Coupa Software (NASDAQ:COUP) Receives Daily News Impact Score of 0.15
Headlines about Coupa Software (NASDAQ:COUP) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Coupa Software earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 44.6307846099486 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Coupa Software (COUP) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Investors Peering into the Details on Coupa Software Inc (COUP) – Evergreen Caller (evergreencaller.com)
- Expenses management software market and investment management software industry forecast 2017-2022 explored in latest research (whatech.com)
- Marketo CMO Chandar Pattabhiram Leaves as Exec Shake-up Continues (cmswire.com)
- Global Sourcing Software Market to Grow at a CAGR of 8.19% During 2017-2021 – Capgemini, Coupa Software, IBM, SAP, sciQuest (sbwire.com)
Several equities research analysts have weighed in on COUP shares. Zacks Investment Research raised Coupa Software from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Cantor Fitzgerald started coverage on Coupa Software in a research report on Thursday, July 20th. They issued an “overweight” rating and a $35.00 target price on the stock. Northland Securities reaffirmed a “buy” rating and issued a $38.00 target price on shares of Coupa Software in a research report on Thursday. Barclays PLC increased their target price on Coupa Software from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 6th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $31.00 target price (up from $27.00) on shares of Coupa Software in a research report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $34.45.
Coupa Software (COUP) traded up 1.40% on Friday, hitting $29.74. The stock had a trading volume of 151,736 shares. The firm’s 50-day moving average price is $30.31 and its 200-day moving average price is $28.74. Coupa Software has a 1-year low of $22.50 and a 1-year high of $41.61. The firm’s market cap is $1.58 billion.
Coupa Software (NASDAQ:COUP) last posted its earnings results on Monday, June 5th. The technology company reported ($0.09) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.05. The company had revenue of $41.10 million for the quarter, compared to the consensus estimate of $38.33 million. Coupa Software’s quarterly revenue was up 40.8% compared to the same quarter last year. During the same quarter last year, the business earned ($1.76) EPS. On average, equities research analysts predict that Coupa Software will post ($0.51) earnings per share for the current year.
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 value of $56,518.70. Following the completion of the transaction, the chief executive officer now owns 452,305 shares in the company, valued at approximately $13,885,763.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ravi Thakur sold 11,240 shares of Coupa Software stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $35.13, for a total value of $394,861.20. Following the completion of the transaction, the insider now owns 79,061 shares of the company’s stock, valued at approximately $2,777,412.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,776,719 shares of company stock valued at $55,474,606. Corporate insiders own 32.10% of the company’s stock.
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.
Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.