Coupa Software (NASDAQ:COUP) PT Raised to $162.00 at Citigroup

Coupa Software (NASDAQ:COUP) had its price objective boosted by investment analysts at Citigroup from $141.00 to $162.00 in a note issued to investors on Wednesday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the technology company’s stock. Citigroup‘s price objective suggests a potential upside of 5.89% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Barclays upped their price target on shares of Coupa Software from $139.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Bank of America raised their price objective on shares of Coupa Software from $168.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Needham & Company LLC reissued a “buy” rating and set a $171.00 price objective on shares of Coupa Software in a report on Tuesday. Evercore ISI initiated coverage on shares of Coupa Software in a report on Thursday, September 26th. They set an “outperform” rating and a $180.00 price objective on the stock. Finally, SunTrust Banks restated a “buy” rating and set a $170.00 target price on shares of Coupa Software in a research report on Monday. Nine investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $160.35.

Coupa Software stock opened at $152.99 on Wednesday. The stock’s 50 day moving average price is $140.08 and its 200 day moving average price is $135.14. Coupa Software has a 1-year low of $52.02 and a 1-year high of $159.97. The company has a market cap of $9.65 billion, a PE ratio of -228.34 and a beta of 1.59. 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 (NASDAQ:COUP) last released its quarterly earnings data on Monday, December 2nd. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.14. Coupa Software had a negative return on equity of 13.73% and a negative net margin of 20.91%. The firm had revenue of $101.78 million during the quarter, compared to analysts’ expectations of $96.20 million. During the same quarter in the prior year, the business posted $0.08 earnings per share. Coupa Software’s revenue was up 50.9% compared to the same quarter last year. On average, equities research analysts anticipate that Coupa Software will post -1.01 EPS for the current fiscal year.

In other Coupa Software news, CFO Todd R. Ford sold 12,500 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $146.15, for a total transaction of $1,826,875.00. Following the sale, the chief financial officer now owns 36,651 shares in the company, valued at approximately $5,356,543.65. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark Riggs sold 929 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $123.70, for a total value of $114,917.30. Following the transaction, the insider now directly owns 2,684 shares of the company’s stock, valued at approximately $332,010.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 302,794 shares of company stock valued at $42,521,925. 5.30% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COUP. Morgan Stanley increased its position in Coupa Software by 1.9% during the 2nd quarter. Morgan Stanley now owns 5,752,089 shares of the technology company’s stock worth $728,271,000 after purchasing an additional 105,486 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Coupa Software by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 5,394,454 shares of the technology company’s stock worth $682,992,000 after purchasing an additional 51,060 shares during the last quarter. Whale Rock Capital Management LLC grew its holdings in shares of Coupa Software by 14.6% during the second quarter. Whale Rock Capital Management LLC now owns 3,141,702 shares of the technology company’s stock worth $397,771,000 after buying an additional 399,401 shares in the last quarter. Viking Global Investors LP purchased a new stake in shares of Coupa Software during the second quarter worth about $126,336,000. Finally, Invesco Ltd. raised its position in shares of Coupa Software by 361.4% in the second quarter. Invesco Ltd. now owns 899,663 shares of the technology company’s stock valued at $113,906,000 after buying an additional 704,683 shares during the last quarter.

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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