ValuEngine upgraded shares of Coupa Software (NASDAQ:COUP) from a sell rating to a hold rating in a research note released on Wednesday, October 18th.
Several other equities research analysts also recently commented on COUP. Cantor Fitzgerald initiated coverage on shares of Coupa Software in a research report on Thursday, July 20th. They set an overweight rating and a $35.00 target price for the company. First Analysis initiated coverage on shares of Coupa Software in a research report on Monday, August 7th. They set an overweight rating and a $37.00 target price for the company. Northland Securities reissued a buy rating and set a $38.00 target price on shares of Coupa Software in a research report on Thursday, August 10th. Royal Bank Of Canada upped their price objective on shares of Coupa Software from $40.00 to $41.00 and gave the stock an outperform rating in a research report on Wednesday, September 6th. Finally, Zacks Investment Research downgraded shares of Coupa Software from a hold rating to a sell rating in a research report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $35.16.
Shares of Coupa Software (NASDAQ:COUP) traded down 1.20% during trading on Wednesday, hitting $34.46. The stock had a trading volume of 292,437 shares. Coupa Software has a 52 week low of $23.52 and a 52 week high of $36.43. The stock’s market capitalization is $1.85 billion. The stock’s 50 day moving average is $33.07 and its 200 day moving average is $33.07.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Tuesday, September 5th. The technology company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.18. The firm had revenue of $44.60 million during the quarter, compared to the consensus estimate of $41.59 million. Coupa Software had a negative net margin of 24.00% and a negative return on equity of 19.01%. The firm’s revenue for the quarter was up 43.4% on a year-over-year basis. On average, equities research analysts expect that Coupa Software will post ($0.48) earnings per share for the current fiscal year.
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In other Coupa Software news, CEO Robert Bernshteyn sold 63,225 shares of the business’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $35.71, for a total value of $2,257,764.75. Following the transaction, the chief executive officer now directly owns 239,671 shares in the company, valued at $8,558,651.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ravi Thakur sold 11,240 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $30.72, for a total transaction of $345,292.80. Following the sale, the insider now owns 56,935 shares in the company, valued at $1,749,043.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 440,926 shares of company stock worth $14,062,648. Corporate insiders own 32.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA lifted its stake in shares of Coupa Software by 2,294.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock valued at $106,000 after buying an additional 3,511 shares in the last quarter. Nationwide Fund Advisors lifted its stake in shares of Coupa Software by 22.7% during the 1st quarter. Nationwide Fund Advisors now owns 5,131 shares of the technology company’s stock valued at $130,000 after buying an additional 949 shares in the last quarter. American International Group Inc. purchased a new stake in shares of Coupa Software during the 1st quarter valued at approximately $132,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Coupa Software during the 2nd quarter valued at approximately $142,000. Finally, Teachers Advisors LLC purchased a new stake in shares of Coupa Software during the 4th quarter valued at approximately $268,000. Institutional investors own 63.63% of the company’s stock.
About Coupa Software
Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.
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