Coupa Software (NASDAQ:COUP) had its price objective boosted by analysts at Loop Capital to $48.00 in a note issued to investors on Wednesday. The firm presently has a “hold” rating on the technology company’s stock. Loop Capital’s price target points to a potential upside of 2.78% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. Royal Bank of Canada restated a “buy” rating and issued a $41.00 target price on shares of Coupa Software in a research report on Wednesday, November 15th. Northland Securities set a $41.00 target price on Coupa Software and gave the company a “buy” rating in a research report on Wednesday, January 17th. Needham & Company LLC started coverage on Coupa Software in a research report on Wednesday, January 10th. They issued a “buy” rating and a $39.00 target price on the stock. Zacks Investment Research upgraded Coupa Software from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Thursday, December 7th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $36.00 target price on shares of Coupa Software in a research report on Tuesday, December 5th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Coupa Software currently has an average rating of “Buy” and an average target price of $46.13.
Coupa Software (NASDAQ:COUP) traded down $0.83 during midday trading on Wednesday, hitting $46.70. The stock had a trading volume of 327,823 shares, compared to its average volume of 773,380. The stock has a market capitalization of $2,707.19, a P/E ratio of -56.27 and a beta of 1.29. Coupa Software has a 1-year low of $22.50 and a 1-year high of $50.69.
In other Coupa Software news, CFO Todd R. Ford sold 12,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $33.15, for a total transaction of $397,800.00. Following the completion of the sale, the chief financial officer now owns 17,349 shares of the company’s stock, valued at $575,119.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert Bernshteyn sold 63,225 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $33.13, for a total value of $2,094,644.25. Following the sale, the chief executive officer now directly owns 162,343 shares of the company’s stock, valued at approximately $5,378,423.59. The disclosure for this sale can be found here. In the last ninety days, insiders sold 287,753 shares of company stock valued at $10,593,997. Insiders own 32.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its stake in Coupa Software by 2,294.8% during the second quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock worth $106,000 after acquiring an additional 3,511 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Coupa Software during the second quarter worth $142,000. Nationwide Fund Advisors increased its stake in Coupa Software by 22.7% during the first quarter. Nationwide Fund Advisors now owns 5,131 shares of the technology company’s stock worth $130,000 after acquiring an additional 949 shares during the last quarter. American International Group Inc. acquired a new stake in Coupa Software during the first quarter worth $132,000. Finally, Ensemble Capital Management LLC acquired a new stake in Coupa Software during the fourth quarter worth $203,000. 88.39% of the stock is owned by institutional investors.
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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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