Barclays Increases Coupa Software (NASDAQ:COUP) Price Target to $101.00

Coupa Software (NASDAQ:COUP) had its target price increased by equities researchers at Barclays from $95.00 to $101.00 in a report issued on Tuesday, June 4th, The Fly reports. The firm currently has an “equal weight” rating on the technology company’s stock. Barclays‘s price target points to a potential downside of 15.08% from the stock’s current price. The analysts noted that the move was a valuation call.

COUP has been the subject of several other research reports. Bank of America began coverage on shares of Coupa Software in a research report on Monday, May 13th. They issued a “buy” rating and a $120.00 price objective for the company. Raymond James boosted their price objective on shares of Coupa Software from $86.00 to $107.00 in a research report on Tuesday, March 12th. Needham & Company LLC restated a “buy” rating and issued a $108.00 price objective (up previously from $83.00) on shares of Coupa Software in a research report on Tuesday, March 12th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Coupa Software from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Finally, Morgan Stanley boosted their price objective on shares of Coupa Software from $70.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, March 8th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Coupa Software presently has a consensus rating of “Buy” and a consensus price target of $108.38.

NASDAQ COUP traded down $1.45 during trading on Tuesday, reaching $118.94. 1,987,706 shares of the company traded hands, compared to its average volume of 1,505,958. Coupa Software has a 1-year low of $52.01 and a 1-year high of $129.40. The stock has a 50 day moving average price of $114.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $7.73 billion, a P/E ratio of -177.52 and a beta of 1.60.

Coupa Software (NASDAQ:COUP) last posted its earnings results on Monday, June 3rd. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.29. Coupa Software had a negative net margin of 21.22% and a negative return on equity of 14.29%. The company had revenue of $81.30 million during the quarter, compared to analysts’ expectations of $73.85 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. Coupa Software’s quarterly revenue was up 44.1% compared to the same quarter last year. Equities research analysts forecast that Coupa Software will post -1.19 earnings per share for the current fiscal year.

In other Coupa Software news, insider Mark Riggs sold 929 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $95.44, for a total transaction of $88,663.76. Following the sale, the insider now directly owns 4,487 shares of the company’s stock, valued at approximately $428,239.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Henry Tayloe Stansbury sold 5,000 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $90.10, for a total transaction of $450,500.00. Following the sale, the director now directly owns 10,288 shares in the company, valued at $926,948.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 409,119 shares of company stock valued at $45,141,688. Company insiders own 5.30% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Coupa Software by 4.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,814 shares of the technology company’s stock worth $256,000 after buying an additional 121 shares in the last quarter. Captrust Financial Advisors lifted its position in Coupa Software by 58.1% during the 4th quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock worth $28,000 after buying an additional 161 shares in the last quarter. Caxton Associates LP raised its holdings in shares of Coupa Software by 8.3% in the 4th quarter. Caxton Associates LP now owns 3,988 shares of the technology company’s stock valued at $251,000 after purchasing an additional 307 shares during the period. Karp Capital Management Corp bought a new stake in shares of Coupa Software in the 4th quarter valued at about $31,000. Finally, PRW Wealth Management LLC bought a new stake in shares of Coupa Software in the 4th quarter valued at about $34,000. 99.14% of the stock is currently owned by hedge funds and other institutional investors.

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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