Coupa Software (NASDAQ:COUP) had its price objective lifted by equities researchers at Royal Bank of Canada to $83.00 in a report issued on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the technology company’s stock. Royal Bank of Canada’s price target indicates a potential upside of 15.28% from the company’s previous close.

Several other research analysts also recently commented on COUP. Cantor Fitzgerald reiterated an “overweight” rating and issued a $92.00 target price (up previously from $67.00) on shares of Coupa Software in a report on Wednesday. BTIG Research downgraded shares of Coupa Software from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a report on Monday, June 18th. Zacks Investment Research upgraded shares of Coupa Software from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Thursday, June 7th. Oppenheimer lifted their target price on shares of Coupa Software from $62.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, August 29th. Finally, Raymond James lifted their target price on shares of Coupa Software from $52.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, June 5th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Coupa Software has an average rating of “Buy” and a consensus price target of $58.75.

Shares of COUP opened at $72.00 on Wednesday. The firm has a market capitalization of $4.09 billion, a P/E ratio of -94.74 and a beta of 1.07. Coupa Software has a one year low of $29.37 and a one year high of $72.36. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.67.

Coupa Software (NASDAQ:COUP) last announced its earnings results on Monday, June 4th. The technology company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.10. The firm had revenue of $56.35 million for the quarter, compared to the consensus estimate of $51.33 million. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 19.17%. The business’s quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.09) EPS. research analysts expect that Coupa Software will post -1.11 EPS for the current fiscal year.

In other news, SVP Ravi Thakur sold 494 shares of the business’s stock in a transaction dated Thursday, June 21st. The shares were sold at an average price of $63.61, for a total transaction of $31,423.34. Following the transaction, the senior vice president now owns 5,539 shares in the company, valued at approximately $352,335.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Anthony D. Tiscornia sold 781 shares of the business’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $60.25, for a total transaction of $47,055.25. Following the transaction, the insider now owns 521 shares in the company, valued at approximately $31,390.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 333,998 shares of company stock worth $19,555,821. Insiders own 6.50% of the company’s stock.

Several large investors have recently bought and sold shares of COUP. Sylebra HK Co Ltd increased its stake in Coupa Software by 4.5% in the second quarter. Sylebra HK Co Ltd now owns 3,533,098 shares of the technology company’s stock valued at $219,900,000 after acquiring an additional 150,823 shares during the period. BlackRock Inc. increased its stake in Coupa Software by 58.9% in the second quarter. BlackRock Inc. now owns 3,042,360 shares of the technology company’s stock valued at $189,357,000 after acquiring an additional 1,128,149 shares during the period. Whale Rock Capital Management LLC increased its stake in Coupa Software by 16.8% in the second quarter. Whale Rock Capital Management LLC now owns 2,267,803 shares of the technology company’s stock valued at $141,148,000 after acquiring an additional 326,727 shares during the period. FMR LLC increased its stake in Coupa Software by 42.3% in the second quarter. FMR LLC now owns 1,774,407 shares of the technology company’s stock valued at $110,439,000 after acquiring an additional 527,529 shares during the period. Finally, Federated Investors Inc. PA increased its stake in Coupa Software by 3.7% in the first quarter. Federated Investors Inc. PA now owns 1,363,410 shares of the technology company’s stock valued at $62,199,000 after acquiring an additional 48,410 shares during the period. Institutional investors own 99.60% of the company’s stock.

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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