Other equities research analysts have also issued research reports about the company. Barclays restated a hold rating and set a $38.00 price objective (up previously from $34.00) on shares of Coupa Software in a research report on Monday, November 27th. Oppenheimer began coverage on Coupa Software in a research report on Thursday, December 21st. They set a buy rating and a $41.00 price objective on the stock. Zacks Investment Research lowered Coupa Software from a buy rating to a hold rating in a research report on Friday, December 8th. ValuEngine upgraded Coupa Software from a sell rating to a hold rating in a research report on Wednesday, October 18th. Finally, Cantor Fitzgerald restated a buy rating and set a $36.00 price objective on shares of Coupa Software in a research report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. Coupa Software has a consensus rating of Buy and a consensus target price of $36.87.
Shares of Coupa Software (COUP) traded up $1.58 during mid-day trading on Wednesday, reaching $37.59. The company had a trading volume of 1,519,953 shares, compared to its average volume of 589,800. The company has a market cap of $2,070.00 and a price-to-earnings ratio of -37.59. Coupa Software has a twelve month low of $22.50 and a twelve month high of $37.75.
In other news, insider Ravi Thakur sold 11,240 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $32.04, for a total value of $360,129.60. Following the transaction, the insider now directly owns 14,306 shares of the company’s stock, valued at approximately $458,364.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roger S. Siboni sold 20,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $32.26, for a total value of $645,200.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $645,200. The disclosure for this sale can be found here. Insiders have sold a total of 358,346 shares of company stock worth $12,175,925 over the last ninety days. Company insiders own 32.10% of the company’s stock.
Several large investors have recently made changes to their positions in the company. American International Group Inc. lifted its stake in shares of Coupa Software by 8.1% in the 3rd quarter. American International Group Inc. now owns 19,989 shares of the technology company’s stock valued at $623,000 after purchasing an additional 1,494 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Coupa Software by 2.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 113,344 shares of the technology company’s stock valued at $3,531,000 after purchasing an additional 2,782 shares during the period. BNP Paribas Arbitrage SA lifted its stake 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 valued at $106,000 after purchasing an additional 3,511 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of Coupa Software in the 2nd quarter valued at about $142,000. Finally, Quantbot Technologies LP lifted its stake in shares of Coupa Software by 31.3% in the 3rd quarter. Quantbot Technologies LP now owns 28,615 shares of the technology company’s stock valued at $891,000 after purchasing an additional 6,819 shares during the period. 74.67% of the stock is currently owned by institutional investors.
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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.
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