Coupa Software (NASDAQ:COUP) had its price target boosted by analysts at Needham & Company LLC from $63.00 to $83.00 in a research note issued on Wednesday. The firm presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 15.28% from the company’s previous close.

COUP has been the topic of a number of other reports. Raymond James raised their price objective on Coupa Software from $52.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, June 5th. Barclays raised their price objective on Coupa Software from $53.00 to $58.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 15th. Loop Capital raised their price objective on Coupa Software to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, June 5th. They noted that the move was a valuation call. Oppenheimer raised their price objective on Coupa Software from $62.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, August 29th. Finally, Zacks Investment Research upgraded Coupa Software from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a report on Monday, August 6th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $61.63.

Coupa Software stock opened at $72.00 on Wednesday. The stock has a market capitalization of $4.09 billion, a PE ratio of -94.74 and a beta of 1.07. 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 has a 12 month low of $29.37 and a 12 month high of $72.36.

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

In other Coupa Software news, insider Anthony D. Tiscornia sold 781 shares of Coupa Software stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $60.25, for a total transaction of $47,055.25. Following the sale, the insider now directly owns 521 shares in the company, valued at approximately $31,390.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Bernshteyn sold 63,225 shares of Coupa Software stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $26.59, for a total value of $1,681,152.75. Following the sale, the chief executive officer now owns 199,637 shares in the company, valued at $5,308,347.83. The disclosure for this sale can be found here. Insiders have sold a total of 333,998 shares of company stock worth $19,555,821 over the last 90 days. 6.50% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in Coupa Software during the 2nd quarter valued at approximately $153,000. GAM Holding AG acquired a new position in Coupa Software during the 2nd quarter valued at approximately $204,000. Quantitative Systematic Strategies LLC acquired a new position in Coupa Software during the 2nd quarter valued at approximately $211,000. StepStone Group LP acquired a new position in Coupa Software during the 1st quarter valued at approximately $186,000. Finally, Great West Life Assurance Co. Can boosted its position in Coupa Software by 50.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 4,064 shares of the technology company’s stock valued at $253,000 after purchasing an additional 1,364 shares during the period. Institutional investors own 99.60% of the company’s stock.

About Coupa Software

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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