Coupa Software (NASDAQ:COUP)‘s stock had its “buy” rating reiterated by equities researchers at Cantor Fitzgerald in a research note issued to investors on Tuesday. They presently have a $36.00 price target on the technology company’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 10.50% from the company’s previous close.

COUP has been the subject of a number of other research reports. Royal Bank Of Canada lifted their target price on Coupa Software from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Wednesday, September 6th. First Analysis began coverage on Coupa Software in a report on Monday, August 7th. They set an “overweight” rating and a $37.00 target price for the company. Barclays reaffirmed a “hold” rating and set a $38.00 target price (up previously from $34.00) on shares of Coupa Software in a report on Monday, November 27th. Zacks Investment Research downgraded Coupa Software from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Finally, ValuEngine raised Coupa Software from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $35.66.

Shares of Coupa Software (NASDAQ COUP) traded down $1.04 during midday trading on Tuesday, reaching $32.58. The company’s stock had a trading volume of 1,749,100 shares, compared to its average volume of 471,905. Coupa Software has a fifty-two week low of $22.50 and a fifty-two week high of $37.72.

Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.06. Coupa Software had a negative return on equity of 20.71% and a negative net margin of 24.37%. The firm had revenue of $47.30 million during the quarter, compared to the consensus estimate of $45.02 million. During the same quarter in the previous year, the company posted ($0.22) earnings per share. The company’s revenue was up 33.6% compared to the same quarter last year. sell-side analysts forecast that Coupa Software will post -1 EPS for the current year.

In other Coupa Software news, insider Anthony D. Tiscornia sold 2,344 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $31.37, for a total value of $73,531.28. Following the completion of the transaction, the insider now directly owns 1,563 shares of the company’s stock, valued at $49,031.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ravi Thakur sold 11,240 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $35.90, for a total value of $403,516.00. Following the completion of the transaction, the insider now directly owns 13,436 shares of the company’s stock, valued at $482,352.40. The disclosure for this sale can be found here. Insiders sold 491,519 shares of company stock valued at $16,224,868 over the last three months. 32.10% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in COUP. BNP Paribas Arbitrage SA lifted its holdings in Coupa Software by 2,294.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock valued at $106,000 after acquiring an additional 3,511 shares during the period. Hillsdale Investment Management Inc. acquired a new position in Coupa Software in the second quarter valued at approximately $142,000. Trexquant Investment LP acquired a new position in Coupa Software in the third quarter valued at approximately $274,000. Symmetry Peak Management LLC acquired a new position in Coupa Software in the second quarter valued at approximately $290,000. Finally, Legal & General Group Plc lifted its holdings in Coupa Software by 436.1% in the second quarter. Legal & General Group Plc now owns 10,792 shares of the technology company’s stock valued at $312,000 after acquiring an additional 8,779 shares during the period. 76.68% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Coupa Software (NASDAQ:COUP)

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