Coupa Software (NASDAQ:COUP) had its target price raised by JPMorgan Chase & Co. from $95.00 to $100.00 in a research report issued on Tuesday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 32.86% from the company’s current price.
Several other research firms have also recently weighed in on COUP. FBN Securities started coverage on Coupa Software in a research note on Tuesday, September 17th. They set an “outperform” rating and a $165.00 target price for the company. Citigroup started coverage on Coupa Software in a research note on Friday, October 25th. They issued a “neutral” rating and a $141.00 price target on the stock. Royal Bank of Canada upped their price objective on Coupa Software from $135.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. Canaccord Genuity initiated coverage on Coupa Software in a research report on Thursday, September 12th. They issued a “buy” rating and a $171.00 target price on the stock. Finally, KeyCorp increased their target price on shares of Coupa Software from $171.00 to $178.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $155.04.
COUP opened at $148.94 on Tuesday. Coupa Software has a twelve month low of $52.02 and a twelve month high of $159.97. The company has a 50-day simple moving average of $140.41 and a 200 day simple moving average of $134.52. 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 stock has a market capitalization of $9.65 billion, a price-to-earnings ratio of -222.30 and a beta of 1.59.
Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, December 2nd. The technology company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.14. The company had revenue of $101.78 million during the quarter, compared to the consensus estimate of $96.20 million. Coupa Software had a negative net margin of 20.91% and a negative return on equity of 13.73%. The firm’s quarterly revenue was up 50.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 EPS. Sell-side analysts anticipate that Coupa Software will post -1.01 EPS for the current fiscal year.
In other Coupa Software news, insider Mark Riggs sold 929 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $123.70, for a total transaction of $114,917.30. Following the transaction, the insider now directly owns 2,684 shares of the company’s stock, valued at approximately $332,010.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CRO Steven M. Winter sold 11,336 shares of Coupa Software stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $158.47, for a total transaction of $1,796,415.92. Following the sale, the executive now directly owns 15,492 shares in the company, valued at approximately $2,455,017.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 313,054 shares of company stock worth $44,044,494. 5.30% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Coupa Software by 260.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock valued at $78,254,000 after purchasing an additional 1,950,862 shares during the period. Whale Rock Capital Management LLC purchased a new position in shares of Coupa Software during the first quarter valued at approximately $88,552,000. Sylebra HK Co Ltd lifted its holdings in shares of Coupa Software by 82.9% during the fourth quarter. Sylebra HK Co Ltd now owns 3,962,308 shares of the technology company’s stock valued at $123,703,000 after purchasing an additional 1,795,516 shares during the last quarter. FMR LLC boosted its position in shares of Coupa Software by 86.9% in the 1st quarter. FMR LLC now owns 3,467,506 shares of the technology company’s stock worth $315,474,000 after purchasing an additional 1,612,326 shares in the last quarter. Finally, Alkeon Capital Management LLC purchased a new stake in shares of Coupa Software in the 1st quarter worth approximately $60,296,000.
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.
Recommended Story: Candlestick
Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.