Coupa Software (NASDAQ:COUP) had its price objective boosted by Barclays from $139.00 to $141.00 in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the technology company’s stock. Barclays‘s target price indicates a potential downside of 5.33% from the stock’s current price.
Other research analysts have also recently issued reports about the stock. Mizuho started coverage on shares of Coupa Software in a report on Thursday, October 10th. They set a “neutral” rating and a $140.00 target price on the stock. Zacks Investment Research lowered shares of Coupa Software from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Oppenheimer increased their price objective on shares of Coupa Software from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. Royal Bank of Canada lifted their price objective on shares of Coupa Software from $135.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, September 4th. Finally, Raymond James reissued an “outperform” rating and issued a $170.00 price objective (up previously from $150.00) on shares of Coupa Software in a research note on Tuesday. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Coupa Software currently has a consensus rating of “Buy” and an average price target of $155.04.
COUP stock opened at $148.94 on Tuesday. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 1.25. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of -222.30 and a beta of 1.59. The business’s fifty day simple moving average is $140.41 and its two-hundred day simple moving average is $134.52. Coupa Software has a twelve month low of $52.02 and a twelve month high of $159.97.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Monday, December 2nd. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.14. The business had revenue of $101.78 million for the quarter, compared to the consensus estimate of $96.20 million. Coupa Software had a negative return on equity of 13.73% and a negative net margin of 20.91%. The business’s revenue was up 50.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.08 EPS. Research analysts expect that Coupa Software will post -1.01 EPS for the current year.
In other news, CAO Anthony D. Tiscornia sold 260 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $146.42, for a total value of $38,069.20. Following the completion of the transaction, the chief accounting officer now directly owns 260 shares in the company, valued at $38,069.20. The sale 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 Coupa Software stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $137.19, for a total value of $8,673,837.75. Following the sale, the chief executive officer now directly owns 224,352 shares of the company’s stock, valued at approximately $30,778,850.88. The disclosure for this sale can be found here. Insiders have sold 313,054 shares of company stock worth $44,044,494 over the last three months. Corporate insiders own 5.30% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp purchased a new stake in Coupa Software in the fourth quarter valued at $2,224,000. Federated Investors Inc. PA acquired a new stake in Coupa Software during the fourth quarter worth about $11,330,000. FMR LLC acquired a new stake in Coupa Software during the fourth quarter worth about $603,000. Franklin Resources Inc. purchased a new position in Coupa Software during the fourth quarter valued at approximately $595,000. Finally, Metropolitan Life Insurance Co. NY purchased a new position in Coupa Software during the fourth quarter valued at approximately $260,000.
Coupa Software Company Profile
Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.
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