Coupa Software (NASDAQ:COUP) had its price target increased by Raymond James from $107.00 to $115.00 in a research report released on Tuesday, June 4th, The Fly reports. The firm currently has an outperform rating on the technology company’s stock.
Other research analysts have also issued reports about the company. Bank of America initiated coverage on Coupa Software in a report on Monday, May 13th. They issued a buy rating and a $120.00 price objective on the stock. KeyCorp initiated coverage on Coupa Software in a report on Tuesday, April 30th. They set an overweight rating and a $123.00 target price on the stock. Barclays increased their target price on Coupa Software from $95.00 to $101.00 and gave the stock an equal weight rating in a report on Tuesday, June 4th. They noted that the move was a valuation call. Morgan Stanley increased their target price on Coupa Software from $90.00 to $111.00 and gave the stock an equal weight rating in a report on Tuesday, June 4th. Finally, Northland Securities restated a hold rating and set a $85.00 price objective on shares of Coupa Software in a research report on Tuesday, June 4th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Coupa Software has a consensus rating of Buy and a consensus target price of $110.38.
Shares of Coupa Software stock traded up $0.11 on Tuesday, reaching $126.61. 1,638,402 shares of the company were exchanged, compared to its average volume of 1,556,335. Coupa Software has a one year low of $52.01 and a one year high of $129.40. The firm’s 50-day moving average is $115.36. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.07. The firm has a market cap of $7.82 billion, a P/E ratio of -188.97 and a beta of 1.60.
In related news, CAO Anthony D. Tiscornia sold 1,138 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was 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 owns 1,138 shares of the company’s stock, valued at $109,134.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Veenendaal Frank Van sold 1,299 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $105.00, for a total value of $136,395.00. Following the sale, the director now directly owns 116,841 shares of the company’s stock, valued at approximately $12,268,305. The disclosure for this sale can be found here. Insiders have sold 409,119 shares of company stock valued at $45,141,688 over the last 90 days. 5.30% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC grew its holdings in Coupa Software by 6.0% during the third quarter. Teachers Advisors LLC now owns 333,224 shares of the technology company’s stock valued at $26,358,000 after purchasing an additional 18,714 shares during the last quarter. Vanguard Group Inc grew its holdings in Coupa Software by 11.3% during the third quarter. Vanguard Group Inc now owns 4,610,782 shares of the technology company’s stock valued at $364,712,000 after purchasing an additional 467,714 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in Coupa Software by 20.3% during the fourth quarter. Xact Kapitalforvaltning AB now owns 8,900 shares of the technology company’s stock valued at $559,000 after purchasing an additional 1,500 shares during the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in Coupa Software during the fourth quarter valued at approximately $3,359,000. Finally, Rhumbline Advisers grew its holdings in Coupa Software by 49.4% during the fourth quarter. Rhumbline Advisers now owns 71,887 shares of the technology company’s stock valued at $4,519,000 after purchasing an additional 23,759 shares during the last quarter. Institutional investors and hedge funds own 99.14% of the company’s stock.
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.
Further Reading: What is a stock buyback?
Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.