Coupa Software Inc (COUP) Short Interest Update

Coupa Software Inc (NASDAQ:COUP) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 2,395,676 shares, an increase of 112.0% from the January 12th total of 1,129,968 shares. Currently, 6.9% of the shares of the stock are sold short. Based on an average daily volume of 632,400 shares, the days-to-cover ratio is presently 3.8 days.

A number of research analysts recently weighed in on COUP shares. Royal Bank of Canada reissued a “buy” rating and issued a $41.00 target price on shares of Coupa Software in a report on Wednesday, November 15th. Barclays reaffirmed a “hold” rating and set a $38.00 price objective (up from $34.00) on shares of Coupa Software in a research note on Monday, November 27th. CIBC began coverage on shares of Coupa Software in a research note on Friday, December 22nd. They set an “outperform” rating and a $41.00 price objective for the company. Raymond James Financial reaffirmed a “buy” rating and set a $40.00 price objective on shares of Coupa Software in a research note on Tuesday, December 12th. Finally, Oppenheimer began coverage on shares of Coupa Software in a research note on Thursday, December 21st. They set a “buy” rating and a $41.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $38.52.

In related news, insider Ravi Thakur sold 11,240 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $39.02, for a total value of $438,584.80. Following the completion of the transaction, the insider now directly owns 14,306 shares of the company’s stock, valued at $558,220.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert Bernshteyn sold 63,225 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $33.95, for a total transaction of $2,146,488.75. Following the completion of the transaction, the chief executive officer now directly owns 162,092 shares of the company’s stock, valued at $5,503,023.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 358,346 shares of company stock valued at $12,221,222. 32.10% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of Coupa Software during the fourth quarter worth $233,000. Essex Investment Management Co. LLC bought a new stake in shares of Coupa Software during the fourth quarter worth $242,000. Personal Capital Advisors Corp bought a new stake in shares of Coupa Software during the fourth quarter worth $261,000. UBS Asset Management Americas Inc. bought a new stake in shares of Coupa Software during the fourth quarter worth $268,000. Finally, Trexquant Investment LP bought a new stake in shares of Coupa Software during the third quarter worth $274,000. Institutional investors and hedge funds own 75.09% of the company’s stock.

Coupa Software (NASDAQ:COUP) remained flat at $$39.16 during midday trading on Friday. The company’s stock had a trading volume of 1,030,088 shares, compared to its average volume of 650,782. The company has a market capitalization of $2,197.46, a PE ratio of -48.95 and a beta of 4.73. Coupa Software has a 1 year low of $22.50 and a 1 year high of $40.31.

Coupa Software (NASDAQ:COUP) last released its 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. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The business had revenue of $47.30 million during the quarter, compared to the consensus estimate of $45.02 million. During the same period last year, the company earned ($0.22) earnings per share. The business’s revenue for the quarter was up 33.6% compared to the same quarter last year. equities analysts predict that Coupa Software will post -0.94 EPS 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.

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