Brokerages Set Coupa Software Inc (COUP) Price Target at $38.12

Shares of Coupa Software Inc (NASDAQ:COUP) have been given an average recommendation of “Buy” by the eighteen ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $38.52.

Several equities analysts have commented on the company. Zacks Investment Research raised Coupa Software from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Thursday. SunTrust Banks assumed coverage on Coupa Software in a research report on Wednesday, January 31st. They issued a “buy” rating and a $45.00 price objective on the stock. Morgan Stanley upped their price objective on Coupa Software from $35.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. Northland Securities set a $41.00 price objective on Coupa Software and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Needham & Company LLC assumed coverage on Coupa Software in a research report on Wednesday, January 10th. They issued a “buy” rating and a $39.00 price objective on the stock.

Shares of Coupa Software (NASDAQ:COUP) traded down $0.76 during trading on Friday, reaching $39.16. The company’s stock had a trading volume of 800,188 shares, compared to its average volume of 635,508. The company has a market cap of $2,150.00 and a P/E ratio of -39.18. Coupa Software has a 12 month low of $22.50 and a 12 month high of $40.31.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings data on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.06. The company had revenue of $47.30 million for the quarter, compared to the consensus estimate of $45.02 million. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. Coupa Software’s quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.22) EPS. equities analysts forecast that Coupa Software will post -0.94 EPS for the current fiscal year.

In other Coupa Software news, insider Anthony D. Tiscornia sold 781 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $33.18, for a total value of $25,913.58. Following the completion of the sale, the insider now directly owns 521 shares in the company, valued at approximately $17,286.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Steven M. Winter sold 11,336 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $33.14, for a total value of $375,675.04. Following the completion of the sale, the executive now owns 12,480 shares of the company’s stock, valued at $413,587.20. The disclosure for this sale can be found here. Insiders sold a total of 358,346 shares of company stock valued at $12,221,222 over the last quarter. Company insiders own 32.10% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. American International Group Inc. lifted its holdings 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 worth $623,000 after buying an additional 1,494 shares during the period. Bank of New York Mellon Corp lifted its holdings 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 worth $3,531,000 after buying an additional 2,782 shares during the period. Swiss National Bank lifted its holdings in shares of Coupa Software by 7.1% in the 4th quarter. Swiss National Bank now owns 45,100 shares of the technology company’s stock worth $1,408,000 after buying an additional 3,000 shares during the period. First Trust Advisors LP lifted its stake in shares of Coupa Software by 9.2% during the 4th quarter. First Trust Advisors LP now owns 44,879 shares of the technology company’s stock worth $1,401,000 after purchasing an additional 3,787 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in shares of Coupa Software by 31.3% during the 3rd quarter. Quantbot Technologies LP now owns 28,615 shares of the technology company’s stock worth $891,000 after purchasing an additional 6,819 shares during the last quarter. Institutional investors and hedge funds own 75.09% of the company’s stock.

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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.

Analyst Recommendations for Coupa Software (NASDAQ:COUP)

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