StockNews.com Initiates Coverage on Coupa Software (NASDAQ:COUP)

Investment analysts at StockNews.com assumed coverage on shares of Coupa Software (NASDAQ:COUP – Get Rating) in a research report issued on Friday. The firm set a “sell” rating on the technology company’s stock.

COUP has been the topic of a number of other research reports. Wells Fargo & Company boosted their price objective on Coupa Software from $65.00 to $81.00 in a research note on Tuesday, December 13th. DA Davidson boosted their target price on Coupa Software from $50.00 to $81.00 in a research report on Tuesday, December 13th. Credit Suisse Group raised Coupa Software from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $60.00 to $81.00 in a research report on Tuesday, December 13th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $81.00 target price (down from $100.00) on shares of Coupa Software in a research report on Thursday, December 22nd. Finally, Truist Financial reaffirmed a “hold” rating on shares of Coupa Software in a research report on Tuesday, December 13th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $79.06.

Coupa Software Stock Performance

Shares of COUP stock opened at $80.97 on Friday. The company has a debt-to-equity ratio of 7.62, a quick ratio of 1.78 and a current ratio of 1.78. Coupa Software has a 1 year low of $40.29 and a 1 year high of $130.97. The stock has a fifty day moving average of $80.15 and a two-hundred day moving average of $68.38. The firm has a market capitalization of $6.12 billion, a PE ratio of -18.11 and a beta of 1.16.

Insider Buying and Selling at Coupa Software

In other Coupa Software news, CEO Robert Bernshteyn sold 8,074 shares of the company’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $78.59, for a total value of $634,535.66. Following the completion of the transaction, the chief executive officer now owns 258,929 shares of the company’s stock, valued at approximately $20,349,230.11. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Coupa Software news, CEO Robert Bernshteyn sold 8,074 shares of the company’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $78.59, for a total value of $634,535.66. Following the completion of the transaction, the chief executive officer now owns 258,929 shares of the company’s stock, valued at approximately $20,349,230.11. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Maurizio Baratta sold 1,142 shares of the company’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $78.59, for a total value of $89,749.78. Following the completion of the transaction, the chief accounting officer now directly owns 7,031 shares of the company’s stock, valued at approximately $552,566.29. The disclosure for this sale can be found here. Insiders sold a total of 17,486 shares of company stock valued at $1,374,678 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Coupa Software

A number of hedge funds have recently modified their holdings of COUP. Ellevest Inc. grew its position in Coupa Software by 114.1% during the 4th quarter. Ellevest Inc. now owns 319 shares of the technology company’s stock worth $25,000 after acquiring an additional 170 shares during the last quarter. Sentry Investment Management LLC bought a new stake in Coupa Software during the 3rd quarter worth approximately $43,000. Wipfli Financial Advisors LLC bought a new stake in Coupa Software during the 3rd quarter worth approximately $59,000. Quadrant Capital Group LLC grew its position in Coupa Software by 104.4% during the 4th quarter. Quadrant Capital Group LLC now owns 748 shares of the technology company’s stock worth $59,000 after acquiring an additional 382 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its position in Coupa Software by 22,050.0% during the 4th quarter. Meeder Asset Management Inc. now owns 886 shares of the technology company’s stock worth $70,000 after acquiring an additional 882 shares during the last quarter. 99.09% of the stock is owned by institutional investors and hedge funds.

Coupa Software Company Profile

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Quotient Technology, Inc engages in the operation of a digital marketing platform that connects brands and retailers with consumers through web, mobile, and social channels. It offers digital printable coupons, digital paperless coupons, coupon codes and other promotions. The company was founded by Steven R.