Somewhat Positive News Coverage Somewhat Unlikely to Impact Coupa (NASDAQ:COUP) Stock Price

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Media stories about Coupa (NASDAQ:COUP) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Coupa earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.9204503029583 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the headlines that may have effected Accern’s rankings:

Several brokerages recently weighed in on COUP. Zacks Investment Research downgraded shares of Coupa from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Cantor Fitzgerald restated a “buy” rating and issued a $38.00 target price on shares of Coupa in a report on Monday, December 11th. Raymond James Financial reiterated a “buy” rating and set a $40.00 price target on shares of Coupa in a research note on Tuesday, December 12th. Oppenheimer began coverage on shares of Coupa in a research note on Thursday, December 21st. They set a “buy” rating and a $41.00 price target on the stock. Finally, CIBC started coverage on shares of Coupa in a research note on Friday, December 22nd. They set an “outperform” rating and a $41.00 price target on the stock. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Coupa has a consensus rating of “Buy” and a consensus price target of $46.13.

COUP stock opened at $45.48 on Friday. Coupa has a 12 month low of $24.25 and a 12 month high of $50.69. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.18 and a quick ratio of 3.18. The stock has a market cap of $2,595.88, a P/E ratio of -59.84 and a beta of 1.13.

Coupa (NASDAQ:COUP) last released its quarterly earnings results on Monday, March 12th. The technology company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.17. The firm had revenue of $53.80 million during the quarter, compared to analysts’ expectations of $48.64 million. Coupa had a negative net margin of 23.45% and a negative return on equity of 19.30%. The firm’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.05) EPS. research analysts expect that Coupa will post -1.16 earnings per share for the current year.

In other news, CRO Steven M. Winter sold 11,336 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $33.99, for a total value of $385,310.64. Following the completion of the sale, the executive now owns 12,480 shares of the company’s stock, valued at approximately $424,195.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Todd R. Ford sold 112,500 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $46.21, for a total transaction of $5,198,625.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 401,919 shares of company stock valued at $17,118,797. 32.10% of the stock is owned by corporate insiders.

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Coupa Company Profile

Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company'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.

Insider Buying and Selling by Quarter for Coupa (NASDAQ:COUP)

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