Upland Software director Timothy Mattox sells $3,626 in shares By Investing.com

Timothy Mattox, a director at Upland Software, Inc. (), disposed of 847.40 shares of common stock on August 7, 2026, for a total value of $3,626.

The shares were sold at prices ranging from $4.28 to $4.495, with a weighted average sale price of $4.2801 per share. This transaction was conducted under an approved 10b5-1 trading plan, which was adopted on March 9, 2026. Following this sale, Mr. Mattox directly beneficially owns 36,052.60 shares of Upland Software common stock.The insider sale comes as Upland’s stock has experienced significant volatility, with shares down 73.7% over the past year despite gaining 10.76% in the last week. According to InvestingPro analysis, the stock appears undervalued at current levels, with a Fair Value of $6.59 suggesting potential upside. The company is featured among undervalued stocks tracked by the platform.For investors seeking deeper insights, InvestingPro offers a comprehensive Pro Research Report on UPLD, along with 12 additional ProTips beyond the stock’s recent performance trends.

In other recent news, Upland Software has announced a corporate restructuring, consolidating its product lines into three operating groups to enhance resource allocation. This strategic shift aims to focus on products with new monetizable AI functionality, as detailed by CEO Sean Nathaniel. Needham has reiterated its Buy rating for Upland Software, maintaining a price target of $10.00. Additionally, Upland Software has regained compliance with Nasdaq’s minimum bid price requirement, as confirmed by the Nasdaq Stock Market. This compliance was achieved after the company’s common stock maintained a closing bid price at or above $1.00 for ten consecutive business days.

In another development, Upland Software announced a one-for-ten reverse stock split of its common stock, set to become effective on June 17, 2026. This reverse split is intended to ensure compliance with Nasdaq’s minimum bid price requirement. The reverse stock split will reduce the number of shares outstanding from approximately 29.4 million to about 2.9 million. Upland Software’s common stock will continue to trade on the Nasdaq Global Market under the symbol UPLD following the reverse split.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.