CIBC initiated coverage on shares of Coupa Software (NASDAQ:COUP) in a report issued on Friday, December 22nd. The brokerage issued an outperform rating and a $41.00 price target on the technology company’s stock.
Other analysts have also recently issued reports about the stock. Barclays restated a hold rating and issued a $38.00 price target (up from $34.00) on shares of Coupa Software in a report on Monday, November 27th. Oppenheimer assumed coverage on shares of Coupa Software in a report on Thursday, December 21st. They issued a buy rating and a $41.00 price target on the stock. Zacks Investment Research cut shares of Coupa Software from a buy rating to a hold rating in a research note on Friday, December 8th. Cantor Fitzgerald reiterated a buy rating and issued a $36.00 target price on shares of Coupa Software in a research note on Tuesday, December 5th. Finally, ValuEngine upgraded shares of Coupa Software from a sell rating to a hold rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. Coupa Software currently has an average rating of Buy and a consensus target price of $36.68.
Coupa Software (NASDAQ COUP) opened at $34.00 on Friday. Coupa Software has a 12-month low of $22.50 and a 12-month high of $37.72.
Coupa Software (NASDAQ:COUP) last posted its earnings results on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. The business had revenue of $47.30 million for the quarter, compared to the consensus estimate of $45.02 million. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.40%. The company’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.22) EPS. equities analysts forecast that Coupa Software will post -0.94 earnings per share for the current year.
In other news, insider Ravi Thakur sold 11,240 shares of Coupa Software stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $32.04, for a total transaction of $360,129.60. Following the completion of the transaction, the insider now directly owns 14,306 shares of the company’s stock, valued at approximately $458,364.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Anthony D. Tiscornia sold 781 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $33.18, for a total transaction of $25,913.58. Following the completion of the sale, the insider now directly owns 521 shares of the company’s stock, valued at approximately $17,286.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 369,839 shares of company stock valued at $12,633,920. Company insiders own 32.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Coupa Software by 260.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock worth $78,254,000 after acquiring an additional 1,950,862 shares in the last quarter. Sylebra HK Co Ltd increased its holdings in Coupa Software by 79.9% in the 3rd quarter. Sylebra HK Co Ltd now owns 2,166,792 shares of the technology company’s stock worth $67,496,000 after acquiring an additional 962,418 shares in the last quarter. Capital World Investors increased its holdings in Coupa Software by 39.2% in the 2nd quarter. Capital World Investors now owns 1,837,112 shares of the technology company’s stock worth $53,240,000 after acquiring an additional 517,000 shares in the last quarter. Soma Equity Partners LP increased its holdings in Coupa Software by 60.0% in the 3rd quarter. Soma Equity Partners LP now owns 1,120,000 shares of the technology company’s stock worth $34,888,000 after acquiring an additional 420,000 shares in the last quarter. Finally, Federated Investors Inc. PA increased its holdings in Coupa Software by 110.5% in the 2nd quarter. Federated Investors Inc. PA now owns 1,073,100 shares of the technology company’s stock worth $31,098,000 after acquiring an additional 563,200 shares in the last quarter. 74.67% of the stock is owned by institutional investors.
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Coupa Software Company Profile
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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