Upland Software director Timothy Mattox sells $4,270 in stock By Investing.com

Timothy Mattox, a director at Upland Software, Inc. (), sold 1,000 shares of the company’s common stock on August 6, 2026. The shares were sold at a price of $4.27 per share, totaling $4,270.

The transaction was executed under a pre-arranged 10b5-1 trading plan, which was adopted on March 9, 2026. Following this sale, Mattox directly owns 36,900 shares of Upland Software common stock.The stock has since risen to $4.94, rebounding 8.33% over the past week despite a challenging year that saw shares fall 73% from their 52-week high of $39.10. According to InvestingPro analysis, the stock appears undervalued at current levels, with a Fair Value of $6.88. Investors seeking deeper insights can access comprehensive analysis through UPLD’s Pro Research Report, available for this and 1,400+ other US equities.

In other recent news, Upland Software announced a corporate restructuring, consolidating its product lines into three operating groups to focus on products with new AI functionalities. Needham reiterated a Buy rating for Upland Software with a price target of $10.00, reflecting confidence in the company’s strategic shift. Additionally, Upland Software regained compliance with Nasdaq’s minimum bid price requirement, maintaining a closing bid price at or above $1.00 for 10 consecutive business days. This compliance satisfies Nasdaq Listing Rule 5450(a)(1), resolving the matter with the exchange.

Moreover, Upland Software plans to execute a one-for-ten reverse stock split effective June 17, 2026, aimed at maintaining its Nasdaq listing by meeting the minimum bid price requirement. The reverse split will reduce the number of shares outstanding from approximately 29.4 million to about 2.9 million. Despite this strategic move, Upland Software shares fell by 5.5% in premarket trading following the reverse split announcement. These developments highlight Upland Software’s ongoing efforts to align its operations and market presence with Nasdaq requirements.

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