Royal Bank Of Canada reaffirmed their buy rating on shares of Coupa Software (NASDAQ:COUP) in a report issued on Wednesday morning. Royal Bank Of Canada currently has a $41.00 price objective on the technology company’s stock.
Other analysts also recently issued research reports about the stock. ValuEngine raised shares of Coupa Software from a sell rating to a hold rating in a research report on Wednesday, October 18th. Cantor Fitzgerald reissued a buy rating and set a $36.00 price target on shares of Coupa Software in a research report on Wednesday, September 6th. Northland Securities reissued a buy rating and set a $38.00 price target on shares of Coupa Software in a research report on Thursday, August 10th. First Analysis began coverage on shares of Coupa Software in a research report on Monday, August 7th. They set an overweight rating and a $37.00 price target for the company. Finally, Zacks Investment Research downgraded shares of Coupa Software from a hold rating to a sell rating in a research report on Friday, September 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $35.16.
Shares of Coupa Software (NASDAQ:COUP) opened at $33.95 on Wednesday. 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 Tuesday, September 5th. The technology company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.18. Coupa Software had a negative net margin of 24.00% and a negative return on equity of 19.01%. The business had revenue of $44.60 million during the quarter, compared to the consensus estimate of $41.59 million. The company’s revenue was up 43.4% compared to the same quarter last year. equities research analysts predict that Coupa Software will post -1 earnings per share for the current year.
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In other Coupa Software news, CEO Robert Bernshteyn sold 63,225 shares of Coupa Software stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $35.71, for a total value of $2,257,764.75. Following the completion of the transaction, the chief executive officer now owns 239,671 shares of the company’s stock, valued at $8,558,651.41. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Anthony D. Tiscornia sold 2,344 shares of Coupa Software stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $31.37, for a total transaction of $73,531.28. Following the completion of the transaction, the insider now directly owns 1,563 shares of the company’s stock, valued at approximately $49,031.31. The disclosure for this sale can be found here. In the last ninety days, insiders sold 377,818 shares of company stock valued at $12,296,855. 32.10% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of COUP. BNP Paribas Arbitrage SA lifted its stake in 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 valued at $106,000 after buying an additional 3,511 shares during the last quarter. American International Group Inc. bought a new stake in Coupa Software in the first quarter valued at $132,000. Hillsdale Investment Management Inc. bought a new stake in Coupa Software in the second quarter valued at $142,000. Trexquant Investment LP bought a new stake in Coupa Software in the third quarter valued at $274,000. Finally, Symmetry Peak Management LLC bought a new stake in Coupa Software in the second quarter valued at $290,000. Institutional investors own 65.16% of the company’s stock.
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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