Coupa Software’s (NASDAQ:COUP) quiet period is set to end on Tuesday, November 15th. Coupa Software had issued 7,400,000 shares in its public offering on October 6th. The total size of the offering was $133,200,000 based on an initial share price of $18.00. During Coupa Software’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

A number of research analysts have recently weighed in on COUP shares. Barclays PLC started coverage on shares of Coupa Software in a report on Monday, October 31st. They set an “equal weight” rating and a $28.00 price target on the stock. JMP Securities started coverage on shares of Coupa Software in a report on Monday, October 31st. They set an “outperform” rating and a $30.00 price target on the stock. RBC Capital Markets started coverage on shares of Coupa Software in a report on Monday, October 31st. They set an “outperform” rating and a $31.00 price target on the stock. Morgan Stanley started coverage on shares of Coupa Software in a report on Monday, October 31st. They set an “equal weight” rating and a $26.00 price target on the stock. Finally, Royal Bank Of Canada started coverage on shares of Coupa Software in a report on Monday, October 31st. They set an “outperform” rating and a $31.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Coupa Software currently has a consensus rating of “Buy” and a consensus price target of $29.20.

Coupa Software (NASDAQ:COUP) opened at 26.30 on Friday. Coupa Software has a one year low of $24.19 and a one year high of $41.61. The company’s market cap is $1265.32 billion. The company has a 50-day moving average of $26.87 and a 200 day moving average of $26.87.

In related news, major shareholder Michael Scott Irwin purchased 1,500 shares of Coupa Software stock in a transaction dated Thursday, October 6th. The stock was bought at an average price of $35.33 per share, for a total transaction of $52,995.00. Following the completion of the acquisition, the insider now directly owns 500 shares of the company’s stock, valued at $17,665. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Neeraj Agrawal purchased 275,000 shares of Coupa Software stock in a transaction dated Wednesday, October 12th. The stock was bought at an average price of $18.00 per share, with a total value of $4,950,000.00. The disclosure for this purchase can be found here.

Coupa Software Company Profile

Coupa Software Inc is a United States-based cloud-based spend management company. The Company enables businesses everywhere to recognize bottom-line financial success through Value as a Service. It provides an organic suite of cloud spend management applications, including invoicing, procurement, expense management, sourcing and inventory, allowing customers to realize a return on investment that can start within a few months.

5 Day Chart for NASDAQ:COUP

Receive News & Stock Ratings for Coupa Software Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software Inc and related stocks with our FREE daily email newsletter.