Coupa Software (COUP) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of Coupa Software (NASDAQ:COUP) from a hold rating to a buy rating in a research report released on Thursday. The brokerage currently has $101.00 target price on the technology company’s stock.
According to Zacks, “Coupa Software Inc. provides cloud-based spend management platform which connects organizations with suppliers. Coupa Software Inc. is based in SAN MATEO, United States. “
A number of other research analysts have also weighed in on COUP. Needham & Company LLC reaffirmed a buy rating and set a $108.00 price objective (up previously from $83.00) on shares of Coupa Software in a report on Tuesday, March 12th. They noted that the move was a valuation call. Loop Capital upped their price objective on Coupa Software to $105.00 and gave the stock a buy rating in a report on Wednesday. SunTrust Banks upped their price objective on Coupa Software to $110.00 and gave the stock a buy rating in a report on Tuesday, March 12th. Royal Bank of Canada upped their price objective on Coupa Software from $84.00 to $104.00 and gave the stock an outperform rating in a report on Friday, March 8th. Finally, JMP Securities reaffirmed a hold rating on shares of Coupa Software in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $93.00.
Coupa Software (NASDAQ:COUP) last announced its quarterly earnings data on Monday, March 11th. The technology company reported ($0.18) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.08. Coupa Software had a negative return on equity of 14.84% and a negative net margin of 21.33%. The firm had revenue of $74.91 million for the quarter, compared to analyst estimates of $68.07 million. Analysts expect that Coupa Software will post -0.64 EPS for the current fiscal year.
In other Coupa Software news, insider Anthony D. Tiscornia sold 781 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $95.65, for a total transaction of $74,702.65. Following the sale, the insider now directly owns 521 shares in the company, valued at $49,833.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark Riggs sold 929 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $95.72, for a total value of $88,923.88. Following the sale, the insider now owns 3,655 shares in the company, valued at $349,856.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 296,631 shares of company stock worth $22,811,237. 6.50% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of COUP. Captrust Financial Advisors lifted its position in shares of Coupa Software by 58.1% in the fourth quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock valued at $28,000 after acquiring an additional 161 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Coupa Software in the fourth quarter valued at $31,000. PRW Wealth Management LLC purchased a new stake in shares of Coupa Software in the fourth quarter valued at $34,000. Advisor Group Inc. lifted its position in shares of Coupa Software by 114.5% in the fourth quarter. Advisor Group Inc. now owns 1,521 shares of the technology company’s stock valued at $96,000 after acquiring an additional 812 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. purchased a new stake in shares of Coupa Software in the fourth quarter valued at $178,000. Institutional investors own 98.20% of the company’s stock.
Coupa Software Company Profile
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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