Coupa Software (NASDAQ:COUP) Research Coverage Started at Wedbush

Wedbush started coverage on shares of Coupa Software (NASDAQ:COUP) in a research report released on Thursday, August 1st, FlyOnTheWall reports. The brokerage issued an outperform rating and a $168.00 price target on the technology company’s stock.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley upped their target price on shares of Coupa Software from $90.00 to $111.00 and gave the company an equal weight rating in a report on Tuesday, June 4th. Zacks Investment Research upgraded shares of Coupa Software from a sell rating to a hold rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. increased their price target on shares of Coupa Software from $75.00 to $90.00 and gave the stock a neutral rating in a research note on Tuesday, June 4th. Northland Securities increased their price target on shares of Coupa Software from $85.00 to $150.00 and gave the stock an average rating in a research note on Thursday, July 11th. Finally, SunTrust Banks increased their price target on shares of Coupa Software to $120.00 and gave the stock a buy rating in a research note on Tuesday, June 4th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Coupa Software has a consensus rating of Buy and a consensus price target of $123.94.

Shares of NASDAQ:COUP traded down $1.28 during trading hours on Thursday, reaching $140.18. The stock had a trading volume of 1,018,769 shares, compared to its average volume of 1,073,881. The firm’s 50 day moving average is $139.08 and its 200-day moving average is $111.98. Coupa Software has a 1 year low of $52.01 and a 1 year high of $148.00. 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 stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of -209.22 and a beta of 1.61.

Coupa Software (NASDAQ:COUP) last issued its earnings results on Monday, June 3rd. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $81.30 million during the quarter, compared to analysts’ expectations of $73.85 million. During the same quarter in the prior year, the business posted ($0.01) EPS. The company’s revenue for the quarter was up 44.1% on a year-over-year basis. Analysts forecast that Coupa Software will post -1.15 EPS for the current year.

In other news, insider Mark Riggs sold 3,843 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $118.77, for a total value of $456,433.11. Following the completion of the transaction, the insider now owns 3,293 shares in the company, valued at approximately $391,109.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd R. Ford sold 112,500 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $118.50, for a total transaction of $13,331,250.00. Following the transaction, the chief financial officer now owns 30,595 shares of the company’s stock, valued at $3,625,507.50. The disclosure for this sale can be found here. Insiders sold a total of 397,726 shares of company stock valued at $51,408,972 in the last quarter. Insiders own 5.30% of the company’s stock.

A number of large investors have recently bought and sold shares of COUP. Advantage Investment Management LLC acquired a new stake in shares of Coupa Software in the second quarter worth approximately $25,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Coupa Software in the second quarter worth approximately $40,000. Destination Wealth Management acquired a new stake in shares of Coupa Software in the second quarter worth approximately $44,000. Neuburgh Advisers LLC boosted its position 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 last quarter. Finally, Nisa Investment Advisors LLC boosted its position 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 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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