Press coverage about Coupa Software (NASDAQ:COUP) has been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Coupa Software earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 44.9631134029697 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Coupa Software Inc (COUP) CFO Todd R. Ford Sells 12,000 Shares (americanbankingnews.com)
- Coupa Software Inc (COUP) CEO Robert Bernshteyn Sells 63,225 Shares (americanbankingnews.com)
- Coupa (COUP) Closes Senior Note Offering Worth $200 Million (finance.yahoo.com)
- Coupa Wins ‘Innovative Sourcing Technology of the Year’ (finance.yahoo.com)
- Anthony D. Tiscornia Sells 1,293 Shares of Coupa Software Inc (COUP) Stock (americanbankingnews.com)
Shares of Coupa Software (NASDAQ COUP) opened at $37.59 on Wednesday. Coupa Software has a 52 week low of $22.50 and a 52 week high of $38.49. The stock has a market capitalization of $2,070.00 and a P/E ratio of -37.59.
COUP has been the topic of a number of research reports. Barclays upgraded Coupa Software from an “equal weight” rating to an “overweight” rating and set a $38.00 price objective on the stock in a research note on Monday, January 8th. Royal Bank of Canada restated a “buy” rating and issued a $41.00 price objective on shares of Coupa Software in a research note on Wednesday, November 15th. Northland Securities set a $41.00 price target on Coupa Software and gave the company a “buy” rating in a research report on Wednesday, January 17th. Zacks Investment Research upgraded Coupa Software from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Raymond James Financial reiterated a “buy” rating and set a $40.00 price target on shares of Coupa Software in a research report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. Coupa Software currently has an average rating of “Buy” and an average price target of $36.87.
In related news, insider Anthony D. Tiscornia sold 781 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $33.18, for a total transaction of $25,913.58. Following the completion of the transaction, the insider now owns 521 shares in the company, valued at $17,286.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Robert Bernshteyn sold 63,225 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $33.95, for a total value of $2,146,488.75. Following the transaction, the chief executive officer now owns 162,092 shares of the company’s stock, valued at approximately $5,503,023.40. The disclosure for this sale can be found here. Insiders sold 358,346 shares of company stock valued at $12,175,925 in the last quarter. Corporate insiders own 32.10% of the company’s stock.
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Coupa Software Company Profile
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.
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