Coupa Software (NASDAQ:COUP) had its target price upped by equities research analysts at Loop Capital to $72.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has a “hold” rating on the technology company’s stock. Loop Capital’s price target points to a potential downside of 6.23% from the company’s current price.
Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Coupa Software from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Thursday, June 7th. Needham & Company LLC lifted their price objective on shares of Coupa Software from $55.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday, June 5th. SunTrust Banks lifted their price objective on shares of Coupa Software to $65.00 and gave the company a “buy” rating in a research report on Tuesday, June 5th. Cantor Fitzgerald reiterated a “buy” rating and issued a $67.00 price objective (up from $58.00) on shares of Coupa Software in a research report on Tuesday, June 5th. Finally, Morgan Stanley lifted their price objective on shares of Coupa Software from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 5th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Coupa Software currently has a consensus rating of “Buy” and an average price target of $62.69.
Shares of NASDAQ:COUP opened at $76.78 on Wednesday. Coupa Software has a fifty-two week low of $30.07 and a fifty-two week high of $84.53. 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 (NASDAQ:COUP) last issued its quarterly earnings data on Monday, June 4th. The technology company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.10. The firm had revenue of $56.35 million for the quarter, compared to the consensus estimate of $51.33 million. Coupa Software had a negative net margin of 22.52% and a negative return on equity of 17.14%. Coupa Software’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.09) EPS. research analysts anticipate that Coupa Software will post -1.11 earnings per share for the current year.
In other Coupa Software news, CFO Todd R. Ford sold 12,500 shares of the business’s stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $63.05, for a total transaction of $788,125.00. Following the sale, the chief financial officer now directly owns 21,872 shares in the company, valued at approximately $1,379,029.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ravi Thakur sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $71.32, for a total transaction of $713,200.00. Following the sale, the senior vice president now owns 15,350 shares in the company, valued at $1,094,762. The disclosure for this sale can be found here. Insiders have sold a total of 343,998 shares of company stock worth $20,269,021 over the last 90 days. 6.50% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of Coupa Software in the 2nd quarter worth approximately $153,000. GAM Holding AG bought a new stake in shares of Coupa Software in the 2nd quarter worth approximately $204,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Coupa Software in the 2nd quarter worth approximately $211,000. StepStone Group LP bought a new stake in shares of Coupa Software in the 1st quarter worth approximately $186,000. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Coupa Software by 50.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 4,064 shares of the technology company’s stock worth $253,000 after purchasing an additional 1,364 shares in the last quarter. Institutional investors own 98.31% of the company’s stock.
Coupa Software 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; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.
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