Investment analysts at First Analysis initiated coverage on shares of Coupa Software (NASDAQ:COUP) in a research report issued to clients and investors on Monday. The brokerage set an “overweight” rating and a $37.00 price target on the technology company’s stock. First Analysis’ price target would suggest a potential upside of 20.21% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the company. Royal Bank Of Canada upped their price target on Coupa Software from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, June 1st. Zacks Investment Research upgraded Coupa Software from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. JMP Securities restated an “outperform” rating and issued a $40.00 price target (up from $32.00) on shares of Coupa Software in a research report on Tuesday, June 6th. Morgan Stanley restated an “equal weight” rating and issued a $31.00 price target (up from $29.00) on shares of Coupa Software in a research report on Saturday, June 3rd. Finally, Raymond James Financial, Inc. restated an “outperform” rating and issued a $40.00 price target (up from $34.00) on shares of Coupa Software in a research report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $34.16.

Shares of Coupa Software (NASDAQ COUP) opened at 30.78 on Monday. Coupa Software has a 1-year low of $22.50 and a 1-year high of $41.61. The stock has a 50 day moving average price of $30.42 and a 200 day moving average price of $28.51. The company’s market capitalization is $1.63 billion.

Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Monday, June 5th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.05. The company had revenue of $41.10 million during the quarter, compared to analysts’ expectations of $38.33 million. Coupa Software’s revenue for the quarter was up 40.8% on a year-over-year basis. During the same quarter last year, the company earned ($1.76) earnings per share. On average, equities analysts anticipate that Coupa Software will post ($0.51) EPS for the current fiscal year.

WARNING: “First Analysis Initiates Coverage on Coupa Software (COUP)” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/07/first-analysis-initiates-coverage-on-coupa-software-coup.html.

In related news, major shareholder Ix Lp Mdv sold 1,662,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $31.25, for a total value of $51,937,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ravi Thakur sold 11,240 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $35.13, for a total value of $394,861.20. Following the completion of the transaction, the insider now owns 79,061 shares in the company, valued at $2,777,412.93. The disclosure for this sale can be found here. Insiders sold 1,776,719 shares of company stock worth $55,474,606 over the last quarter. 32.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COUP. Sylebra HK Co Ltd acquired a new position in Coupa Software during the first quarter worth approximately $28,720,000. Federated Investors Inc. PA boosted its position in Coupa Software by 110.5% in the second quarter. Federated Investors Inc. PA now owns 1,073,100 shares of the technology company’s stock worth $31,098,000 after buying an additional 563,200 shares during the period. Vanguard Group Inc. boosted its position in Coupa Software by 27.5% in the first quarter. Vanguard Group Inc. now owns 749,441 shares of the technology company’s stock worth $19,035,000 after buying an additional 161,830 shares during the period. Morgan Stanley boosted its position in Coupa Software by 36.9% in the first quarter. Morgan Stanley now owns 686,277 shares of the technology company’s stock worth $17,431,000 after buying an additional 184,865 shares during the period. Finally, Janus Capital Management LLC purchased a new position in Coupa Software during the first quarter worth approximately $12,160,000. Hedge funds and other institutional investors own 52.87% 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.

Analyst Recommendations for Coupa Software (NASDAQ:COUP)

Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.