Equities research analysts at RBC Capital Markets assumed coverage on shares of Coupa Software Inc (NASDAQ:COUP) in a research note issued to investors on Monday, The Fly reports. The firm set an “outperform” rating on the stock.
A number of other equities research analysts also recently commented on COUP. Royal Bank Of Canada started coverage on Coupa Software in a research report on Monday. They issued an “outperform” rating and a $31.00 target price on the stock. Barclays PLC started coverage on Coupa Software in a research report on Monday. They issued an “equal weight” rating on the stock. JPMorgan Chase & Co. started coverage on Coupa Software in a research report on Monday. They issued a “neutral” rating on the stock. Finally, JMP Securities began coverage on Coupa Software in a research report on Monday. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $22.00.
Shares of Coupa Software (NASDAQ:COUP) opened at 25.32 on Monday. The firm has a 50-day moving average price of $27.74 and a 200 day moving average price of $27.74. Coupa Software has a 12-month low of $24.83 and a 12-month high of $41.61. The stock’s market cap is $1218.17 billion.
In related news, Director Neeraj Agrawal acquired 275,000 shares of Coupa Software stock in a transaction on Wednesday, October 12th. The shares were bought at an average cost of $18.00 per share, with a total value of $4,950,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Michael Scott Irwin acquired 1,500 shares of Coupa Software stock in a transaction on Thursday, October 6th. The shares were bought at an average cost of $35.33 per share, for a total transaction of $52,995.00. Following the completion of the purchase, the insider now directly owns 500 shares of the company’s stock, valued at $17,665. The disclosure for this purchase can be found here.
Coupa Software Company Profile
Coupa Software Inc is a United States-based cloud-based spend management company. The Company enables businesses everywhere to recognize bottom-line financial success through Value as a Service. It provides an organic suite of cloud spend management applications, including invoicing, procurement, expense management, sourcing and inventory, allowing customers to realize a return on investment that can start within a few months.