Coupa Software (NASDAQ:COUP)‘s stock had its “buy” rating reaffirmed by equities research analysts at Raymond James Financial in a research report issued on Tuesday. They presently have a $40.00 target price on the technology company’s stock. Raymond James Financial’s price objective suggests a potential upside of 18.76% from the stock’s previous close.

COUP has been the topic of several other research reports. Royal Bank of Canada restated a “buy” rating and set a $41.00 target price on shares of Coupa Software in a research report on Wednesday, November 15th. Zacks Investment Research upgraded Coupa Software from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Cantor Fitzgerald restated a “buy” rating and set a $38.00 target price on shares of Coupa Software in a research report on Monday. ValuEngine upgraded Coupa Software from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Barclays restated a “hold” rating and set a $38.00 target price (up previously from $34.00) on shares of Coupa Software in a research report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.84.

Coupa Software (NASDAQ:COUP) traded down $0.32 during midday trading on Tuesday, hitting $33.68. The company’s stock had a trading volume of 715,100 shares, compared to its average volume of 473,383. Coupa Software has a 1 year low of $22.50 and a 1 year high of $37.72.

Coupa Software (NASDAQ:COUP) last released its quarterly earnings results on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The firm had revenue of $47.30 million for the quarter, compared to analyst estimates of $45.02 million. During the same quarter in the previous year, the company posted ($0.22) EPS. 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 fiscal year.

In related news, Director Roger S. Siboni sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $32.26, for a total transaction of $645,200.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $645,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ravi Thakur sold 11,240 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $31.35, for a total value of $352,374.00. Following the transaction, the insider now directly owns 35,916 shares in the company, valued at $1,125,966.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 509,175 shares of company stock worth $16,796,537. 32.10% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of 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 worth $106,000 after purchasing an additional 3,511 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Coupa Software in the second quarter worth approximately $142,000. 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 worth $130,000 after purchasing an additional 949 shares during the last quarter. American International Group Inc. purchased a new stake in shares of Coupa Software in the first quarter worth approximately $132,000. Finally, Trexquant Investment LP purchased a new stake in shares of Coupa Software in the third quarter worth approximately $274,000. 76.68% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Coupa Software (NASDAQ:COUP)

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