Somewhat Favorable News Coverage Somewhat Likely to Impact Coupa Software (COUP) Stock Price

Media stories about Coupa Software (NASDAQ:COUP) have been trending somewhat positive recently, according to AlphaOne Sentiment Analysis. The research firm, a subsidiary of Accern, ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Coupa Software earned a daily sentiment score of 0.05 on AlphaOne’s scale. AlphaOne also assigned news stories about the technology company an impact score of 50 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the company’s share price in the immediate future.

Here are some of the media headlines that may have impacted Alpha One’s rankings:

Coupa Software (NASDAQ:COUP) traded down 1.29% during mid-day trading on Friday, hitting $29.87. 376,304 shares of the company traded hands. Coupa Software has a one year low of $22.50 and a one year high of $41.61. The firm’s market capitalization is $1.51 billion. The firm has a 50 day moving average of $25.81 and a 200 day moving average of $26.49.

Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data on Monday, March 13th. The technology company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.16. The firm had revenue of $38.02 million for the quarter, compared to analysts’ expectations of $35.87 million. The firm’s revenue for the quarter was up 44.2% compared to the same quarter last year. Equities research analysts expect that Coupa Software will post ($0.52) earnings per share for the current fiscal year.

A number of research analysts have issued reports on the stock. Vetr lowered shares of Coupa Software from a “hold” rating to a “strong sell” rating and set a $24.91 target price on the stock. in a research report on Wednesday, February 22nd. Zacks Investment Research lowered shares of Coupa Software from a “buy” rating to a “hold” rating in a research report on Monday, February 6th. Finally, Loop Capital assumed coverage on shares of Coupa Software in a research report on Tuesday, February 14th. They set a “hold” rating and a $27.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $28.56.

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In other news, insider Ravi Thakur sold 20,000 shares of the business’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $24.50, for a total transaction of $490,000.00. Following the completion of the sale, the insider now directly owns 101,541 shares of the company’s stock, valued at $2,487,754.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Todd R. Ford sold 84,240 shares of the business’s stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $24.05, for a total transaction of $2,025,972.00. Following the sale, the chief financial officer now directly owns 85,567 shares of the company’s stock, valued at $2,057,886.35. The disclosure for this sale can be found here. Insiders have sold 2,652,329 shares of company stock valued at $63,797,512 over the last three months.

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.

5 Day Chart for NASDAQ:COUP

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