Coupa Software (COUP) Trading -1.2% Higher

Coupa Software Inc (NASDAQ:COUP) shares traded up 1.2% during mid-day trading on Wednesday . The stock traded as high as $40.31 and last traded at $39.51. 349,943 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 617,028 shares. The stock had previously closed at $39.99.

Several research analysts have issued reports on the company. Zacks Investment Research raised Coupa Software from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Thursday. Barclays reissued a “hold” rating and issued a $38.00 target price (up from $34.00) on shares of Coupa Software in a research report on Monday, November 27th. Oppenheimer assumed coverage on Coupa Software in a research report on Thursday, December 21st. They issued a “buy” rating and a $41.00 target price on the stock. Morgan Stanley raised their target price on Coupa Software from $35.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. Finally, SunTrust Banks assumed coverage on Coupa Software in a research report on Wednesday, January 31st. They issued a “buy” rating and a $45.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. Coupa Software currently has a consensus rating of “Buy” and an average price target of $38.52.

The firm has a market capitalization of $2,197.46, a PE ratio of -48.95 and a beta of 4.73.

Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $45.02 million. During the same period in the previous year, the firm earned ($0.22) EPS. The business’s quarterly revenue was up 33.6% on a year-over-year basis. equities analysts forecast that Coupa Software Inc will post -0.94 earnings per share for the current fiscal year.

In related news, CEO Robert Bernshteyn sold 63,225 shares of Coupa Software stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $33.95, for a total transaction of $2,146,488.75. Following the sale, the chief executive officer now owns 162,092 shares of the company’s stock, valued at approximately $5,503,023.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony D. Tiscornia sold 781 shares of Coupa Software stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $33.18, for a total value of $25,913.58. Following the sale, the insider now directly owns 521 shares in the company, valued at approximately $17,286.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 358,346 shares of company stock worth $12,221,222. Insiders own 32.10% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Essex Investment Management Co. LLC bought a new stake in Coupa Software during the 4th quarter valued at approximately $242,000. Personal Capital Advisors Corp bought a new stake in Coupa Software during the 4th quarter valued at approximately $261,000. Trexquant Investment LP bought a new stake in Coupa Software during the 3rd quarter valued at approximately $274,000. Teacher Retirement System of Texas bought a new stake in Coupa Software during the 4th quarter valued at approximately $283,000. Finally, AHL Partners LLP bought a new stake in Coupa Software during the 2nd quarter valued at approximately $318,000. 75.09% of the stock is currently owned by institutional investors.

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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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