Coupa Software Inc (NASDAQ:COUP) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 2,395,676 shares, an increase of 112.0% from the January 12th total of 1,129,968 shares. Based on an average daily volume of 632,400 shares, the days-to-cover ratio is presently 3.8 days. Approximately 6.9% of the company’s shares are short sold.

Several analysts recently weighed in on COUP shares. Royal Bank of Canada restated a “buy” rating and issued a $41.00 price objective on shares of Coupa Software in a report on Wednesday, November 15th. Zacks Investment Research upgraded Coupa Software from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Thursday, December 7th. Cantor Fitzgerald restated a “buy” rating and issued a $36.00 price objective on shares of Coupa Software in a report on Tuesday, December 5th. Oppenheimer started coverage on Coupa Software in a report on Thursday, December 21st. They issued a “buy” rating and a $41.00 price objective for the company. Finally, Raymond James Financial restated a “buy” rating and issued a $40.00 price objective on shares of Coupa Software in a report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. Coupa Software currently has an average rating of “Buy” and an average price target of $38.52.

Coupa Software (NASDAQ COUP) remained flat at $$39.16 on Friday. 1,030,088 shares of the stock were exchanged, compared to its average volume of 650,782. Coupa Software has a 12 month low of $22.50 and a 12 month high of $40.31. The company has a market cap of $2,197.46, a PE ratio of -48.95 and a beta of 4.73.

Coupa Software (NASDAQ:COUP) last posted its earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.06. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The company had revenue of $47.30 million for the quarter, compared to analyst estimates of $45.02 million. During the same quarter in the previous year, the firm earned ($0.22) earnings per share. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. sell-side analysts anticipate that Coupa Software will post -0.94 EPS for the current fiscal year.

In related news, insider Ravi Thakur sold 11,240 shares of Coupa Software stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.02, for a total value of $438,584.80. Following the completion of the sale, the insider now directly owns 14,306 shares in the company, valued at $558,220.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anthony D. Tiscornia sold 781 shares of Coupa Software stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $33.18, for a total value of $25,913.58. Following the completion of the sale, the insider now owns 521 shares of the company’s stock, valued at $17,286.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 358,346 shares of company stock valued at $12,221,222. Corporate insiders own 32.10% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in Coupa Software in the fourth quarter valued at about $233,000. UBS Asset Management Americas Inc. purchased a new position in Coupa Software in the fourth quarter valued at about $268,000. BlackRock Inc. grew its stake in Coupa Software by 1.2% in the fourth quarter. BlackRock Inc. now owns 1,878,010 shares of the technology company’s stock valued at $58,631,000 after purchasing an additional 22,441 shares during the last quarter. Suffolk Capital Management LLC purchased a new position in Coupa Software in the fourth quarter valued at about $928,000. Finally, Advisory Research Inc. purchased a new position in Coupa Software in the fourth quarter valued at about $2,459,000. Institutional investors own 75.09% of the company’s stock.

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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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