Coupa Software Inc (COUP) Receives PT Consensus of $ 65.20 Analysts

Coupa Software Inc. (NASDAQ: COUP) obtained the consensual "Buy" recommendation from the seventeen research firms that currently cover the firm, reports Marketbeat.com. Eight research badysts have badigned a conservation rating to the title and nine have badigned a purchase rating to the company. The 12-month average price target of the brokerage firms that gave the rating in the past year is $ 63.71.

Several brokerages recently commented on COUP. Zacks Investment Research lowered Coupa Software from the "buy" rating to the "held" rating in a research note on Tuesday. Northland Securities lowered Coupa Software from "outperforming" to "market" in a research note Tuesday (September 11th). Loop Capital increased its price target on Coupa Software to $ 72.00 and awarded the company a "sustain" rating in a research note on Wednesday, September 5th. Raymond James increased its Coupa Software price target from $ 60.00 to $ 86.00 and awarded the company an "outperformance" rating in a research note on Wednesday, September 5th. Finally, Needham & Company LLC increased its price target on Coupa Software from $ 63.00 to $ 83.00 and awarded the company a "buy" rating in a research note on Wednesday, September 5th.

In addition, CRO Steven M. Winter sold 11,336 shares in a transaction on Monday, August 13th. The stock was sold at an average price of $ 66.43, for a total transaction of $ 753,050.48. As a result of this transaction, the Company now holds 12,795 shares of the Company, valued at approximately $ 849,971.85. The transaction was disclosed in a document filed with the SEC, available via this hyperlink. In addition, Director Veenendaal Frank Van sold 1,000 shares of the title in connection with a transaction on Friday, September 14. The shares were sold at an average price of $ 80.30, for a total value of $ 80,300.00. As a result of the transaction, the director now directly owns 123,635 shares of the Company, valued at approximately $ 9,927,890.50. The disclosure of this sale can be found here. In the last three months, insiders sold 293,604 shares valued at $ 20,556,439. 6.50% of the stock belongs to insiders.

A number of institutional investors and hedge funds have recently bought and sold shares. Sylebra HK Co Ltd increased its stake in Coupa Software by 4.5% in the second quarter. Sylebra HK Co Ltd now holds 3,533,098 shares valued at $ 219,900,000 in the technology company after acquiring an additional 150,823 shares in the last quarter. BlackRock Inc. increased its interest in Coupa Software by 14.4% in the 3rd quarter. BlackRock Inc. now holds 3,480,491 shares valued at $ 275,308,000 in the technology business, after acquiring 438,131 additional shares in the last quarter. Whale Rock Capital Management LLC increased its ownership in Coupa Software by 16.8% in the second quarter. Whale Rock Capital Management LLC now holds 2,267,803 shares valued at $ 141,148,000 in the technology company after acquiring 326,727 additional shares in the last quarter. FMR LLC increased its ownership in Coupa Software by 42.3% in the second quarter. FMR LLC now holds 1,774,407 shares valued at $ 110,439,000 in the technology company after acquiring 527,529 additional shares in the last quarter. Finally, Jackson Square Partners LLC acquired a new position in Coupa Software during the third quarter for a value of approximately $ 87,361,000. 97.18% of the shares are currently held by hedge funds and other institutional investors.

NASDAQ: The COUP was traded US $ 4.75 during trading hours, to reach US $ 63.73. The company recorded a trading volume of 1,317,058 shares, compared to its average volume of 919,213 shares. The market capitalization of the stock is $ 3.99 billion, its P / E ratio of -83.86 and its beta of 1.79. Coupa Software has a minimum of one year of $ 30.65 and a maximum of one year of $ 84.53.

Coupa Software (NASDAQ: COUP) released its financial results on Tuesday, September 4th. The technology company announced earnings per share (EPS) of $ 0.17 for the quarter, up $ 0.13 from consensus estimates from Thomson Reuters. The company generated $ 61.65 million in sales during the quarter, while badysts expected $ 56.61 million. Coupa Software had a negative return on equity of 16.73% and a negative net margin of 22.52%. Analysts predict that Coupa Software will post a EPS of -0.98 for the current year.

Coupa Software Company Profile

Coupa Software Incorporated provides a cloud-based expense management platform. The company's platform connects the organization with suppliers around the world; and provides visibility and control over how businesses spend money, while enabling them to achieve cost-saving efficiencies. Its platform includes supply, billing and expense management modules that make up its transaction engine and capture the expenses of a business. and offers support modules, including procurement, expense badysis, contract management, vendor management, and inventory management.

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