Coupa Software (NASDAQ:COUP) had its price target raised by Barclays from $69.00 to $71.00 in a report published on Tuesday. They currently have an equal weight rating on the technology company’s stock.

A number of other brokerages have also commented on COUP. Needham & Company LLC lifted their price target on shares of Coupa Software from $63.00 to $83.00 and gave the stock a buy rating in a report on Wednesday, September 5th. Northland Securities lowered shares of Coupa Software from an outperform rating to a market perform rating in a report on Tuesday, September 11th. UBS Group cut their price target on shares of Coupa Software from $90.00 to $80.00 and set an outperform rating on the stock in a report on Tuesday. Zacks Investment Research lowered shares of Coupa Software from a buy rating to a hold rating in a report on Tuesday, November 6th. Finally, Loop Capital lifted their price target on shares of Coupa Software to $72.00 and gave the stock a hold rating in a report on Wednesday, September 5th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $64.35.

Shares of NASDAQ:COUP opened at $60.11 on Tuesday. The firm has a market cap of $3.84 billion, a PE ratio of -79.09 and a beta of 1.76. Coupa Software has a 52 week low of $30.65 and a 52 week high of $84.53.

Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, December 3rd. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.11. The company had revenue of $67.46 million for the quarter, compared to analyst estimates of $62.59 million. Coupa Software had a negative net margin of 19.93% and a negative return on equity of 14.93%. Coupa Software’s revenue was up 42.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Research analysts forecast that Coupa Software will post -0.82 EPS for the current year.

In other Coupa Software news, insider Anthony D. Tiscornia sold 781 shares of Coupa Software stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $78.06, for a total value of $60,964.86. Following the completion of the sale, the insider now directly owns 521 shares of the company’s stock, valued at $40,669.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert Bernshteyn sold 63,225 shares of Coupa Software stock in a transaction on Monday, November 19th. The shares were sold at an average price of $56.06, for a total transaction of $3,544,393.50. The disclosure for this sale can be found here. Insiders have sold 300,839 shares of company stock valued at $20,082,699 in the last three months. 6.50% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in Coupa Software in the second quarter valued at $153,000. D.A. Davidson & CO. bought a new stake in Coupa Software in the third quarter valued at $220,000. GAM Holding AG bought a new stake in Coupa Software in the second quarter valued at $204,000. Quantitative Systematic Strategies LLC bought a new stake in Coupa Software in the second quarter valued at $211,000. Finally, GSA Capital Partners LLP bought a new stake in Coupa Software in the third quarter valued at $277,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Coupa Software Company Profile

Coupa Software Incorporated provides cloud-based 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. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.

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Analyst Recommendations for Coupa Software (NASDAQ:COUP)

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