Coupa Software (NASDAQ:COUP) had its price objective lifted by investment analysts at Northland Securities from $85.00 to $150.00 in a research note issued on Thursday, The Fly reports. The brokerage currently has an “average” rating on the technology company’s stock. Northland Securities’ price objective points to a potential upside of 11.00% from the stock’s current price.
Several other brokerages have also recently commented on COUP. Barclays boosted their price target on shares of Coupa Software from $95.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 4th. They noted that the move was a valuation call. Bank of America began coverage on shares of Guangshen Railway Co. Ltd ADR Class H in a research report on Wednesday, June 26th. They set an “underperform” rating on the stock. Raymond James reissued an “outperform” rating and set a C$5.50 price target on shares of OceanaGold in a research report on Tuesday, June 4th. Oppenheimer boosted their price target on shares of Carlisle Companies from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 18th. Finally, SunTrust Banks boosted their price target on shares of Mirati Therapeutics to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $114.44.
NASDAQ:COUP traded down $1.15 on Thursday, hitting $135.14. 1,572,100 shares of the company’s stock were exchanged, compared to its average volume of 1,545,508. The business has a 50-day simple moving average of $122.15. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.07. Coupa Software has a 52 week low of $52.01 and a 52 week high of $140.69. The stock has a market capitalization of $8.42 billion, a P/E ratio of -201.70 and a beta of 1.61.
Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, June 3rd. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.26) by $0.29. Coupa Software had a negative net margin of 21.22% and a negative return on equity of 14.29%. The firm had revenue of $81.30 million for the quarter, compared to analysts’ expectations of $73.85 million. During the same period in the previous year, the firm posted ($0.01) EPS. The company’s revenue for the quarter was up 44.1% on a year-over-year basis. Research analysts anticipate that Coupa Software will post -1.19 earnings per share for the current year.
In other news, Director Veenendaal Frank Van sold 1,299 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $105.00, for a total value of $136,395.00. Following the sale, the director now directly owns 116,841 shares of the company’s stock, valued at approximately $12,268,305. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Anthony D. Tiscornia sold 1,138 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $95.90, for a total transaction of $109,134.20. Following the completion of the transaction, the chief accounting officer now owns 1,138 shares in the company, valued at approximately $109,134.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 409,119 shares of company stock worth $45,366,938. 5.30% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Coupa Software by 4.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,814 shares of the technology company’s stock valued at $256,000 after buying an additional 121 shares during the last quarter. Captrust Financial Advisors grew its stake in Coupa Software by 58.1% in the 4th quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock valued at $28,000 after buying an additional 161 shares during the last quarter. Caxton Associates LP grew its stake in Coupa Software by 8.3% in the 4th quarter. Caxton Associates LP now owns 3,988 shares of the technology company’s stock valued at $251,000 after buying an additional 307 shares during the last quarter. PRW Wealth Management LLC acquired a new position in Coupa Software in the 4th quarter valued at about $34,000. Finally, American International Group Inc. grew its stake in Coupa Software by 1.7% in the 4th quarter. American International Group Inc. now owns 35,905 shares of the technology company’s stock valued at $2,257,000 after buying an additional 617 shares during the last quarter. Institutional investors and hedge funds own 99.14% of the company’s stock.
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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