Shares of Coupa Software Inc (NASDAQ:COUP) have been assigned an average recommendation of “Buy” from the eighteen research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $38.12.

Several research analysts have commented on the stock. SunTrust Banks assumed coverage on shares of Coupa Software in a report on Wednesday, January 31st. They set a “buy” rating and a $45.00 price objective for the company. Morgan Stanley increased their price objective on shares of Coupa Software from $35.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Coupa Software from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Thursday, December 7th. Northland Securities set a $41.00 price objective on shares of Coupa Software and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, ValuEngine raised shares of Coupa Software from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th.

Shares of Coupa Software (NASDAQ:COUP) traded up $1.55 during trading on Friday, reaching $39.05. 533,699 shares of the company traded hands, compared to its average volume of 602,722. The company has a market cap of $2,084.61, a P/E ratio of -48.35 and a beta of 4.73. Coupa Software has a one year low of $22.50 and a one year high of $39.54.

Coupa Software (NASDAQ:COUP) last released its quarterly earnings data on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.06. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.40%. The business had revenue of $47.30 million during the quarter, compared to the consensus estimate of $45.02 million. During the same quarter in the prior year, the firm earned ($0.22) EPS. The business’s revenue was up 33.6% on a year-over-year basis. equities research analysts expect that Coupa Software will post -0.94 EPS for the current year.

In other news, insider Anthony D. Tiscornia sold 781 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $33.18, for a total transaction of $25,913.58. Following the sale, the insider now directly owns 521 shares in the company, valued at approximately $17,286.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Steven M. Winter sold 11,336 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $33.14, for a total transaction of $375,675.04. Following the sale, the executive now owns 12,480 shares in the company, valued at $413,587.20. The disclosure for this sale can be found here. Insiders have sold a total of 358,346 shares of company stock worth $12,221,222 over the last 90 days. Corporate insiders own 32.10% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Coupa Software by 260.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock worth $78,254,000 after purchasing an additional 1,950,862 shares during the period. Sylebra HK Co Ltd increased its position in shares of Coupa Software by 79.9% during the third quarter. Sylebra HK Co Ltd now owns 2,166,792 shares of the technology company’s stock worth $67,496,000 after acquiring an additional 962,418 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Coupa Software during the third quarter worth approximately $24,428,000. Janus Henderson Group PLC purchased a new position in shares of Coupa Software during the second quarter worth approximately $18,242,000. Finally, Capital World Investors increased its position in shares of Coupa Software by 39.2% during the second quarter. Capital World Investors now owns 1,837,112 shares of the technology company’s stock worth $53,240,000 after acquiring an additional 517,000 shares during the period. Hedge funds and other institutional investors own 75.09% of the company’s stock.

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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.

Analyst Recommendations for Coupa Software (NASDAQ:COUP)

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