Coupa Software (NASDAQ:COUP)‘s stock had its “equal weight” rating restated by Morgan Stanley in a research report issued on Tuesday. They presently have a $49.00 price objective on the technology company’s stock, up from their previous price objective of $42.00. Morgan Stanley’s price objective would indicate a potential upside of 3.64% from the stock’s previous close.
Several other equities analysts have also recently issued reports on the stock. Royal Bank of Canada restated a “buy” rating and set a $41.00 target price on shares of Coupa Software in a research note on Wednesday, November 15th. Barclays restated a “hold” rating and set a $38.00 target price (up previously from $34.00) on shares of Coupa Software in a research note on Monday, November 27th. 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 note on Thursday, February 8th. CIBC started coverage on shares of Coupa Software in a research note on Friday, December 22nd. They set an “outperform” rating and a $41.00 target price on the stock. Finally, Raymond James Financial restated a “buy” rating and set a $40.00 target price on shares of Coupa Software in a research note on Tuesday, December 12th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $46.00.
Shares of Coupa Software (NASDAQ COUP) traded down $0.25 during mid-day trading on Tuesday, reaching $47.28. 147,995 shares of the company traded hands, compared to its average volume of 772,672. Coupa Software has a one year low of $22.50 and a one year high of $50.69. The stock has a market cap of $2,707.19, a P/E ratio of -57.27 and a beta of 1.29.
In other news, insider Anthony D. Tiscornia sold 782 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $39.33, for a total value of $30,756.06. Following the transaction, the insider now owns 261 shares in the company, valued at approximately $10,265.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Bernshteyn sold 63,225 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $33.13, for a total transaction of $2,094,644.25. Following the completion of the transaction, the chief executive officer now owns 162,343 shares in the company, valued at approximately $5,378,423.59. The disclosure for this sale can be found here. Insiders sold a total of 287,753 shares of company stock worth $10,593,997 in the last quarter. Company insiders own 32.10% of the company’s stock.
Several large investors have recently modified their holdings of COUP. Ensemble Capital Management LLC bought a new position in shares of Coupa Software in the 4th quarter worth approximately $203,000. Virtu Financial LLC bought a new position in shares of Coupa Software in the 4th quarter worth approximately $233,000. Essex Investment Management Co. LLC bought a new position in shares of Coupa Software in the 4th quarter worth approximately $242,000. Personal Capital Advisors Corp bought a new position in shares of Coupa Software in the 4th quarter worth approximately $261,000. Finally, UBS Asset Management Americas Inc. bought a new position in shares of Coupa Software in the 4th quarter worth approximately $268,000. Hedge funds and other institutional investors own 88.39% 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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