Coupa Software (NASDAQ:COUP) received a $41.00 price objective from Northland Securities in a report released on Wednesday, January 17th. The brokerage currently has a “buy” rating on the technology company’s stock. Northland Securities’ price objective suggests a potential upside of 4.70% from the stock’s previous close.
COUP has been the subject of several other research reports. ValuEngine upgraded shares of Coupa Software from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Barclays reiterated a “hold” rating and issued a $38.00 target price (up previously from $34.00) on shares of Coupa Software in a report on Monday, November 27th. Zacks Investment Research upgraded shares of Coupa Software from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Cantor Fitzgerald reiterated a “buy” rating and issued a $38.00 target price on shares of Coupa Software in a report on Monday, December 11th. Finally, Raymond James Financial reiterated a “buy” rating and issued a $40.00 target price on shares of Coupa Software in a report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. Coupa Software currently has a consensus rating of “Buy” and an average target price of $38.52.
Coupa Software (NASDAQ:COUP) remained flat at $$39.16 on Wednesday. The company’s stock had a trading volume of 998,532 shares, compared to its average volume of 674,912. Coupa Software has a twelve month low of $22.50 and a twelve month high of $40.31. The stock has a market cap of $2,155.64, a price-to-earnings ratio of -48.95 and a beta of 4.73.
Coupa Software (NASDAQ:COUP) last released its quarterly earnings data on Monday, December 4th. The technology company reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.06. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.40%. The firm had revenue of $47.30 million for the quarter, compared to the consensus estimate of $45.02 million. During the same quarter in the prior year, the company posted ($0.22) earnings per share. The business’s revenue was up 33.6% on a year-over-year basis. equities research analysts expect that Coupa Software will post -0.94 earnings per share for the current year.
In other Coupa Software news, insider Ravi Thakur sold 11,240 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $32.04, for a total transaction of $360,129.60. Following the completion of the transaction, the insider now owns 14,306 shares in the company, valued at $458,364.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anthony D. Tiscornia sold 781 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $33.18, for a total transaction of $25,913.58. Following the transaction, the insider now owns 521 shares of the company’s stock, valued at approximately $17,286.78. The disclosure for this sale can be found here. Insiders have sold 358,346 shares of company stock valued at $12,221,222 in the last quarter. Company insiders own 32.10% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in COUP. BNP Paribas Arbitrage SA boosted its position in shares of Coupa Software by 2,294.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock valued at $106,000 after acquiring an additional 3,511 shares during the period. Hillsdale Investment Management Inc. bought a new position in shares of Coupa Software in the second quarter valued at approximately $142,000. Virtu Financial LLC bought a new position in shares of Coupa Software in the fourth quarter valued at approximately $233,000. Essex Investment Management Co. LLC bought a new position in shares of Coupa Software in the fourth quarter valued at approximately $242,000. Finally, Personal Capital Advisors Corp bought a new position in shares of Coupa Software in the fourth quarter valued at approximately $261,000. Institutional investors own 75.09% of the company’s stock.
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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