Coupa Software (COUP) Given Average Recommendation of “Hold” by Analysts
Shares of Coupa Software (NASDAQ:COUP) have received a consensus rating of “Hold” from the thirteen research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $34.99.
A number of research analysts have commented on COUP shares. Zacks Investment Research upgraded Coupa Software from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Royal Bank Of Canada boosted their price objective on Coupa Software from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, June 1st. Morgan Stanley restated an “equal weight” rating and set a $31.00 price objective (up previously from $29.00) on shares of Coupa Software in a research note on Saturday, June 3rd. Barclays PLC boosted their price objective on Coupa Software from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 6th. Finally, JMP Securities restated an “outperform” rating and set a $40.00 price objective (up previously from $32.00) on shares of Coupa Software in a research note on Tuesday, June 6th.
In related news, CEO Robert Bernshteyn sold 1,841 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $30.70, for a total value of $56,518.70. Following the completion of the sale, the chief executive officer now directly owns 452,305 shares of the company’s stock, valued at $13,885,763.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Todd R. Ford sold 1,446 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $30.70, for a total value of $44,392.20. Following the completion of the sale, the chief financial officer now directly owns 4,059 shares of the company’s stock, valued at $124,611.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,776,719 shares of company stock valued at $55,474,606. 32.10% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its stake 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 buying an additional 3,511 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Coupa Software by 22.7% in the first quarter. Nationwide Fund Advisors now owns 5,131 shares of the technology company’s stock valued at $130,000 after buying an additional 949 shares in the last quarter. American International Group Inc. purchased a new stake in shares of Coupa Software during the first quarter valued at $132,000. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Coupa Software during the fourth quarter valued at $260,000. Finally, Teachers Advisors LLC purchased a new stake in shares of Coupa Software during the fourth quarter valued at $268,000. 52.87% of the stock is owned by hedge funds and other institutional investors.
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Coupa Software (COUP) traded up 1.40% during midday trading on Friday, hitting $29.74. The company had a trading volume of 151,736 shares. The stock has a 50 day moving average of $30.31 and a 200 day moving average of $28.74. Coupa Software has a 52-week low of $22.50 and a 52-week high of $41.61. The firm’s market cap is $1.58 billion.
Coupa Software (NASDAQ:COUP) last issued its quarterly earnings data on Monday, June 5th. The technology company reported ($0.09) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.05. The company had revenue of $41.10 million for the quarter, compared to analyst estimates of $38.33 million. The company’s revenue for the quarter was up 40.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.76) EPS. On average, analysts anticipate that Coupa Software will post ($0.51) EPS for the current year.
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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