLD]. Should You Sale?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Upland Software Inc shares valued at $12,612 were sold by Mattox Timothy on Dec 17 ’24. At $4.56 per share, Mattox Timothy sold 2,768 shares. The insider’s holdings dropped to 414,008 shares worth approximately $1.87 million following the completion of this transaction.

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Also, TIMOTHY WILLIAM MATTOX purchased 2,768 shares, netting a total of over 12,612 in proceeds.

Before that, Mattox Timothy had sold 18,000 shares from its account. In a trade valued at $45,061, the Director traded Upland Software Inc shares for $2.50 each. Upon closing the transaction, the insider’s holdings decreased to 18,000 shares, worth approximately $1.88 million.

As published in a research note from ROTH MKM on November 10, 2023, Upland Software Inc [UPLD] has been rated down from a Neutral to a Sell and the price target has been revised to $3.50. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late February. As of February 24, 2023, ROTH MKM has decreased its “Buy” rating to a “Neutral” for UPLD. Earlier on February 24, 2023, Needham downgraded its rating. Their new recommendation was “a Hold” for UPLD stock which previously was a “a Buy”.

Analyzing UPLD Stock Performance

During the last five days, there has been a drop of approximately -14.72%. Over the course of the year, Upland Software Inc shares have jumped approximately 6.86%. Shares of the company reached a 52-week high of $5.64 on 12/11/24 and a 52-week low of $1.79 on 08/12/24. A 50-day SMA is recorded $3.14, while a 200-day SMA reached $2.65. Nevertheless, trading volume fell to 0.89 million shares from 0.65 million shares the previous day.

Support And Resistance Levels for Upland Software Inc (UPLD)

According to the 24-hour chart, there is a support level at 4.18, which, if violated, would cause prices to drop to 3.85. In the upper region, resistance lies at 5.05. The next price resistance is at 5.59. RSI (Relative Strength Index) is 56.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 52.09%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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