News headlines about Coupa Software (NASDAQ:COUP) have trended positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Coupa Software earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 50 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- New report examines the Global contract life-cycle management software market trends 2017-2021 (whatech.com)
- PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Lowered by First Heartland Consultants Inc (theaviationweek.net)
- Tale of the Ticker: Coupa Software Inc (COUP) Moves on Volume – Stock Press Daily (stockpressdaily.com)
- Coupa Software Inc (COUP) Shares Needle Moving 0.60% – Sheridan Daily (sheridandaily.com)
- Coupa Software Incorporated (COUP): Are There Still Some Reasons For Optimism? – StockNewsMagazine (stocknewsmagazine.com)
Shares of Coupa Software (NASDAQ:COUP) opened at 30.86 on Friday. The stock’s 50 day moving average price is $30.40 and its 200 day moving average price is $28.38. The company’s market capitalization is $1.64 billion. Coupa Software has a 52-week low of $22.50 and a 52-week high of $41.61.
Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, June 5th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.05. The firm had revenue of $41.10 million for the quarter, compared to the consensus estimate of $38.33 million. The business’s revenue for the quarter was up 40.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.76) earnings per share. On average, equities research analysts forecast that Coupa Software will post ($0.51) earnings per share for the current fiscal year.
Several research firms have commented on COUP. Cantor Fitzgerald began coverage on shares of Coupa Software in a research note on Thursday, July 20th. They set an “overweight” rating and a $35.00 price objective for the company. BTIG Research began coverage on shares of Coupa Software in a research note on Monday, June 12th. They set a “buy” rating and a $44.00 price objective for the company. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $40.00 price objective (up from $34.00) on shares of Coupa Software in a research note on Wednesday, June 7th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $31.00 price objective (up from $27.00) on shares of Coupa Software in a research note on Tuesday, June 6th. Finally, JMP Securities reaffirmed an “outperform” rating and set a $40.00 price objective (up from $32.00) on shares of Coupa Software in a research note on Tuesday, June 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $33.90.
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In other Coupa Software news, insider Ravi Thakur sold 11,240 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $35.13, for a total transaction of $394,861.20. Following the completion of the transaction, the insider now directly owns 79,061 shares of the company’s stock, valued at approximately $2,777,412.93. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Todd R. Ford sold 12,000 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $30.49, for a total value of $365,880.00. Following the sale, the chief financial officer now directly owns 14,613 shares of the company’s stock, valued at $445,550.37. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,765,479 shares of company stock valued at $55,129,313. 32.10% of the stock is currently owned by corporate insiders.
About Coupa Software
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.
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