Coupa Software (NASDAQ:COUP) has been assigned an average recommendation of “Hold” from the fourteen research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $35.16.
Several research firms have recently weighed in on COUP. ValuEngine raised Coupa Software from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. First Analysis began coverage on Coupa Software in a research report on Monday, August 7th. They set an “overweight” rating and a $37.00 target price on the stock. 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. Zacks Investment Research downgraded Coupa Software from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Finally, Cantor Fitzgerald began coverage on Coupa Software in a research report on Thursday, July 20th. They set an “overweight” rating and a $35.00 target price on the stock.
Shares of Coupa Software (NASDAQ:COUP) traded up 1.43% on Thursday, hitting $34.75. 214,123 shares of the stock traded hands. Coupa Software has a 52-week low of $22.50 and a 52-week high of $37.72. The firm’s market cap is $1.86 billion. The firm has a 50 day moving average price of $33.19 and a 200 day moving average price of $33.19.
Coupa Software (NASDAQ:COUP) last released its earnings results on Tuesday, September 5th. The technology company reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.18. The firm had revenue of $44.60 million for the quarter, compared to the consensus estimate of $41.59 million. Coupa Software had a negative return on equity of 19.01% and a negative net margin of 24.00%. The business’s quarterly revenue was up 43.4% on a year-over-year basis. On average, equities analysts forecast that Coupa Software will post ($0.48) EPS for the current year.
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In other Coupa Software news, CFO Todd R. Ford sold 12,000 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $29.45, for a total value of $353,400.00. Following the transaction, the chief financial officer now owns 14,613 shares of the company’s stock, valued at approximately $430,352.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Bernshteyn sold 63,225 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $29.45, for a total value of $1,861,976.25. Following the completion of the transaction, the chief executive officer now directly owns 324,014 shares in the company, valued at approximately $9,542,212.30. The disclosure for this sale can be found here. Insiders sold a total of 429,686 shares of company stock worth $13,717,355 in the last ninety days. 32.10% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA lifted its holdings in shares of Coupa Software by 2,294.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock worth $106,000 after buying an additional 3,511 shares during the period. Nationwide Fund Advisors lifted its holdings in shares of Coupa Software by 22.7% in the 1st quarter. Nationwide Fund Advisors now owns 5,131 shares of the technology company’s stock worth $130,000 after buying an additional 949 shares during the period. American International Group Inc. purchased a new stake in shares of Coupa Software in the 1st quarter worth $132,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Coupa Software in the 2nd quarter worth $142,000. Finally, Symmetry Peak Management LLC purchased a new stake in shares of Coupa Software in the 2nd quarter worth $290,000. Institutional investors and hedge funds own 63.68% of the company’s stock.
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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