Coupa Software (COUP) Reaches New 12-Month High at $107.90

Shares of Coupa Software Inc (NASDAQ:COUP) hit a new 52-week high on Wednesday . The company traded as high as $107.90 and last traded at $105.71, with a volume of 45818 shares trading hands. The stock had previously closed at $103.58.

A number of brokerages recently weighed in on COUP. Zacks Investment Research downgraded shares of Coupa Software from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Bank of America initiated coverage on shares of Coupa Software in a report on Monday. They set a “buy” rating and a $120.00 target price on the stock. Needham & Company LLC restated a “buy” rating and set a $108.00 target price (up from $83.00) on shares of Coupa Software in a report on Tuesday, March 12th. They noted that the move was a valuation call. Morgan Stanley raised their target price on shares of Coupa Software from $70.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, March 8th. Finally, Barclays restated a “hold” rating and set a $86.00 target price on shares of Coupa Software in a report on Wednesday, March 13th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $96.80.

The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of -164.15 and a beta of 1.88.

Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, March 11th. The technology company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.08. The company had revenue of $74.91 million during the quarter, compared to analysts’ expectations of $68.07 million. Coupa Software had a negative net margin of 21.33% and a negative return on equity of 14.28%. Analysts anticipate that Coupa Software Inc will post -0.78 EPS for the current fiscal year.

In related news, insider Anthony D. Tiscornia sold 261 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $101.32, for a total value of $26,444.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Todd R. Ford sold 12,500 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $95.11, for a total transaction of $1,188,875.00. The disclosure for this sale can be found here. Insiders have sold a total of 327,555 shares of company stock valued at $30,727,010 over the last ninety days. Company insiders own 5.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors lifted its holdings in Coupa Software by 58.1% during the 4th quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock valued at $28,000 after purchasing an additional 161 shares during the last quarter. Karp Capital Management Corp acquired a new position in Coupa Software in the fourth quarter valued at about $31,000. PRW Wealth Management LLC acquired a new position in Coupa Software in the fourth quarter valued at about $34,000. FNY Investment Advisers LLC acquired a new position in Coupa Software in the first quarter valued at about $70,000. Finally, US Bancorp DE raised its stake in Coupa Software by 77.8% in the first quarter. US Bancorp DE now owns 937 shares of the technology company’s stock valued at $85,000 after purchasing an additional 410 shares in the last quarter. 95.69% of the stock is owned by institutional investors and hedge funds.

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About Coupa Software (NASDAQ:COUP)

Coupa Software Incorporated provides cloud-based business 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.

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