Barclays Increases Coupa Software (COUP) Price Target to $47.00
Coupa Software (NASDAQ:COUP) had its price objective lifted by Barclays from $38.00 to $47.00 in a research report issued on Monday. The firm presently has an “overweight” rating on the technology company’s stock. Barclays’ price target suggests a potential upside of 0.53% from the company’s previous close.
Several other research firms have also issued reports on COUP. Zacks Investment Research upgraded shares of Coupa Software from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Raymond James Financial restated a “buy” rating and issued a $40.00 target price on shares of Coupa Software in a report on Tuesday, December 12th. Royal Bank of Canada restated a “buy” rating and issued a $41.00 target price on shares of Coupa Software in a report on Wednesday, November 15th. Oppenheimer started coverage on shares of Coupa Software in a report on Thursday, December 21st. They issued a “buy” rating and a $41.00 target price for the company. Finally, Morgan Stanley raised their target price on shares of Coupa Software from $35.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $40.80.
Coupa Software (NASDAQ COUP) traded up $1.19 during mid-day trading on Monday, reaching $46.75. 308,658 shares of the company’s stock traded hands, compared to its average volume of 722,526. Coupa Software has a fifty-two week low of $22.50 and a fifty-two week high of $47.12. The company has a market capitalization of $2,507.92, a price-to-earnings ratio of -56.95 and a beta of 1.29.
In other Coupa Software news, SVP Ravi Thakur sold 11,240 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $44.38, for a total transaction of $498,831.20. Following the transaction, the senior vice president now owns 14,306 shares of the company’s stock, valued at approximately $634,900.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony D. Tiscornia sold 782 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $34.00, for a total transaction of $26,588.00. Following the transaction, the insider now directly owns 521 shares in the company, valued at approximately $17,714. The disclosure for this sale can be found here. Insiders have sold a total of 319,871 shares of company stock valued at $11,654,950 in the last quarter. 32.10% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Ensemble Capital Management LLC purchased a new position in Coupa Software during the 4th quarter valued at about $203,000. Virtu Financial LLC purchased a new position in shares of Coupa Software in the 4th quarter worth approximately $233,000. Essex Investment Management Co. LLC purchased a new position in shares of Coupa Software in the 4th quarter worth approximately $242,000. Personal Capital Advisors Corp purchased a new position in shares of Coupa Software in the 4th quarter worth approximately $261,000. Finally, UBS Asset Management Americas Inc. purchased a new position in shares of Coupa Software in the 4th quarter worth approximately $268,000. 88.39% of the stock is currently owned by institutional investors and hedge funds.
Coupa Software Company Profile
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.
Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.