Oppenheimer started coverage on shares of Coupa Software (NASDAQ:COUP) in a research report sent to investors on Friday, December 29th. The firm issued an outperform rating and a $41.00 target price on the technology company’s stock.
Other research analysts also recently issued research reports about the stock. Barclays restated a hold rating and set a $38.00 price objective (up previously from $34.00) on shares of Coupa Software in a report on Monday, November 27th. Zacks Investment Research lowered shares of Coupa Software from a buy rating to a hold rating in a research report on Friday, December 8th. Cantor Fitzgerald reiterated a buy rating and set a $36.00 target price on shares of Coupa Software in a research report on Tuesday, December 5th. ValuEngine upgraded shares of Coupa Software from a sell rating to a hold rating in a research report on Wednesday, October 18th. Finally, Royal Bank of Canada lifted their target price on shares of Coupa Software from $40.00 to $41.00 and gave the company an outperform rating in a research report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. Coupa Software presently has a consensus rating of Buy and an average target price of $36.68.
Coupa Software (COUP) opened at $34.00 on Friday. The company has a market cap of $1,870.00 and a price-to-earnings ratio of -34.00. Coupa Software has a twelve month low of $22.50 and a twelve month high of $37.72.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data on Monday, December 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.06. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.40%. The company had revenue of $47.30 million for the quarter, compared to the consensus estimate of $45.02 million. During the same quarter in the previous year, the firm posted ($0.22) EPS. The business’s revenue was up 33.6% compared to the same quarter last year. equities analysts expect that Coupa Software will post -0.94 earnings per share for the current year.
In related news, insider Ravi Thakur sold 11,240 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $32.04, for a total transaction of $360,129.60. Following the completion of the sale, the insider now directly owns 14,306 shares of the company’s stock, valued at $458,364.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Todd R. Ford sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $35.50, for a total transaction of $426,000.00. Following the sale, the chief financial officer now directly owns 17,349 shares of the company’s stock, valued at $615,889.50. The disclosure for this sale can be found here. Insiders have sold 369,839 shares of company stock worth $12,633,920 over the last quarter. 32.10% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sylebra HK Co Ltd increased its stake in Coupa Software by 79.9% in the third quarter. Sylebra HK Co Ltd now owns 2,166,792 shares of the technology company’s stock valued at $67,496,000 after purchasing an additional 962,418 shares in the last quarter. Crestline Management LP bought a new stake in Coupa Software in the third quarter valued at approximately $909,000. Jane Street Group LLC bought a new stake in Coupa Software in the third quarter valued at approximately $368,000. Engineers Gate Manager LP bought a new stake in Coupa Software in the third quarter valued at approximately $1,781,000. Finally, AlpInvest Partners B.V. bought a new stake in Coupa Software in the third quarter valued at approximately $10,236,000. 74.67% of the stock is owned by institutional investors and hedge funds.
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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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