Cantor Fitzgerald Reiterates “Buy” Rating for Coupa Software (COUP)
Coupa Software (NASDAQ:COUP)‘s stock had its “buy” rating reiterated by equities research analysts at Cantor Fitzgerald in a research report issued on Monday. They presently have a $38.00 price target on the technology company’s stock. Cantor Fitzgerald’s price target points to a potential upside of 12.83% from the company’s previous close.
Several other research analysts have also weighed in on the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $41.00 target price on shares of Coupa Software in a research report on Wednesday, November 15th. Zacks Investment Research lowered Coupa Software from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Barclays reaffirmed a “hold” rating and issued a $38.00 target price (up from $34.00) on shares of Coupa Software in a research report on Monday, November 27th. Finally, ValuEngine upgraded Coupa Software from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Coupa Software presently has a consensus rating of “Hold” and an average target price of $35.84.
Coupa Software (COUP) opened at $33.68 on Monday. Coupa Software has a 52-week low of $22.50 and a 52-week high of $37.72.
Coupa Software (NASDAQ:COUP) last issued its earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.06. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The company had revenue of $47.30 million for the quarter, compared to analyst estimates of $45.02 million. During the same period in the prior year, the firm posted ($0.22) EPS. The business’s revenue was up 33.6% compared to the same quarter last year. sell-side analysts anticipate that Coupa Software will post -0.94 EPS for the current fiscal year.
In related news, CFO Todd R. Ford sold 12,000 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $31.56, for a total transaction of $378,720.00. Following the completion of the sale, the chief financial officer now owns 14,613 shares in the company, valued at approximately $461,186.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Anthony D. Tiscornia sold 2,443 shares of the stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $35.44, for a total value of $86,579.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 509,175 shares of company stock valued at $16,796,537. 32.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Coupa Software by 260.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock valued at $78,254,000 after purchasing an additional 1,950,862 shares during the period. Sylebra HK Co Ltd boosted its stake in Coupa Software by 79.9% during the 3rd quarter. Sylebra HK Co Ltd now owns 2,166,792 shares of the technology company’s stock valued at $67,496,000 after purchasing an additional 962,418 shares during the period. Capital World Investors boosted its stake in Coupa Software by 39.2% during the 2nd quarter. Capital World Investors now owns 1,837,112 shares of the technology company’s stock valued at $53,240,000 after purchasing an additional 517,000 shares during the period. Soma Equity Partners LP boosted its stake in Coupa Software by 60.0% during the 3rd quarter. Soma Equity Partners LP now owns 1,120,000 shares of the technology company’s stock valued at $34,888,000 after purchasing an additional 420,000 shares during the period. Finally, Federated Investors Inc. PA boosted its stake in Coupa Software by 110.5% during the 2nd quarter. Federated Investors Inc. PA now owns 1,073,100 shares of the technology company’s stock valued at $31,098,000 after purchasing an additional 563,200 shares during the period. Hedge funds and other institutional investors own 76.68% of the company’s stock.
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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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