Media headlines about Coupa Software (NASDAQ:COUP) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Coupa Software earned a coverage optimism score of 0.01 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 42.3190653986627 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Coupa Hits 52-Week High on Strong Portfolio & Rapid Adoption – Nasdaq (nasdaq.com)
- What’s Happening With These Internet Stocks? — ANGI Homeservices, Coupa Software, GoDaddy, and Net Element – PR Newswire (press release) (prnewswire.com)
- Insider Selling: Coupa Software Inc (COUP) Insider Sells 782 Shares of Stock (americanbankingnews.com)
- Coupa Software Inc (COUP) CRO Sells $438,703.20 in Stock (americanbankingnews.com)
- Workato, Coupa, and VictorOps Team Up to Address IT’s Role in Driving Digital Transformation (finance.yahoo.com)
Several research firms recently weighed in on COUP. Zacks Investment Research raised shares of Coupa Software from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Thursday, February 8th. SunTrust Banks began coverage on shares of Coupa Software in a research report on Wednesday, January 31st. They set a “buy” rating and a $45.00 price objective for the company. Morgan Stanley upped their price objective on shares of Coupa Software from $35.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. Northland Securities set a $41.00 price objective on shares of Coupa Software and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Needham & Company LLC started coverage on shares of Coupa Software in a research report on Wednesday, January 10th. They set a “buy” rating and a $39.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. Coupa Software currently has an average rating of “Buy” and an average price target of $39.24.
Coupa Software (COUP) opened at $41.53 on Friday. The company has a market capitalization of $2,290.00 and a PE ratio of -41.53. Coupa Software has a 52 week low of $22.50 and a 52 week high of $42.35.
Coupa Software (NASDAQ:COUP) last issued its earnings results on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.06. The firm had revenue of $47.30 million during the quarter, compared to the consensus estimate of $45.02 million. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The business’s quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.22) earnings per share. equities research analysts anticipate that Coupa Software will post -0.94 earnings per share for the current fiscal year.
In other 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 completion of the transaction, the insider now owns 14,306 shares of the company’s stock, valued at $458,364.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roger S. Siboni sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $32.26, for a total value of $645,200.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $645,200. The disclosure for this sale can be found here. In the last three months, insiders have sold 307,871 shares of company stock valued at $10,570,625. Insiders own 32.10% of the company’s stock.
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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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