Coupa Software (NASDAQ:COUP) had its target price raised by research analysts at Northland Securities from $150.00 to $165.00 in a research report issued on Tuesday, The Fly reports. The brokerage currently has a “market perform” rating on the technology company’s stock. Northland Securities’ price objective suggests a potential upside of 16.70% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the stock. Oppenheimer upped their price target on shares of Coupa Software from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. Royal Bank of Canada increased their price objective on Coupa Software from $135.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. TheStreet upgraded Coupa Software from a “d+” rating to a “c” rating in a report on Monday, October 7th. Morgan Stanley lifted their target price on Coupa Software from $146.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Evercore ISI assumed coverage on Coupa Software in a report on Thursday, September 26th. They issued an “outperform” rating and a $180.00 target price for the company. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $155.67.
NASDAQ:COUP opened at $141.39 on Tuesday. The firm has a market capitalization of $9.65 billion, a P/E ratio of -211.02 and a beta of 1.59. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.13 and a quick ratio of 2.13. Coupa Software has a one year low of $52.02 and a one year high of $159.97. The company’s 50-day simple moving average is $140.41 and its 200 day simple moving average is $134.52.
Coupa Software (NASDAQ:COUP) last announced its earnings results on Monday, December 2nd. The technology company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.14. Coupa Software had a negative net margin of 20.91% and a negative return on equity of 13.73%. The business had revenue of $101.78 million during the quarter, compared to the consensus estimate of $96.20 million. During the same quarter last year, the firm earned $0.08 earnings per share. The business’s revenue for the quarter was up 50.9% on a year-over-year basis. On average, equities research analysts expect that Coupa Software will post -1.01 earnings per share for the current fiscal year.
In other news, CEO Robert Bernshteyn sold 63,225 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $137.19, for a total transaction of $8,673,837.75. Following the completion of the sale, the chief executive officer now owns 224,352 shares in the company, valued at approximately $30,778,850.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Veenendaal Frank Van sold 2,598 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $129.47, for a total value of $336,363.06. Following the sale, the director now owns 81,137 shares of the company’s stock, valued at approximately $10,504,807.39. The disclosure for this sale can be found here. Insiders sold a total of 313,054 shares of company stock worth $44,044,494 over the last 90 days. Company insiders own 5.30% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Advantage Investment Management LLC acquired a new stake in shares of Coupa Software in the second quarter valued at about $25,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Coupa Software in the 2nd quarter worth $40,000. Neuburgh Advisers LLC grew its holdings in shares of Coupa Software by 100.0% in the 2nd quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock worth $45,000 after acquiring an additional 176 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Coupa Software by 39.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock worth $51,000 after acquiring an additional 115 shares during the last quarter. Finally, Glen Harbor Capital Management LLC raised its position in shares of Coupa Software by 100.0% during the second quarter. Glen Harbor Capital Management LLC now owns 484 shares of the technology company’s stock worth $61,000 after purchasing an additional 242 shares during the period.
About Coupa Software
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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