The Coupa Software Inc (COUP) Now Covered by Analysts at RBC Capital Markets

The Coupa Software Inc (COUP) Now Covered by Analysts at RBC Capital Markets

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.

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