Coupa Software’s (COUP) Equal Weight Rating Reaffirmed at Barclays PLC
Coupa Software Inc (NASDAQ:COUP)‘s stock had its “equal weight” rating reaffirmed by Barclays PLC in a report issued on Wednesday. They currently have a $28.00 price target on the stock. Barclays PLC’s price objective would indicate a potential downside of 10.57% from the company’s current price.
COUP has been the subject of a number of other research reports. JPMorgan Chase & Co. began coverage on Coupa Software in a research note on Monday, October 31st. They set a “neutral” rating for the company. Royal Bank Of Canada began coverage on Coupa Software in a research note on Monday, October 31st. They set an “outperform” rating and a $31.00 price objective for the company. Morgan Stanley began coverage on Coupa Software in a research note on Monday, October 31st. They set an “equal weight” rating and a $26.00 price objective for the company. RBC Capital Markets began coverage on Coupa Software in a research note on Monday, October 31st. They issued an “outperform” rating and a $31.00 price target for the company. Finally, JMP Securities began coverage on Coupa Software in a research note on Monday, October 31st. They issued an “outperform” rating and a $30.00 price target for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Coupa Software currently has an average rating of “Buy” and an average price target of $29.20.
Coupa Software (NASDAQ:COUP) opened at 31.92 on Wednesday. Coupa Software has a 1-year low of $24.19 and a 1-year high of $41.61. The company’s market cap is $194.71 million. The stock’s 50 day moving average price is $27.61 and its 200 day moving average price is $27.82.
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In other news, Director Neeraj Agrawal acquired 275,000 shares of Coupa Software stock in a transaction that occurred on Wednesday, October 12th. The stock was bought at an average price of $18.00 per share, for a total transaction of $4,950,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Michael Scott Irwin acquired 1,500 shares of Coupa Software stock in a transaction that occurred on Thursday, October 6th. The shares were purchased at an average price of $35.33 per share, with a total value of $52,995.00. Following the transaction, the insider now owns 500 shares of the company’s stock, valued at approximately $17,665. The disclosure for this purchase can be found here.
About Coupa Software
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.
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