Coupa Software (NASDAQ:COUP)‘s stock had its “buy” rating reaffirmed by equities researchers at Royal Bank Of Canada in a research note issued to investors on Wednesday, November 15th. They currently have a $41.00 price objective on the technology company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 14.08% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on the stock. Cantor Fitzgerald started coverage on shares of Coupa Software in a report on Thursday, July 20th. They set an “overweight” rating and a $35.00 price target for the company. Zacks Investment Research lowered shares of Coupa Software from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. ValuEngine raised shares of Coupa Software from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. First Analysis initiated coverage on shares of Coupa Software in a research report on Monday, August 7th. They set an “overweight” rating and a $37.00 price objective for the company. Finally, Northland Securities reissued a “buy” rating and issued a $38.00 price target on shares of Coupa Software in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Coupa Software presently has a consensus rating of “Hold” and a consensus price target of $35.66.
Shares of Coupa Software (NASDAQ:COUP) opened at $35.94 on Wednesday. Coupa Software has a one year low of $22.50 and a one year high of $37.72.
In other news, CEO Robert Bernshteyn sold 63,225 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $31.52, for a total transaction of $1,992,852.00. Following the completion of the sale, the chief executive officer now owns 280,665 shares of the company’s stock, valued at $8,846,560.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Anthony D. Tiscornia sold 781 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $33.18, for a total transaction of $25,913.58. Following the sale, the insider now directly owns 521 shares of the company’s stock, valued at approximately $17,286.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 480,279 shares of company stock valued at $15,821,352. Company insiders own 32.10% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in COUP. Vanguard Group Inc. grew its stake in shares of Coupa Software by 260.3% during the second quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock valued at $78,254,000 after purchasing an additional 1,950,862 shares during the last quarter. Sylebra HK Co Ltd boosted its stake in Coupa Software by 79.9% in the third quarter. Sylebra HK Co Ltd now owns 2,166,792 shares of the technology company’s stock valued at $67,496,000 after acquiring an additional 962,418 shares during the last quarter. Victory Capital Management Inc. bought a new position in Coupa Software in the third quarter valued at approximately $24,428,000. Voya Investment Management LLC bought a new position in Coupa Software in the second quarter valued at approximately $22,196,000. Finally, Janus Henderson Group PLC bought a new position in Coupa Software in the second quarter valued at approximately $18,242,000. 76.71% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “Royal Bank Of Canada Reaffirms “Buy” Rating for Coupa Software (NASDAQ:COUP)” was reported by Week Herald and is the property of of Week Herald. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://weekherald.com/2017/12/04/royal-bank-of-canada-reaffirms-buy-rating-for-coupa-software-coup.html.
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.
Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.