Coupa Software Inc (NASDAQ:COUP) Receives Average Recommendation of “Buy” from Analysts

Coupa Software Inc (NASDAQ:COUP) has received an average rating of “Buy” from the seventeen brokerages that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $107.27.

COUP has been the topic of several analyst reports. Royal Bank of Canada increased their price objective on Coupa Software from $84.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. Morgan Stanley increased their price objective on Coupa Software from $70.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, March 8th. SunTrust Banks increased their price objective on Coupa Software to $110.00 and gave the company a “buy” rating in a research note on Tuesday, March 12th. Needham & Company LLC restated a “buy” rating and issued a $108.00 price target (up from $83.00) on shares of Coupa Software in a research note on Tuesday, March 12th. They noted that the move was a valuation call. Finally, Raymond James raised their price objective on Coupa Software from $86.00 to $107.00 in a report on Tuesday, March 12th.

In other news, CAO Anthony D. Tiscornia sold 1,138 shares of Coupa Software stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $95.90, for a total transaction of $109,134.20. Following the completion of the sale, the chief accounting officer now directly owns 1,138 shares in the company, valued at approximately $109,134.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Anthony D. Tiscornia sold 261 shares of Coupa Software stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $101.32, for a total transaction of $26,444.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 409,119 shares of company stock worth $45,141,688. Corporate insiders own 5.30% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors raised its position in shares of 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 purchasing an additional 161 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Coupa Software during the 4th quarter worth approximately $31,000. PRW Wealth Management LLC acquired a new position in shares of Coupa Software during the 4th quarter worth approximately $34,000. FNY Investment Advisers LLC acquired a new position in shares of Coupa Software during the 1st quarter worth approximately $70,000. Finally, Advisor Group Inc. raised its position in shares of Coupa Software by 114.5% during the 4th quarter. Advisor Group Inc. now owns 1,521 shares of the technology company’s stock worth $96,000 after purchasing an additional 812 shares during the last quarter. Hedge funds and other institutional investors own 99.14% of the company’s stock.

NASDAQ:COUP traded down $4.67 during trading hours on Tuesday, reaching $120.39. 1,406,157 shares of the stock were exchanged, compared to its average volume of 1,501,185. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a 50-day simple moving average of $113.64. Coupa Software has a twelve month low of $52.01 and a twelve month high of $129.40. The stock has a market cap of $7.72 billion, a P/E ratio of -179.69 and a beta of 1.58.

Coupa Software (NASDAQ:COUP) last released its quarterly earnings results on Monday, June 3rd. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $73.85 million. During the same period in the prior year, the firm earned ($0.01) earnings per share. The firm’s revenue was up 44.1% compared to the same quarter last year. As a group, analysts forecast that Coupa Software will post -1.19 earnings per share for the current fiscal year.

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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Analyst Recommendations for Coupa Software (NASDAQ:COUP)

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