Coupa Software (COUP) Rating Reiterated by Cantor Fitzgerald
Coupa Software (NASDAQ:COUP)‘s stock had its “buy” rating reiterated by stock analysts at Cantor Fitzgerald in a report released on Tuesday. They presently have a $36.00 price target on the technology company’s stock. Cantor Fitzgerald’s price target points to a potential upside of 10.50% from the company’s current price.
Other equities research analysts have also issued reports about the company. Northland Securities restated a “buy” rating and issued a $38.00 target price on shares of Coupa Software in a report on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating and issued a $41.00 target price on shares of Coupa Software in a report on Wednesday, November 15th. Zacks Investment Research upgraded Coupa Software from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. ValuEngine upgraded Coupa Software from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Barclays restated a “hold” rating and set a $38.00 price objective (up from $34.00) on shares of Coupa Software in a research report on Monday, November 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. Coupa Software presently has an average rating of “Hold” and an average target price of $35.66.
Shares of Coupa Software (NASDAQ COUP) traded down $1.04 during midday trading on Tuesday, hitting $32.58. The company had a trading volume of 1,749,100 shares, compared to its average volume of 471,905. Coupa Software has a 1-year low of $22.50 and a 1-year high of $37.72.
In other news, insider Ravi Thakur sold 11,240 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $31.35, for a total transaction of $352,374.00. Following the sale, the insider now owns 35,916 shares in the company, valued at $1,125,966.60. 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 2,344 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $31.37, for a total value of $73,531.28. Following the sale, the insider now owns 1,563 shares in the company, valued at approximately $49,031.31. The disclosure for this sale can be found here. Insiders sold 491,519 shares of company stock worth $16,224,868 over the last quarter. Company insiders own 32.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in COUP. Vanguard Group Inc. grew its holdings in shares of Coupa Software by 260.3% during the second quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock worth $78,254,000 after purchasing an additional 1,950,862 shares during the last quarter. Sylebra HK Co Ltd lifted its stake in shares of Coupa Software by 79.9% during the third quarter. Sylebra HK Co Ltd now owns 2,166,792 shares of the technology company’s stock valued at $67,496,000 after acquiring an additional 962,418 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Coupa Software during the third quarter valued at $24,428,000. Voya Investment Management LLC acquired a new position in shares of Coupa Software during the second quarter valued at $22,196,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Coupa Software during the second quarter valued at $18,242,000. Institutional investors own 76.68% of the company’s stock.
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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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