Oppenheimer started coverage on shares of Coupa Software (NASDAQ:COUP) in a research note issued to investors on Friday morning. The firm issued an outperform rating and a $41.00 price target on the technology company’s stock.
Several other research firms have also recently commented on COUP. Zacks Investment Research upgraded shares of Coupa Software from a sell rating to a hold rating in a research note on Tuesday, November 7th. Raymond James Financial reiterated a buy rating and issued a $40.00 price target on shares of Coupa Software in a report on Tuesday, December 12th. Royal Bank of Canada reiterated a buy rating and issued a $41.00 price target on shares of Coupa Software in a report on Wednesday, November 15th. Cantor Fitzgerald reiterated a buy rating and issued a $38.00 price target on shares of Coupa Software in a report on Monday, December 11th. Finally, ValuEngine upgraded shares of Coupa Software from a sell rating to a hold rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. Coupa Software presently has a consensus rating of Buy and a consensus price target of $36.53.
Shares of Coupa Software (NASDAQ COUP) opened at $31.22 on Friday. Coupa Software has a 52 week low of $22.50 and a 52 week high of $37.72. The company has a market cap of $1,718.55, a price-to-earnings ratio of -39.03 and a beta of 4.39.
In other Coupa Software news, insider Anthony D. Tiscornia sold 2,443 shares of the firm’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $35.44, for a total transaction of $86,579.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Todd R. Ford sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $35.50, for a total transaction of $426,000.00. Following the transaction, the chief financial officer now owns 17,349 shares of the company’s stock, valued at $615,889.50. The disclosure for this sale can be found here. Insiders sold a total of 372,377 shares of company stock valued at $12,759,816 in the last quarter. Insiders own 32.10% of the company’s stock.
Large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its holdings in Coupa Software by 2,294.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock valued at $106,000 after acquiring an additional 3,511 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in Coupa Software during the 2nd quarter valued at about $142,000. Trexquant Investment LP purchased a new position in Coupa Software during the 3rd quarter valued at about $274,000. Symmetry Peak Management LLC purchased a new position in Coupa Software during the 2nd quarter valued at about $290,000. Finally, Legal & General Group Plc increased its holdings in Coupa Software by 436.1% during the 2nd quarter. Legal & General Group Plc now owns 10,792 shares of the technology company’s stock valued at $312,000 after acquiring an additional 8,779 shares in the last quarter. Hedge funds and other institutional investors own 74.67% of the company’s stock.
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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.
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