Coupa Software (COUP) Getting Somewhat Critical Media Coverage, Study Shows
News headlines about Coupa Software (NASDAQ:COUP) have been trending somewhat negative recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Coupa Software earned a news sentiment score of 0.00 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.3386347339179 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Consensus score reveals Buy position in Technology Stock: Coupa Software Incorporated (COUP) – Street Observer (press release) (streetobserver.com)
- Share Rating Recap: Coupa Software Inc (COUP) – ExpertGazette (expertgazette.com)
- Coupa Software : Top Business Leaders from Global Brands Headline Coupa Inspire ’17 in London (4-traders.com)
- ETFs with exposure to Coupa Software, Inc. : October 10, 2017 (finance.yahoo.com)
- Coupa Software Incorporated (COUP) RSI Movement indicates stock could lead to a downward move – Voice Of Analysts (analystsbuzz.com)
Several brokerages have commented on COUP. Royal Bank Of Canada increased their target price on Coupa Software from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, September 6th. First Analysis began coverage on Coupa Software in a research note on Monday, August 7th. They set an “overweight” rating and a $37.00 target price on the stock. Zacks Investment Research downgraded Coupa Software from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. Cantor Fitzgerald reiterated a “buy” rating and set a $36.00 target price on shares of Coupa Software in a research note on Wednesday, September 6th. Finally, Northland Securities reiterated a “buy” rating and set a $38.00 target price on shares of Coupa Software in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $35.16.
Coupa Software (NASDAQ COUP) traded down 0.34% during trading on Wednesday, hitting $35.10. The stock had a trading volume of 81,018 shares. The firm has a market cap of $1.88 billion and a PE ratio of 18.38. Coupa Software has a 52-week low of $22.50 and a 52-week high of $37.72. The company’s 50 day moving average is $31.79 and its 200 day moving average is $31.79.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Tuesday, September 5th. The technology company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.18. Coupa Software had a negative net margin of 24.00% and a negative return on equity of 19.01%. The company had revenue of $44.60 million for the quarter, compared to analyst estimates of $41.59 million. Coupa Software’s revenue was up 43.4% on a year-over-year basis. Equities research analysts forecast that Coupa Software will post ($0.48) earnings per share for the current year.
In other news, CFO Todd R. Ford sold 12,000 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $30.49, for a total transaction of $365,880.00. Following the sale, the chief financial officer now directly owns 14,613 shares of the company’s stock, valued at approximately $445,550.37. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert Bernshteyn sold 63,225 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $29.45, for a total transaction of $1,861,976.25. Following the sale, the chief executive officer now directly owns 324,014 shares in the company, valued at $9,542,212.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 403,026 shares of company stock worth $12,329,896. 32.10% of the stock is owned by corporate insiders.
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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.
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