Shares of Coupa Software Inc (NASDAQ:COUP) saw unusually-strong trading volume on Thursday . Approximately 1,220,266 shares changed hands during mid-day trading, an increase of 156% from the previous session’s volume of 476,946 shares.The stock last traded at $33.59 and had previously closed at $32.00.

Several research analysts have recently commented on COUP shares. Barclays raised Coupa Software from an “equal weight” rating to an “overweight” rating and set a $38.00 price target for the company in a research report on Monday, January 8th. Royal Bank of Canada reissued a “buy” rating and issued a $41.00 price target on shares of Coupa Software in a research report on Wednesday, November 15th. Zacks Investment Research raised Coupa Software from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Raymond James Financial reaffirmed a “buy” rating and set a $40.00 target price on shares of Coupa Software in a research report on Tuesday, December 12th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $38.00 target price on shares of Coupa Software in a research report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $36.68.

The company has a market cap of $1,849.01, a PE ratio of -42.50 and a beta of 4.39.

Coupa Software (NASDAQ:COUP) last announced its earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company posted ($0.22) EPS. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. equities research analysts forecast that Coupa Software Inc will post -0.94 earnings per share for the current fiscal year.

In other Coupa Software news, CEO Robert Bernshteyn sold 24,122 shares of the business’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $35.51, for a total transaction of $856,572.22. Following the sale, the chief executive officer now owns 239,671 shares in the company, valued at approximately $8,510,717.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Todd R. Ford sold 12,000 shares of the business’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $35.50, for a total value of $426,000.00. Following the sale, the chief financial officer now owns 17,349 shares in the company, valued at approximately $615,889.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 369,839 shares of company stock worth $12,633,920. Company insiders own 32.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Verition Fund Management LLC purchased a new stake in Coupa Software during the 2nd quarter valued at about $384,000. Sylebra HK Co Ltd grew its stake in Coupa Software by 6.5% during the 2nd quarter. Sylebra HK Co Ltd now owns 1,204,374 shares of the technology company’s stock valued at $34,903,000 after purchasing an additional 73,654 shares during the last quarter. Vanguard Group Inc. grew 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 last quarter. Capital World Investors grew 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 last quarter. Finally, Wells Fargo & Company MN grew its stake in Coupa Software by 17.2% during the 2nd quarter. Wells Fargo & Company MN now owns 321,265 shares of the technology company’s stock valued at $9,310,000 after purchasing an additional 47,131 shares during the last quarter. Institutional investors and hedge funds own 74.67% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Coupa Software (COUP) Sees Unusually-High Trading Volume” was posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://www.watchlistnews.com/coupa-software-coup-sees-unusually-high-trading-volume/1805835.html.

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 Analyst Ratings Network's FREE daily email newsletter.