Coupa Software Inc (NASDAQ:COUP) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $42.84 and last traded at $41.53, with a volume of 988500 shares traded. The stock had previously closed at $41.53.
Several research analysts have recently weighed in on COUP shares. Zacks Investment Research raised Coupa Software from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Royal Bank of Canada reissued a “buy” rating and issued a $41.00 price objective on shares of Coupa Software in a research report on Wednesday, November 15th. Barclays reissued a “hold” rating and issued a $38.00 price objective (up from $34.00) on shares of Coupa Software in a research report on Monday, November 27th. Cantor Fitzgerald reissued a “buy” rating and issued a $36.00 price objective on shares of Coupa Software in a research report on Tuesday, December 5th. Finally, Raymond James Financial reissued a “buy” rating and issued a $40.00 price objective on shares of Coupa Software in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $39.24.
The company has a market capitalization of $2,350.00 and a PE ratio of -42.62.
Coupa Software (NASDAQ:COUP) last issued 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. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The business had revenue of $47.30 million during the quarter, compared to analyst estimates of $45.02 million. During the same period in the previous year, the company posted ($0.22) EPS. The firm’s revenue was up 33.6% compared to the same quarter last year. equities research analysts anticipate that Coupa Software Inc will post -0.94 EPS for the current fiscal year.
In related news, CFO Todd R. Ford sold 12,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.69, for a total value of $500,280.00. Following the completion of the sale, the chief financial officer now directly owns 18,636 shares of the company’s stock, valued at approximately $776,934.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ravi Thakur sold 11,240 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $35.90, for a total value of $403,516.00. Following the completion of the sale, the insider now directly owns 13,436 shares of the company’s stock, valued at $482,352.40. The disclosure for this sale can be found here. Insiders sold a total of 319,871 shares of company stock valued at $11,559,634 over the last ninety days. 32.10% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position 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 valued at $78,254,000 after buying an additional 1,950,862 shares in the last quarter. AlpInvest Partners B.V. bought a new stake in Coupa Software in the 3rd quarter valued at about $10,236,000. Hershey Trust Co. increased its position in Coupa Software by 1,252.0% in the 4th quarter. Hershey Trust Co. now owns 25,025 shares of the technology company’s stock valued at $781,000 after buying an additional 23,174 shares in the last quarter. Crestline Management LP bought a new stake in Coupa Software in the 3rd quarter valued at about $909,000. Finally, First Trust Advisors LP bought a new stake in Coupa Software in the 3rd quarter valued at about $1,280,000. 74.30% of the stock is owned by institutional investors and hedge funds.
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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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