Coupa Software Inc (NASDAQ:COUP) traded up 1.2% on Wednesday . The company traded as high as $40.31 and last traded at $39.51. 349,943 shares were traded during trading, a decline of 43% from the average session volume of 617,028 shares. The stock had previously closed at $39.99.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Coupa Software from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Thursday. Barclays reiterated a “hold” rating and issued a $38.00 target price (up previously from $34.00) on shares of Coupa Software in a research report on Monday, November 27th. Oppenheimer assumed coverage on Coupa Software in a research report on Thursday, December 21st. They issued a “buy” rating and a $41.00 target price on the stock. Morgan Stanley upped their target price on Coupa Software from $35.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. Finally, SunTrust Banks assumed coverage on Coupa Software in a research report on Wednesday, January 31st. They issued a “buy” rating and a $45.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $38.52.
The company has a market capitalization of $2,064.24, a PE ratio of -49.90 and a beta of 4.73.
Coupa Software (NASDAQ:COUP) last issued its earnings results on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, beating the Zacks’ 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 firm had revenue of $47.30 million for the quarter, compared to analyst estimates of $45.02 million. During the same quarter in the prior year, the firm earned ($0.22) earnings per share. Coupa Software’s revenue for the quarter was up 33.6% on a year-over-year basis. research analysts anticipate that Coupa Software Inc will post -0.94 earnings per share for the current year.
In other Coupa Software news, insider Ravi Thakur sold 11,240 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $32.04, for a total value of $360,129.60. Following the sale, the insider now owns 14,306 shares in the company, valued at approximately $458,364.24. 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 company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $33.95, for a total value of $2,146,488.75. Following the completion of the sale, the chief executive officer now owns 162,092 shares in the company, valued at approximately $5,503,023.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 358,346 shares of company stock worth $12,221,222. Insiders own 32.10% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Coupa Software by 260.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock worth $78,254,000 after purchasing an additional 1,950,862 shares in the last quarter. Sylebra HK Co Ltd boosted its position in Coupa Software by 79.9% in the 3rd quarter. Sylebra HK Co Ltd now owns 2,166,792 shares of the technology company’s stock worth $67,496,000 after purchasing an additional 962,418 shares in the last quarter. Victory Capital Management Inc. boosted its position in Coupa Software by 52.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,194,430 shares of the technology company’s stock worth $37,290,000 after purchasing an additional 410,240 shares in the last quarter. Soma Equity Partners LP boosted its position in Coupa Software by 60.0% in the 3rd quarter. Soma Equity Partners LP now owns 1,120,000 shares of the technology company’s stock worth $34,888,000 after purchasing an additional 420,000 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in Coupa Software in the 2nd quarter worth approximately $18,242,000. Institutional investors and hedge funds own 75.09% 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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