COUPA SOFTWARE (COUP) Now Covered by Analysts at First Analysis
First Analysis initiated coverage on shares of COUPA SOFTWARE (NASDAQ:COUP) in a research report sent to investors on Monday, Marketbeat reports. The firm issued an overweight rating and a $37.00 target price on the technology company’s stock.
COUP has been the subject of several other reports. Morgan Stanley reaffirmed an equal weight rating and issued a $31.00 target price (up from $29.00) on shares of COUPA SOFTWARE in a research report on Saturday, June 3rd. JMP Securities reaffirmed an outperform rating and issued a $40.00 target price (up from $32.00) on shares of COUPA SOFTWARE in a research report on Tuesday, June 6th. Royal Bank Of Canada raised their target price on COUPA SOFTWARE from $35.00 to $40.00 and gave the stock an outperform rating in a research report on Thursday, June 1st. BTIG Research assumed coverage on COUPA SOFTWARE in a research report on Monday, June 12th. They issued a buy rating and a $44.00 target price for the company. Finally, Raymond James Financial, Inc. reaffirmed an outperform rating and issued a $40.00 target price (up from $34.00) on shares of COUPA SOFTWARE in a research report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. COUPA SOFTWARE presently has a consensus rating of Hold and a consensus target price of $34.16.
COUPA SOFTWARE (NASDAQ:COUP) traded up 1.13% during mid-day trading on Monday, reaching $31.23. 268,018 shares of the company’s stock traded hands. COUPA SOFTWARE has a 12 month low of $22.50 and a 12 month high of $41.61. The stock’s market capitalization is $1.65 billion. The firm’s 50-day moving average price is $30.42 and its 200 day moving average price is $28.51.
COUPA SOFTWARE (NASDAQ:COUP) last issued its earnings results on Monday, June 5th. The technology company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.05. The firm had revenue of $41.10 million during the quarter, compared to the consensus estimate of $38.33 million. The firm’s revenue for the quarter was up 40.8% compared to the same quarter last year. During the same period last year, the business earned ($1.76) earnings per share. Equities research analysts predict that COUPA SOFTWARE will post ($0.51) EPS for the current year.
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In other COUPA SOFTWARE news, CEO Robert Bernshteyn sold 1,841 shares of COUPA SOFTWARE stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $30.70, for a total transaction of $56,518.70. Following the completion of the transaction, the chief executive officer now directly owns 452,305 shares of the company’s stock, valued at $13,885,763.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Todd R. Ford sold 1,446 shares of COUPA SOFTWARE stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $30.70, for a total value of $44,392.20. Following the transaction, the chief financial officer now directly owns 4,059 shares of the company’s stock, valued at $124,611.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,776,719 shares of company stock valued at $55,474,606. Company insiders own 32.10% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp bought a new position in shares of COUPA SOFTWARE during the fourth quarter worth about $2,224,000. Stoneridge Investment Partners LLC bought a new position in shares of COUPA SOFTWARE during the first quarter worth about $850,000. Jane Street Group LLC bought a new position in shares of COUPA SOFTWARE during the first quarter worth about $1,278,000. FMR LLC bought a new position in shares of COUPA SOFTWARE during the fourth quarter worth about $603,000. Finally, Ameriprise Financial Inc. boosted its position in shares of COUPA SOFTWARE by 40.4% in the first quarter. Ameriprise Financial Inc. now owns 41,035 shares of the technology company’s stock worth $1,042,000 after buying an additional 11,800 shares during the last quarter. 52.87% of the stock is owned by institutional investors.
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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