Coupa Software (COUP) Earning Somewhat Favorable News Coverage, Report Finds
News coverage about Coupa Software (NASDAQ:COUP) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Coupa Software earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 44.3547504934205 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Coupa scoops up Simeno to bolster online catalogue capabilities – Supply Chain Digital – Supply Chain News, Magazine and Website (supplychaindigital.com)
- Travel and Expense Management Software Market Research, Share, Size, Analysis, Report and Forecast to 2027 (sbwire.com)
- Coupa Software (COUP) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- InfluxData Joins Eclipse Foundation and IoT Working Group (business.newsfactor.com)
- S.F. software maker doubles revenue as it moves into new headquarters (bizjournals.com)
Shares of Coupa Software (NASDAQ COUP) opened at $32.50 on Thursday. Coupa Software has a one year low of $22.50 and a one year high of $37.72.
COUP has been the subject of a number of analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $41.00 price target on shares of Coupa Software in a report on Wednesday, November 15th. Zacks Investment Research downgraded Coupa Software from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Barclays reissued a “hold” rating and issued a $38.00 price target (up previously from $34.00) on shares of Coupa Software in a report on Monday, November 27th. Cantor Fitzgerald reissued a “buy” rating and issued a $36.00 price target on shares of Coupa Software in a report on Wednesday, September 6th. Finally, ValuEngine raised Coupa Software from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Coupa Software currently has an average rating of “Hold” and an average price target of $35.84.
In other Coupa Software news, insider Anthony D. Tiscornia sold 781 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $33.18, for a total transaction of $25,913.58. Following the sale, the insider now owns 521 shares in the company, valued at $17,286.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Steven M. Winter sold 40,086 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $30.70, for a total value of $1,230,640.20. Following the sale, the executive now owns 1,633 shares in the company, valued at $50,133.10. The disclosure for this sale can be found here. Insiders have sold 517,670 shares of company stock worth $17,220,269 in the last 90 days. 32.10% of the stock is currently owned by insiders.
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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