Coupa Software (COUP) Receives New Coverage from Analysts at Oppenheimer

Oppenheimer began coverage on shares of Coupa Software (NASDAQ:COUP) in a report issued on Thursday morning. The brokerage issued a buy rating and a $41.00 target price on the technology company’s stock.

COUP has been the topic of a number of other reports. Royal Bank of Canada reiterated a buy rating and issued a $41.00 price objective on shares of Coupa Software in a research report on Wednesday, November 15th. Zacks Investment Research upgraded Coupa Software from a sell rating to a hold rating in a research report on Tuesday, November 7th. Cantor Fitzgerald reiterated a buy rating and issued a $38.00 price objective on shares of Coupa Software in a research report on Monday, December 11th. Raymond James Financial reiterated a buy rating and issued a $40.00 price objective on shares of Coupa Software in a research report on Tuesday, December 12th. Finally, ValuEngine upgraded Coupa Software from a sell rating to a hold rating in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. Coupa Software presently has an average rating of Hold and an average target price of $36.21.

Coupa Software (NASDAQ:COUP) traded down $0.45 during mid-day trading on Thursday, reaching $32.05. The company had a trading volume of 233,400 shares, compared to its average volume of 473,111. Coupa Software has a 12-month low of $22.50 and a 12-month high of $37.72.

Coupa Software (NASDAQ:COUP) last released its quarterly earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $47.30 million during the quarter, compared to analysts’ expectations of $45.02 million. During the same period last year, the firm posted ($0.22) EPS. The business’s revenue was up 33.6% on a year-over-year basis. equities analysts anticipate that Coupa Software will post -0.94 earnings per share for the current fiscal year.

In other Coupa Software news, CFO Todd R. Ford sold 12,000 shares of Coupa Software stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $33.15, for a total transaction of $397,800.00. Following the transaction, the chief financial officer now directly owns 17,349 shares in the company, valued at $575,119.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony D. Tiscornia sold 2,443 shares of Coupa Software stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $35.44, for a total value of $86,579.92. The disclosure for this sale can be found here. Insiders sold a total of 517,670 shares of company stock worth $17,220,269 over the last 90 days. 32.10% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Coupa Software by 260.3% during the second 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 position in Coupa Software by 79.9% during the third quarter. Sylebra HK Co Ltd now owns 2,166,792 shares of the technology company’s stock worth $67,496,000 after buying an additional 962,418 shares during the last quarter. Capital World Investors increased its position in Coupa Software by 39.2% during the second quarter. Capital World Investors now owns 1,837,112 shares of the technology company’s stock worth $53,240,000 after buying an additional 517,000 shares during the last quarter. Soma Equity Partners LP increased its position in Coupa Software by 60.0% during the third quarter. Soma Equity Partners LP now owns 1,120,000 shares of the technology company’s stock worth $34,888,000 after buying an additional 420,000 shares during the last quarter. Finally, Federated Investors Inc. PA increased its position in Coupa Software by 110.5% during the second quarter. Federated Investors Inc. PA now owns 1,073,100 shares of the technology company’s stock worth $31,098,000 after buying an additional 563,200 shares during the last quarter. Hedge funds and other institutional investors own 74.67% of the company’s stock.

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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.

Analyst Recommendations for Coupa Software (NASDAQ:COUP)

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