Coupa Software (COUP) Given Consensus Recommendation of “Hold” by Brokerages
Coupa Software (NASDAQ:COUP) has received a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $35.16.
A number of analysts recently weighed in on COUP shares. Cantor Fitzgerald started coverage on shares of Coupa Software in a research report on Thursday, July 20th. They issued an “overweight” rating and a $35.00 price target on the stock. Zacks Investment Research downgraded shares of Coupa Software from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Royal Bank Of Canada increased their price target on shares of Coupa Software from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Wednesday, September 6th. First Analysis started coverage on shares of Coupa Software in a research report on Monday, August 7th. They issued an “overweight” rating and a $37.00 price target on the stock. Finally, Northland Securities reiterated a “buy” rating and issued a $38.00 price target on shares of Coupa Software in a research report on Thursday, August 10th.
In other news, CEO Robert Bernshteyn sold 63,225 shares of Coupa Software stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $29.45, for a total value of $1,861,976.25. Following the sale, the chief executive officer now directly owns 324,014 shares in the company, valued at $9,542,212.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Todd R. Ford sold 12,000 shares of Coupa Software stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $29.45, for a total transaction of $353,400.00. Following the completion of the sale, the chief financial officer now owns 14,613 shares in the company, valued at $430,352.85. The disclosure for this sale can be found here. Insiders sold 440,926 shares of company stock worth $14,062,648 over the last quarter. 32.10% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Trust Advisors LP acquired a new stake in shares of Coupa Software in the third quarter valued at approximately $1,280,000. Verition Fund Management LLC acquired a new stake in shares of Coupa Software in the second quarter valued at approximately $384,000. California State Teachers Retirement System raised its holdings in shares of Coupa Software by 205.2% in the second quarter. California State Teachers Retirement System now owns 52,800 shares of the technology company’s stock valued at $1,530,000 after purchasing an additional 35,500 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Coupa Software by 211.3% in the second quarter. The Manufacturers Life Insurance Company now owns 23,904 shares of the technology company’s stock valued at $693,000 after purchasing an additional 16,226 shares during the last quarter. Finally, Sylebra HK Co Ltd raised its holdings in shares of Coupa Software by 6.5% in the second quarter. Sylebra HK Co Ltd now owns 1,204,374 shares of the technology company’s stock valued at $34,903,000 after purchasing an additional 73,654 shares during the last quarter. Institutional investors own 63.63% of the company’s stock.
Coupa Software (NASDAQ:COUP) traded up 0.40% during midday trading on Thursday, hitting $35.04. 88,298 shares of the stock were exchanged. The company has a 50 day moving average price of $33.07 and a 200 day moving average price of $33.07. Coupa Software has a one year low of $22.50 and a one year high of $36.43. The firm’s market capitalization is $1.88 billion.
Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Tuesday, September 5th. The technology company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.18. The business had revenue of $44.60 million for the quarter, compared to the consensus estimate of $41.59 million. Coupa Software had a negative net margin of 24.00% and a negative return on equity of 19.01%. The firm’s quarterly revenue was up 43.4% compared to the same quarter last year. Equities analysts anticipate that Coupa Software will post ($0.48) EPS for the current year.
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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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