Coupa Software Inc (COUP) Receives $65.20 Consensus PT from Analysts

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

Several brokerages have recently commented on COUP. Zacks Investment Research lowered Coupa Software from a “buy” rating to a “hold” rating in a research note on Tuesday. Northland Securities lowered Coupa Software from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 11th. Loop Capital upped their price target on Coupa Software to $72.00 and gave the company a “hold” rating in a research note on Wednesday, September 5th. Raymond James upped their price target on Coupa Software from $60.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, September 5th. Finally, Needham & Company LLC upped their price target on Coupa Software from $63.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, September 5th.

In related news, CRO Steven M. Winter sold 11,336 shares of the stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $66.43, for a total transaction of $753,050.48. Following the transaction, the executive now owns 12,795 shares of the company’s stock, valued at approximately $849,971.85. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Veenendaal Frank Van sold 1,000 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the transaction, the director now directly owns 123,635 shares in the company, valued at approximately $9,927,890.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 293,604 shares of company stock worth $20,556,439. 6.50% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sylebra HK Co Ltd lifted its stake in Coupa Software by 4.5% during the 2nd quarter. Sylebra HK Co Ltd now owns 3,533,098 shares of the technology company’s stock worth $219,900,000 after acquiring an additional 150,823 shares in the last quarter. BlackRock Inc. lifted its stake in Coupa Software by 14.4% during the 3rd quarter. BlackRock Inc. now owns 3,480,491 shares of the technology company’s stock worth $275,308,000 after acquiring an additional 438,131 shares in the last quarter. Whale Rock Capital Management LLC lifted its stake in Coupa Software by 16.8% during the 2nd quarter. Whale Rock Capital Management LLC now owns 2,267,803 shares of the technology company’s stock worth $141,148,000 after acquiring an additional 326,727 shares in the last quarter. FMR LLC lifted its stake in Coupa Software by 42.3% during the 2nd quarter. FMR LLC now owns 1,774,407 shares of the technology company’s stock worth $110,439,000 after acquiring an additional 527,529 shares in the last quarter. Finally, Jackson Square Partners LLC acquired a new position in Coupa Software during the 3rd quarter worth about $87,361,000. 97.18% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:COUP traded down $4.75 during trading hours on Monday, hitting $63.73. The company had a trading volume of 1,317,058 shares, compared to its average volume of 919,213. The stock has a market cap of $3.99 billion, a P/E 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 issued its earnings results on Tuesday, September 4th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.13. The company had revenue of $61.65 million during the quarter, compared to analysts’ expectations of $56.61 million. Coupa Software had a negative return on equity of 16.73% and a negative net margin of 22.52%. Analysts predict that Coupa Software will post -0.98 EPS for the current year.

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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