Shares of Coupa Software Inc (NASDAQ:COUP) have earned a consensus rating of “Buy” from the seventeen analysts that are covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $63.71.

COUP has been the subject of a number of recent research reports. Needham & Company LLC increased their price objective on Coupa Software from $63.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Northland Securities cut Coupa Software from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 11th. Royal Bank of Canada increased their price objective on Coupa Software from $61.00 to $71.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 18th. Zacks Investment Research cut Coupa Software from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Loop Capital increased their price objective on Coupa Software to $72.00 and gave the stock a “hold” rating in a research report on Wednesday, September 5th.

NASDAQ:COUP traded down $4.75 during mid-day trading on Monday, reaching $63.73. 1,317,058 shares of the stock were exchanged, compared to its average volume of 919,213. The company has a market capitalization of $3.99 billion, a PE ratio of -83.86 and a beta of 1.79. Coupa Software has a 1 year low of $30.65 and a 1 year high of $84.53.

Coupa Software (NASDAQ:COUP) last released its quarterly earnings results on Tuesday, September 4th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.13. The firm had revenue of $61.65 million for the quarter, compared to the consensus estimate of $56.61 million. Coupa Software had a negative return on equity of 16.73% and a negative net margin of 22.52%. Equities research analysts predict that Coupa Software will post -0.98 EPS for the current fiscal year.

In other news, SVP Ravi Thakur sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $71.32, for a total value of $713,200.00. Following the completion of the sale, the senior vice president now directly owns 15,350 shares of the company’s stock, valued at approximately $1,094,762. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Bernshteyn sold 63,225 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $66.73, for a total value of $4,219,004.25. Following the completion of the sale, the chief executive officer now directly owns 204,218 shares of the company’s stock, valued at $13,627,467.14. The disclosure for this sale can be found here. Insiders have sold a total of 293,604 shares of company stock valued at $20,556,439 over the last ninety days. 6.50% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of COUP. BlackRock Inc. lifted its holdings in shares of Coupa Software by 58.9% in the 2nd quarter. BlackRock Inc. now owns 3,042,360 shares of the technology company’s stock valued at $189,357,000 after buying an additional 1,128,149 shares during the period. Jackson Square Partners LLC acquired a new stake in shares of Coupa Software in the 3rd quarter valued at approximately $87,361,000. FMR LLC lifted its holdings in shares of Coupa Software by 42.3% in the 2nd quarter. FMR LLC now owns 1,774,407 shares of the technology company’s stock valued at $110,439,000 after buying an additional 527,529 shares during the period. Soros Fund Management LLC acquired a new stake in shares of Coupa Software in the 2nd quarter valued at approximately $31,120,000. Finally, Whale Rock Capital Management LLC lifted its holdings in shares of Coupa Software by 16.8% in the 2nd quarter. Whale Rock Capital Management LLC now owns 2,267,803 shares of the technology company’s stock valued at $141,148,000 after buying an additional 326,727 shares during the period. 97.18% of the stock is owned by institutional investors and hedge funds.

Coupa Software Company Profile

Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.

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Analyst Recommendations for Coupa Software (NASDAQ:COUP)

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