Coupa Software (NASDAQ:COUP) had its price target raised by stock analysts at KeyCorp from $130.00 to $160.00 in a note issued to investors on Wednesday, The Fly reports. The firm currently has an “overweight” rating on the technology company’s stock. KeyCorp’s price objective would suggest a potential upside of 9.76% from the stock’s previous close.
Other research analysts have also issued research reports about the company. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Northland Securities boosted their price objective on Coupa Software from $85.00 to $150.00 and gave the stock an “average” rating in a report on Thursday, July 11th. Morgan Stanley set a $17.00 price objective on BOX and gave the stock a “hold” rating in a report on Tuesday, June 4th. Raymond James reissued an “outperform” rating and set a C$5.50 price objective on shares of OceanaGold in a report on Tuesday, June 4th. Finally, SunTrust Banks boosted their price objective on Mirati Therapeutics to $120.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Coupa Software has a consensus rating of “Buy” and a consensus price target of $115.94.
Shares of NASDAQ COUP opened at $145.77 on Wednesday. Coupa Software has a 12 month low of $52.01 and a 12 month high of $146.58. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of -217.57 and a beta of 1.61. The stock’s 50-day simple moving average is $126.21.
Coupa Software (NASDAQ:COUP) last issued its quarterly earnings data on Monday, June 3rd. The technology company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.29. Coupa Software had a negative return on equity of 14.29% and a negative net margin of 21.22%. The company had revenue of $81.30 million during the quarter, compared to analyst estimates of $73.85 million. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. Coupa Software’s revenue was up 44.1% on a year-over-year basis. As a group, analysts anticipate that Coupa Software will post -1.19 EPS for the current year.
In other Coupa Software news, insider Mark Riggs sold 929 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $95.44, for a total value of $88,663.76. Following the completion of the sale, the insider now owns 4,487 shares of the company’s stock, valued at $428,239.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Roger S. Siboni sold 9,351 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $100.00, for a total value of $935,100.00. Following the completion of the sale, the director now directly owns 14,639 shares of the company’s stock, valued at approximately $1,463,900. The disclosure for this sale can be found here. In the last ninety days, insiders sold 333,581 shares of company stock valued at $39,079,586. 5.30% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Northern Trust Corp boosted its stake in shares of Coupa Software by 2.8% during the fourth quarter. Northern Trust Corp now owns 688,164 shares of the technology company’s stock valued at $43,257,000 after purchasing an additional 18,518 shares during the period. Swiss National Bank boosted its stake in shares of Coupa Software by 5.0% during the first quarter. Swiss National Bank now owns 84,600 shares of the technology company’s stock valued at $7,697,000 after purchasing an additional 4,000 shares during the period. Norges Bank purchased a new stake in shares of Coupa Software during the fourth quarter valued at approximately $19,200,000. Barton Investment Management boosted its stake in shares of Coupa Software by 494.5% during the first quarter. Barton Investment Management now owns 94,235 shares of the technology company’s stock valued at $8,574,000 after purchasing an additional 78,385 shares during the period. Finally, FMR LLC boosted its stake in shares of Coupa Software by 86.9% during the first quarter. FMR LLC now owns 3,467,506 shares of the technology company’s stock valued at $315,474,000 after purchasing an additional 1,612,326 shares during the period. 99.14% of the stock is owned by hedge funds and other institutional investors.
About Coupa Software
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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