Coupa Software (NASDAQ:COUP) PT Set at $146.00 by Morgan Stanley

Morgan Stanley set a $146.00 price target on Coupa Software (NASDAQ:COUP) in a research note published on Thursday, TipRanks reports. The firm currently has a hold rating on the technology company’s stock.

COUP has been the subject of a number of other research reports. Goldman Sachs Group upped their price target on Coupa Software from $140.00 to $174.00 and gave the stock a buy rating in a research report on Wednesday, September 4th. KeyCorp upped their price target on Coupa Software from $171.00 to $178.00 and gave the stock an overweight rating in a research report on Wednesday, September 4th. ValuEngine upgraded Coupa Software from a buy rating to a strong-buy rating in a research report on Friday, September 6th. Needham & Company LLC upped their price target on Coupa Software from $140.00 to $160.00 and gave the stock a buy rating in a research report on Wednesday, September 4th. Finally, Deutsche Bank began coverage on Coupa Software in a research report on Wednesday, July 24th. They issued a hold rating and a $150.00 price target for the company. Six analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $154.90.

Coupa Software stock traded up $1.68 during mid-day trading on Thursday, reaching $129.57. 2,297,550 shares of the stock traded hands, compared to its average volume of 1,599,114. The stock has a market capitalization of $8.14 billion, a PE ratio of -193.39 and a beta of 1.60. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.13 and a quick ratio of 2.13. Coupa Software has a 12-month low of $52.01 and a 12-month high of $156.16. The business’s 50-day moving average is $138.90 and its 200-day moving average is $119.66.

Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data on Tuesday, September 3rd. The technology company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.19. The company had revenue of $95.00 million during the quarter, compared to analysts’ expectations of $85.38 million. Coupa Software had a negative return on equity of 13.73% and a negative net margin of 20.91%. Coupa Software’s revenue for the quarter was up 54.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 earnings per share. Equities analysts anticipate that Coupa Software will post -1.02 EPS for the current fiscal year.

In other news, CEO Robert Bernshteyn sold 63,225 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $143.63, for a total value of $9,081,006.75. Following the completion of the transaction, the chief executive officer now owns 224,352 shares of the company’s stock, valued at $32,223,677.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony D. Tiscornia sold 1,325 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $137.67, for a total value of $182,412.75. Following the completion of the transaction, the insider now directly owns 1,325 shares of the company’s stock, valued at approximately $182,412.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 303,054 shares of company stock valued at $42,212,802. Corporate insiders own 5.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its stake in shares of Coupa Software by 39.7% in the second quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock worth $51,000 after acquiring an additional 115 shares during the period. Neuburgh Advisers LLC boosted its stake in shares of Coupa Software by 100.0% in the second quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock worth $45,000 after acquiring an additional 176 shares during the period. Advantage Investment Management LLC bought a new position in shares of Coupa Software in the second quarter worth about $25,000. Glen Harbor Capital Management LLC boosted its stake in shares of Coupa Software by 100.0% in the second quarter. Glen Harbor Capital Management LLC now owns 484 shares of the technology company’s stock worth $61,000 after acquiring an additional 242 shares during the period. Finally, First Hawaiian Bank boosted its stake in shares of Coupa Software by 8.9% in the second quarter. First Hawaiian Bank now owns 3,320 shares of the technology company’s stock worth $420,000 after acquiring an additional 270 shares during the period.

Coupa Software Company Profile

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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Analyst Recommendations for Coupa Software (NASDAQ:COUP)

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