Coupa Software (COUP) Receives “Buy” Rating from Cantor Fitzgerald

Cantor Fitzgerald reiterated their buy rating on shares of Coupa Software (NASDAQ:COUP) in a report published on Monday morning. Cantor Fitzgerald currently has a $38.00 price target on the technology company’s stock.

COUP has been the topic of several other research reports. Royal Bank of Canada reiterated a buy rating and set a $41.00 price target on shares of Coupa Software in a report on Wednesday, November 15th. Zacks Investment Research raised Coupa Software from a sell rating to a hold rating in a research report on Tuesday, November 7th. ValuEngine raised Coupa Software from a sell rating to a hold rating in a research report on Wednesday, October 18th. Finally, Barclays reissued a hold rating and issued a $38.00 price objective (up from $34.00) on shares of Coupa Software in a research report on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $35.84.

Shares of Coupa Software (NASDAQ:COUP) traded up $1.36 during mid-day trading on Monday, reaching $34.00. The company’s stock had a trading volume of 707,200 shares, compared to its average volume of 472,367. Coupa Software has a one year low of $22.50 and a one year high of $37.72.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Monday, December 4th. The technology company reported ($0.05) 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 the consensus estimate of $45.02 million. During the same quarter last year, the company posted ($0.22) earnings per share. The company’s revenue for the quarter was up 33.6% compared to the same quarter last year. equities research analysts forecast that Coupa Software will post -0.94 EPS for the current year.

In other news, CEO Robert Bernshteyn sold 63,225 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $31.52, for a total value of $1,992,852.00. Following the completion of the sale, the chief executive officer now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anthony D. Tiscornia sold 781 shares of the stock in a transaction that occurred on 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 directly owns 521 shares of the company’s stock, valued at $17,286.78. The disclosure for this sale can be found here. Insiders sold 509,175 shares of company stock valued at $16,796,537 over the last three months. 32.10% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Coupa Software by 260.3% in the second quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock worth $78,254,000 after purchasing an additional 1,950,862 shares during the period. Sylebra HK Co Ltd lifted its position 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 worth $67,496,000 after purchasing an additional 962,418 shares during the period. Capital World Investors lifted its position in Coupa Software by 39.2% in the second quarter. Capital World Investors now owns 1,837,112 shares of the technology company’s stock worth $53,240,000 after purchasing an additional 517,000 shares during the period. Soma Equity Partners LP lifted its position in Coupa Software by 60.0% in the third 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. Finally, Federated Investors Inc. PA lifted its position in Coupa Software by 110.5% in the second quarter. Federated Investors Inc. PA now owns 1,073,100 shares of the technology company’s stock worth $31,098,000 after purchasing an additional 563,200 shares during the period. 76.68% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This story was first posted by Week Herald and is the property of of Week Herald. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and international trademark & copyright legislation. The original version of this story can be accessed at https://weekherald.com/2017/12/12/coupa-software-coup-receives-buy-rating-from-cantor-fitzgerald.html.

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.

Analyst Recommendations for Coupa Software (NASDAQ:COUP)

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.

Leave a Reply