On Monday, December 18 the stock rating was upgraded by Compass Point to "Buy". CIBC initiated coverage on Coupa Software in a report on Friday, December 22nd. Royal Bank of Canada restated a "buy" rating and issued a $41.00 price target on shares of Coupa Software in a research note on Wednesday, November 15th. Dorel Industries Inc. had 20 analyst reports since August 7, 2015 according to SRatingsIntel. They noted that the move was a valuation call.
Among 8 analysts covering Independent Bank Corporation (NASDAQ:IBCP), 2 have Buy rating, 0 Sell and 6 Hold. Coupa Software presently has an average rating of "Buy" and a consensus target price of $43.67.
Shares of Coupa Software (COUP) opened at $48.39 on Friday. Coupa Software has a one year low of $22.50 and a one year high of $48.85. The stock has a market cap of $2,663.70, a price-to-earnings ratio of -61.48 and a beta of 1.29.
The stock of Coupa Software Incorporated (NASDAQ:COUP) is a huge mover today! The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.17, Bloomberg Earnings reports. 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 the consensus estimate of $45.02 million. After having $-0.19 EPS previously, Coupa Software Incorporated's analysts see 57.89% EPS growth. Finally, Northland Securities set a $41.00 price target on Coupa Software and gave the company a "buy" rating in a report on Wednesday, January 17th.
Also, CRO Steven M. Winter sold 11,336 shares of Coupa Software stock in a transaction that occurred on Tuesday, December 12th. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
In other news, SVP Ravi Thakur sold 11,240 shares of the firm's stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $34.33, for a total value of $389,164.88. Following the completion of the sale, the senior vice president now directly owns 14,306 shares of the company's stock, valued at $634,900.28. The disclosure for this sale can be found here. Insiders have sold 287,753 shares of company stock worth $10,593,997 over the last quarter. Insiders own 32.10% of the company's stock. LLC purchased a new stake in shares of Coupa Software in the fourth quarter worth approximately $242,000.
The stock increased 0.24% or $0.03 during the last trading session, reaching $12.52. About 1.29 million shares traded or 91.79% up from the average. Victory Capital Management Inc. raised its holdings in shares of Coupa Software by 52.3% in the 4th quarter. Personal Capital Advisors Corp acquired a new position in shares of Coupa Software during the fourth quarter worth about $261,000.
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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's platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a companyÂ's spend under management; and offers supporting modules, including sourcing, analytics, contract management, supplier management, inventory management, and storefront that help companies further manage their spend.