Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Coupa Software (COUP) Share Price

Headlines about Coupa Software (NASDAQ:COUP) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern 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 media sentiment score of 0.02 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 44.6442214241805 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the media stories that may have impacted Accern’s scoring:

Shares of Coupa Software (NASDAQ COUP) traded up $0.05 during midday trading on Thursday, hitting $39.97. 36,693 shares of the company’s stock were exchanged, compared to its average volume of 611,398. Coupa Software has a one year low of $22.50 and a one year high of $40.31. The company has a market capitalization of $2,201.31, a P/E ratio of -49.90 and a beta of 4.73.

Coupa Software (NASDAQ:COUP) last announced its earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $47.30 million during the quarter, compared to the consensus estimate of $45.02 million. During the same period in the previous year, the firm posted ($0.22) earnings per share. The company’s revenue was up 33.6% on a year-over-year basis. equities research analysts expect that Coupa Software will post -0.94 earnings per share for the current year.

Several brokerages have recently weighed in on COUP. Zacks Investment Research upgraded shares of Coupa Software from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Thursday. Barclays restated a “hold” rating and issued a $38.00 price target (up from $34.00) on shares of Coupa Software in a research report on Monday, November 27th. Oppenheimer began coverage on shares of Coupa Software in a research report on Thursday, December 21st. They issued a “buy” rating and a $41.00 price target on the stock. Morgan Stanley boosted their price target on shares of Coupa Software from $35.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. Finally, SunTrust Banks began coverage on shares of Coupa Software in a research report on Wednesday, January 31st. They issued a “buy” rating and a $45.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Coupa Software has an average rating of “Buy” and an average target price of $38.52.

In other Coupa Software news, insider Ravi Thakur sold 11,240 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $32.04, for a total value of $360,129.60. Following the completion of the transaction, the insider now directly owns 14,306 shares of the company’s stock, valued at $458,364.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert Bernshteyn sold 63,225 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $33.95, for a total transaction of $2,146,488.75. Following the completion of the transaction, the chief executive officer now directly owns 162,092 shares of the company’s stock, valued at $5,503,023.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 358,346 shares of company stock valued at $12,221,222. Insiders own 32.10% 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.

Insider Buying and Selling by Quarter for Coupa Software (NASDAQ:COUP)

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