Coupa Software (NASDAQ:COUP) PT Raised to $67.00 at Piper Sandler

Coupa Software (NASDAQ:COUPGet Rating) had its price objective increased by equities researchers at Piper Sandler from $65.00 to $67.00 in a report released on Wednesday, The Fly reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Piper Sandler’s target price suggests a potential downside of 1.60% from the stock’s previous close.

A number of other brokerages have also weighed in on COUP. Morgan Stanley reduced their price objective on Coupa Software from $99.00 to $94.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 16th. Bank of America reduced their price objective on Coupa Software from $120.00 to $96.00 and set a “buy” rating on the stock in a research report on Tuesday, May 31st. DA Davidson initiated coverage on Coupa Software in a report on Thursday, May 19th. They set a “neutral” rating and a $75.00 target price on the stock. Citigroup initiated coverage on Coupa Software in a report on Thursday, September 1st. They set a “buy” rating and a $77.00 target price on the stock. Finally, Raymond James lifted their target price on Coupa Software from $75.00 to $90.00 in a report on Tuesday, June 7th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $91.95.

Coupa Software Trading Up 3.4 %

Shares of COUP stock opened at $68.09 on Wednesday. The firm has a market capitalization of $5.14 billion, a P/E ratio of -14.83 and a beta of 1.50. Coupa Software has a twelve month low of $50.54 and a twelve month high of $260.86. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 6.42. The stock’s fifty day simple moving average is $65.18 and its 200 day simple moving average is $78.46.

Coupa Software (NASDAQ:COUPGet Rating) last issued its quarterly earnings data on Tuesday, September 6th. The technology company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.11. The business had revenue of $211.10 million for the quarter, compared to analyst estimates of $203.99 million. Coupa Software had a negative return on equity of 20.89% and a negative net margin of 43.73%. Coupa Software’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.35) EPS. As a group, sell-side analysts predict that Coupa Software will post -2.67 EPS for the current fiscal year.

Insider Activity

In related news, CAO Maurizio Baratta sold 598 shares of the company’s stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $55.11, for a total transaction of $32,955.78. Following the transaction, the chief accounting officer now directly owns 4,170 shares of the company’s stock, valued at approximately $229,808.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Todd R. Ford sold 1,940 shares of the company’s stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $55.11, for a total transaction of $106,913.40. Following the transaction, the chief financial officer now directly owns 30,884 shares of the company’s stock, valued at approximately $1,702,017.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Maurizio Baratta sold 598 shares of the company’s stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $55.11, for a total value of $32,955.78. Following the transaction, the chief accounting officer now directly owns 4,170 shares in the company, valued at $229,808.70. The disclosure for this sale can be found here. Insiders have sold 20,113 shares of company stock valued at $1,210,703 in the last ninety days. 2.20% of the stock is owned by company insiders.

Institutional Trading of Coupa Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COUP. Raymond James & Associates increased its holdings in Coupa Software by 5.6% during the 4th quarter. Raymond James & Associates now owns 20,999 shares of the technology company’s stock worth $3,319,000 after purchasing an additional 1,116 shares in the last quarter. First Republic Investment Management Inc. increased its holdings in Coupa Software by 8.0% during the 4th quarter. First Republic Investment Management Inc. now owns 1,560 shares of the technology company’s stock worth $247,000 after purchasing an additional 115 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Coupa Software by 9.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 100,795 shares of the technology company’s stock valued at $15,933,000 after acquiring an additional 8,412 shares in the last quarter. UMB Bank N A MO bought a new position in shares of Coupa Software in the fourth quarter valued at approximately $37,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Coupa Software by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 9,712 shares of the technology company’s stock valued at $1,535,000 after acquiring an additional 394 shares in the last quarter.

About Coupa Software

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Coupa Software Incorporated provides cloud-based business spend management platform that connects its customers with suppliers worldwide. The company provides visibility into and control over how companies spend money, optimize supply chains, and manage liquidity, as well as enables businesses to achieve savings that drive profitability.

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