Shares of Coupa Software (NASDAQ:COUP) have received an average recommendation of “Hold” from the fourteen analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $35.83.

Several brokerages have weighed in on COUP. ValuEngine raised Coupa Software from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Barclays reaffirmed a “hold” rating and set a $38.00 price target (up from $34.00) on shares of Coupa Software in a research report on Monday, November 27th. Zacks Investment Research raised Coupa Software from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $38.00 price target on shares of Coupa Software in a research report on Monday. Finally, Raymond James Financial reaffirmed a “buy” rating and set a $40.00 price target on shares of Coupa Software in a research report on Tuesday.

In related news, insider Anthony D. Tiscornia sold 782 shares of Coupa Software stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $34.00, for a total value of $26,588.00. Following the sale, the insider now directly owns 521 shares in the company, valued at approximately $17,714. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Steven M. Winter sold 11,336 shares of Coupa Software stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $34.33, for a total value of $389,164.88. Following the completion of the sale, the executive now owns 12,480 shares in the company, valued at $428,438.40. The disclosure for this sale can be found here. Insiders have sold a total of 521,293 shares of company stock worth $17,212,290 over the last 90 days. Insiders own 32.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of COUP. BNP Paribas Arbitrage SA boosted its holdings in Coupa Software by 2,294.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock worth $106,000 after buying an additional 3,511 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Coupa Software in the 2nd quarter worth about $142,000. Trexquant Investment LP acquired a new stake in Coupa Software in the 3rd quarter worth about $274,000. Symmetry Peak Management LLC acquired a new stake in Coupa Software in the 2nd quarter worth about $290,000. Finally, Legal & General Group Plc boosted its holdings in Coupa Software by 436.1% in the 2nd quarter. Legal & General Group Plc now owns 10,792 shares of the technology company’s stock worth $312,000 after buying an additional 8,779 shares during the last quarter. Institutional investors own 76.68% of the company’s stock.

Shares of Coupa Software (COUP) traded up $0.05 on Friday, reaching $33.61. The company’s stock had a trading volume of 285,600 shares, compared to its average volume of 471,663. Coupa Software has a 12 month low of $22.50 and a 12 month high of $37.72.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.06. The company had revenue of $47.30 million for the quarter, compared to the consensus estimate of $45.02 million. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The firm’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.22) EPS. equities analysts anticipate that Coupa Software will post -0.94 earnings per share for the current fiscal year.

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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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