Coupa Software Inc (NASDAQ:COUP)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $40.64 and last traded at $39.49, with a volume of 662900 shares traded. The stock had previously closed at $39.49.

A number of brokerages recently issued reports on COUP. Barclays reiterated a “hold” rating and issued a $38.00 target price (up from $34.00) on shares of Coupa Software in a report on Monday, November 27th. Oppenheimer began coverage on Coupa Software in a report on Thursday, December 21st. They issued a “buy” rating and a $41.00 target price on the stock. Morgan Stanley increased their target price on Coupa Software from $35.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. They noted that the move was a valuation call. Zacks Investment Research cut Coupa Software from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Finally, SunTrust Banks began coverage on Coupa Software in a report on Wednesday, January 31st. They issued a “buy” rating and a $45.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. Coupa Software has an average rating of “Buy” and a consensus target price of $38.52.

The stock has a market capitalization of $2,240.00 and a PE ratio of -39.49.

Coupa Software (NASDAQ:COUP) last released its quarterly earnings results on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $47.30 million during the quarter, compared to analyst estimates of $45.02 million. During the same period in the prior year, the firm posted ($0.22) EPS. Coupa Software’s quarterly revenue was up 33.6% compared to the same quarter last year. sell-side analysts anticipate that Coupa Software Inc will post -0.94 EPS for the current fiscal year.

In other news, insider Anthony D. Tiscornia sold 782 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $34.00, for a total transaction of $26,588.00. Following the completion of the sale, the insider now directly owns 521 shares of the company’s stock, valued at approximately $17,714. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert Bernshteyn sold 63,225 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $33.95, for a total value of $2,146,488.75. Following the sale, the chief executive officer now directly owns 162,092 shares of the company’s stock, valued at $5,503,023.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 358,347 shares of company stock valued at $12,289,093. Insiders own 32.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in COUP. Vanguard Group Inc. grew its stake in shares of Coupa Software by 260.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock worth $78,254,000 after acquiring an additional 1,950,862 shares during the period. Sylebra HK Co Ltd boosted its stake in Coupa Software by 79.9% in the 3rd quarter. Sylebra HK Co Ltd now owns 2,166,792 shares of the technology company’s stock worth $67,496,000 after purchasing an additional 962,418 shares during the period. BlackRock Inc. boosted its stake in Coupa Software by 1.2% in the 4th quarter. BlackRock Inc. now owns 1,878,010 shares of the technology company’s stock worth $58,631,000 after purchasing an additional 22,441 shares during the period. Victory Capital Management Inc. boosted its stake in Coupa Software by 52.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,194,430 shares of the technology company’s stock worth $37,290,000 after purchasing an additional 410,240 shares during the period. Finally, Soma Equity Partners LP boosted its stake in Coupa Software by 60.0% in the 3rd quarter. Soma Equity Partners LP now owns 1,120,000 shares of the technology company’s stock worth $34,888,000 after purchasing an additional 420,000 shares during the period. 76.14% of the stock is owned by hedge funds and other institutional investors.

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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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