Coupa Software (COUP) Gets a Sell Rating from J.P. Morgan

In a report issued on June 4, Pinjalim Bora from J.P. Morgan maintained a Sell rating on Coupa Software (COUPResearch Report), with a price target of $75.00. The company’s shares closed last Friday at $60.40, close to its 52-week low of $58.33.

According to TipRanks.com, Bora is a 1-star analyst with an average return of -2.2% and a 40.0% success rate. Bora covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, Informatica, and Pegasystems.

Currently, the analyst consensus on Coupa Software is a Moderate Buy with an average price target of $86.25.

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Coupa Software’s market cap is currently $4.56B and has a P/E ratio of -12.47.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of COUP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 2006 and based in California, Coupa Software, Inc. provides a cloud-based business spending management platform. The company’s platform consists of procurement, invoicing, expense management, and payment modules.

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