Coupa Software Inc (COUP) Receives Average Recommendation of “Buy” from Analysts

Shares of Coupa Software Inc (NASDAQ:COUP) have been given a consensus rating of “Buy” by the sixteen research firms that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $92.33.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Coupa Software from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Needham & Company LLC reissued a “buy” rating and issued a $108.00 target price (up from $83.00) on shares of Coupa Software in a report on Tuesday, March 12th. They noted that the move was a valuation call. Barclays reissued a “hold” rating and issued a $86.00 target price on shares of Coupa Software in a report on Wednesday, March 13th. Goldman Sachs Group assumed coverage on shares of Coupa Software in a report on Friday, February 1st. They issued a “buy” rating and a $96.00 target price for the company. Finally, Raymond James increased their target price on shares of Coupa Software from $86.00 to $107.00 in a report on Tuesday, March 12th.

In other news, CAO Anthony D. Tiscornia sold 901 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $96.19, for a total transaction of $86,667.19. Following the completion of the transaction, the chief accounting officer now directly owns 828 shares in the company, valued at approximately $79,645.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Riggs sold 1,106 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $90.30, for a total value of $99,871.80. Following the transaction, the insider now owns 4,664 shares of the company’s stock, valued at $421,159.20. The disclosure for this sale can be found here. Insiders sold a total of 323,612 shares of company stock valued at $28,137,713 over the last 90 days. 6.50% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Coupa Software by 20.9% during the fourth quarter. BlackRock Inc. now owns 4,206,903 shares of the technology company’s stock valued at $264,447,000 after buying an additional 726,412 shares during the period. Vanguard Group Inc. boosted its position in Coupa Software by 11.3% during the third quarter. Vanguard Group Inc. now owns 4,610,782 shares of the technology company’s stock valued at $364,712,000 after purchasing an additional 467,714 shares in the last quarter. Vanguard Group Inc boosted its position in Coupa Software by 11.3% during the third quarter. Vanguard Group Inc now owns 4,610,782 shares of the technology company’s stock valued at $364,712,000 after purchasing an additional 467,714 shares in the last quarter. Norges Bank bought a new stake in Coupa Software during the fourth quarter valued at about $19,200,000. Finally, Jennison Associates LLC bought a new stake in Coupa Software during the fourth quarter valued at about $18,014,000. Hedge funds and other institutional investors own 98.71% of the company’s stock.

NASDAQ COUP traded down $3.64 on Thursday, hitting $88.96. 49,574 shares of the company were exchanged, compared to its average volume of 2,087,509. The firm has a market cap of $5.59 billion, a PE ratio of -132.88 and a beta of 1.85. Coupa Software has a 12 month low of $44.26 and a 12 month high of $100.00.

Coupa Software (NASDAQ:COUP) last issued its earnings results on Monday, March 11th. The technology company reported ($0.18) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.08. The company had revenue of $74.91 million during the quarter, compared to the consensus estimate of $68.07 million. Coupa Software had a negative return on equity of 14.28% and a negative net margin of 21.33%. As a group, equities analysts anticipate that Coupa Software will post -0.68 EPS for the current year.

About Coupa Software

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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