Latest Stocks: Brokerages Set Coupa Software Inc (COUP) Price Target at $28.65

Latest Stocks: Brokerages Set Coupa Software Inc (COUP) Price Target at $28.65

Coupa Software Inc (NASDAQ:COUP) has received a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $30.32.

A number of equities research analysts have recently weighed in on COUP shares. Zacks Investment Research raised shares of Coupa Software from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Loop Capital started coverage on shares of Coupa Software in a report on Tuesday, February 14th. They set a “hold” rating and a $27.00 price objective on the stock. Vetr lowered shares of Coupa Software from a “hold” rating to a “strong sell” rating and set a $24.91 price objective on the stock. in a report on Wednesday, February 22nd. Royal Bank of Canada boosted their price objective on shares of Coupa Software from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, June 1st. Finally, Morgan Stanley reissued an “equal weight” rating and set a $31.00 price objective (up from $29.00) on shares of Coupa Software in a report on Saturday.

In other news, Director Charles Beeler sold 1,100,000 shares of the stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $24.05, for a total transaction of $26,455,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Todd R. Ford sold 84,240 shares of the stock in a transaction dated Tuesday, April 18th. The stock was 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 in the company, valued at $2,057,886.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,663,569 shares of company stock worth $64,192,374. Several large investors have recently bought and sold shares of COUP. Nationwide Fund Advisors raised its stake in Coupa Software by 22.7% in the first quarter. Nationwide Fund Advisors now owns 5,131 shares of the technology company’s stock valued at $130,000 after buying an additional 949 shares during the last quarter. American International Group Inc. purchased a new stake in Coupa Software during the first quarter valued at about $132,000. Metropolitan Life Insurance Co. NY purchased a new stake in Coupa Software during the fourth quarter valued at about $260,000. Teachers Advisors LLC purchased a new stake in Coupa Software during the fourth quarter valued at about $268,000. Finally, Norges Bank purchased a new stake in Coupa Software during the fourth quarter valued at about $500,000. 0.96% of the stock is currently owned by institutional investors and hedge funds.

Coupa Software (NASDAQ:COUP) opened at 36.38 on Tuesday. The stock’s market cap is $1.84 billion. Coupa Software has a 52-week low of $22.50 and a 52-week high of $41.61. The firm has a 50-day moving average price of $31.12 and a 200 day moving average price of $27.43. Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, March 13th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.16. The business had revenue of $38.02 million for the quarter, compared to analyst estimates of $35.87 million. The firm’s revenue was up 44.2% compared to the same quarter last year. On average, analysts forecast that Coupa Software will post ($0.52) earnings per share for the current fiscal year.

Coupa Software (NASDAQ:COUP) opened at 36.38 on Tuesday. The stock’s market cap is $1.84 billion. Coupa Software has a 52-week low of $22.50 and a 52-week high of $41.61. The firm has a 50-day moving average price of $31.12 and a 200 day moving average price of $27.43. Coupa Software Company Profile

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