Coupa Software (NASDAQ:COUP) was upgraded by equities researchers at Loop Capital from a “hold” rating to a “buy” rating in a research note issued on Friday, The Fly reports. The firm presently has a $72.00 price target on the technology company’s stock. Loop Capital’s price target suggests a potential upside of 14.89% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Cantor Fitzgerald upped their price objective on Coupa Software from $67.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 5th. Northland Securities lowered Coupa Software from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 11th. Zacks Investment Research upgraded Coupa Software from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Friday, September 7th. Barclays upped their price objective on Coupa Software from $53.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 15th. Finally, Needham & Company LLC upped their price objective on Coupa Software from $63.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Coupa Software presently has an average rating of “Buy” and a consensus price target of $63.69.
Shares of NASDAQ:COUP opened at $62.67 on Friday. Coupa Software has a twelve month low of $30.65 and a twelve month high of $84.53. The company has a market capitalization of $3.56 billion, a P/E ratio of -82.46 and a beta of 1.79.
Coupa Software (NASDAQ:COUP) last released its quarterly earnings data on Tuesday, September 4th. The technology company reported ($0.17) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.13. Coupa Software had a negative return on equity of 16.73% and a negative net margin of 22.52%. The business had revenue of $61.65 million for the quarter, compared to analyst estimates of $56.61 million. Analysts expect that Coupa Software will post -0.98 earnings per share for the current year.
In other news, Director Veenendaal Frank Van sold 1,000 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $80.30, for a total transaction of $80,300.00. Following the transaction, the director now owns 123,635 shares in the company, valued at approximately $9,927,890.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert Bernshteyn sold 63,225 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $56.06, for a total value of $3,544,393.50. The disclosure for this sale can be found here. Insiders have sold a total of 293,604 shares of company stock worth $19,708,143 in the last quarter. Insiders own 6.50% of the company’s stock.
Several large investors have recently made changes to their positions in COUP. SG Americas Securities LLC purchased a new position in shares of Coupa Software during the 2nd quarter valued at approximately $153,000. GAM Holding AG purchased a new position in shares of Coupa Software during the 2nd quarter valued at approximately $204,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Coupa Software during the 2nd quarter valued at approximately $211,000. D.A. Davidson & CO. purchased a new position in shares of Coupa Software during the 3rd quarter valued at approximately $220,000. Finally, Great West Life Assurance Co. Can lifted its position in shares of Coupa Software by 50.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 4,064 shares of the technology company’s stock valued at $253,000 after buying an additional 1,364 shares in the last quarter. Hedge funds and other institutional investors own 97.10% 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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