The Coupa Software (COUP) Upgraded at Zacks Investment Research

Cornelia Mascio
Marzo 15, 2018

Barclays lifted their price target on shares of Coupa Software from $38.00 to $47.00 and gave the company an "overweight" rating in a research note on Monday, March 5th. On Monday, December 18 the stock rating was upgraded by Compass Point to "Buy". Oppenheimer assumed coverage on shares of Coupa Software in a research report on Thursday, December 21st.

A number of equities research analysts have issued reports on the company. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Cantor Fitzgerald initiated the stock with "Buy" rating in Wednesday, July 19 report.

Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. Coupa Software has a twelve month low of $22.50 and a twelve month high of $49.61. The company has a market capitalization of $2,660.00 and a P/E ratio of -48.39.

Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Monday, March 12th. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The firm had revenue of $53.80 million during the quarter, compared to the consensus estimate of $48.64 million. During the same quarter in the previous year, the business earned ($0.22) earnings per share. analysts predict that Coupa Software will post -0.94 earnings per share for the current fiscal year. For the quarter ending Jul-18, 12 analysts have a mean sales target of 55.74 million whilst for the year ending Jan-18, 14 analysts have a mean target of 181.69 million.

In other Coupa Software news, insider Anthony D. Tiscornia sold 1,293 shares of the firm's stock in a transaction on Friday, January 12th. Following the completion of the sale, the chief financial officer now owns 17,349 shares of the company's stock, valued at $575,119.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

On 3/1/2018 Ravi Thakur, SVP, sold 11,240 with an average share price of $44.38 per share and the total transaction amounting to $498,831.20. The shares were sold at an average price of $34.33, for a total value of $389,164.88. Following the transaction, the executive now directly owns 12,480 shares of the company's stock, valued at approximately $428,438.40. The disclosure for this sale can be found here.

Total shares held by institutions as of the most recent company filings are 21,706,175 with a reported 1,551,045 bought and 287,989 sold. Insiders own 32.10% of the company's stock. Sylebra HK Co Ltd lifted its position in shares of Coupa Software by 82.9% during the 4th quarter.

The stock increased or $0 during the last trading session, hitting $. Battery Ventures is the second biggest holder with 7 million shares now valued at 171.80 million whilst Battery Partners VIII LLC has 7 million shares valued at 213.98 million. Victory Capital Management Inc. raised its holdings in shares of Coupa Software by 52.3% in the 4th quarter. Personal Capital Advisors Corp purchased a new stake in shares of Coupa Software in the fourth quarter worth approximately $261,000. Tradewinds Capital Management Llc owns 16,600 shares or 0.12% of their United States portfolio.

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