Coupa Software (NASDAQ:COUP) had its target price lifted by equities researchers at Cantor Fitzgerald from $67.00 to $92.00 in a research report issued on Wednesday, The Fly reports. The firm presently has an “overweight” rating on the technology company’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 19.67% from the company’s previous close.
A number of other research analysts have also recently weighed in on COUP. BTIG Research cut shares of Coupa Software from a “buy” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a research report on Monday, June 18th. Zacks Investment Research upgraded shares of Coupa Software from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Thursday, June 7th. Raymond James upped their price target on shares of Coupa Software from $52.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, June 5th. Loop Capital upped their price target on shares of Coupa Software to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, June 5th. They noted that the move was a valuation call. Finally, Morgan Stanley upped their price target on shares of Coupa Software from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 9th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Coupa Software presently has a consensus rating of “Buy” and an average target price of $62.69.
COUP stock opened at $76.88 on Wednesday. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.67. Coupa Software has a twelve month low of $29.90 and a twelve month high of $84.53. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of -101.16 and a beta of 1.09.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data on Monday, June 4th. The technology company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.10. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 19.17%. The business had revenue of $56.35 million for the quarter, compared to analysts’ expectations of $51.33 million. During the same quarter in the previous year, the business posted ($0.09) earnings per share. The business’s revenue was up 37.0% compared to the same quarter last year. analysts anticipate that Coupa Software will post -1.11 EPS for the current fiscal year.
In other news, CFO Todd R. Ford sold 12,500 shares of the company’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $66.73, for a total value of $834,125.00. Following the transaction, the chief financial officer now directly owns 24,036 shares in the company, valued at $1,603,922.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert Bernshteyn sold 63,225 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $66.73, for a total transaction of $4,219,004.25. Following the completion of the transaction, the chief executive officer now owns 204,218 shares in the company, valued at $13,627,467.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 333,998 shares of company stock worth $19,555,821. Company insiders own 6.50% of the company’s stock.
A number of institutional investors have recently modified their holdings of COUP. Oppenheimer & Co. Inc. bought a new position in Coupa Software during the 1st quarter worth about $282,000. Great Lakes Advisors LLC bought a new position in Coupa Software during the 1st quarter worth about $7,039,000. Schwab Charles Investment Management Inc. grew its holdings in Coupa Software by 7.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 148,000 shares of the technology company’s stock worth $6,752,000 after acquiring an additional 9,653 shares in the last quarter. ETRADE Capital Management LLC bought a new position in Coupa Software during the 1st quarter worth about $370,000. Finally, Affinity Investment Advisors LLC bought a new position in Coupa Software during the 1st quarter worth about $341,000. Institutional investors own 98.31% of the company’s stock.
About Coupa Software
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; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.
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