Coupa Software (NASDAQ:COUP)‘s stock had its “buy” rating reissued by equities researchers at Royal Bank Of Canada in a report issued on Wednesday. They currently have a $41.00 price objective on the technology company’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 21.63% from the company’s current price.
Several other equities research analysts have also recently issued reports on COUP. Cantor Fitzgerald initiated coverage on shares of Coupa Software in a research report on Thursday, July 20th. They issued an “overweight” rating and a $35.00 price objective for the company. First Analysis initiated coverage on shares of Coupa Software in a research report on Monday, August 7th. They issued an “overweight” rating and a $37.00 price objective for the company. Northland Securities reissued a “buy” rating and issued a $38.00 price objective on shares of Coupa Software in a research report on Thursday, August 10th. Zacks Investment Research cut shares of Coupa Software from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Finally, ValuEngine raised shares of Coupa Software from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $35.16.
Coupa Software (NASDAQ:COUP) traded up $0.86 during mid-day trading on Wednesday, hitting $33.71. 145,500 shares of the company were exchanged, compared to its average volume of 468,984. Coupa Software has a 52-week low of $22.50 and a 52-week high of $37.72.
Coupa Software (NASDAQ:COUP) last released its quarterly earnings results on Tuesday, September 5th. The technology company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.18. Coupa Software had a negative net margin of 24.00% and a negative return on equity of 19.01%. The firm had revenue of $44.60 million during the quarter, compared to analysts’ expectations of $41.59 million. The firm’s quarterly revenue was up 43.4% on a year-over-year basis. analysts predict that Coupa Software will post -1 earnings per share for the current year.
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In other news, insider Anthony D. Tiscornia sold 781 shares of the company’s 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 completion of the sale, the insider now owns 521 shares of the company’s stock, valued at approximately $17,286.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anthony D. Tiscornia sold 2,344 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $31.37, for a total transaction of $73,531.28. Following the completion of the sale, the insider now directly owns 1,563 shares of the company’s stock, valued at approximately $49,031.31. The disclosure for this sale can be found here. Insiders sold a total of 377,818 shares of company stock valued at $12,296,855 in the last ninety days. Corporate insiders own 32.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its stake in shares of Coupa Software by 2,294.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock worth $106,000 after acquiring an additional 3,511 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of Coupa Software during the 2nd quarter worth approximately $142,000. American International Group Inc. bought a new position in shares of Coupa Software during the 1st quarter worth approximately $132,000. Trexquant Investment LP bought a new position in shares of Coupa Software during the 3rd quarter worth approximately $274,000. Finally, Symmetry Peak Management LLC bought a new position in shares of Coupa Software during the 2nd quarter worth approximately $290,000. Hedge funds and other institutional investors own 65.16% 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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