Coupa Software (NASDAQ:COUP) Price Target Raised to $125.00 at Loop Capital

Coupa Software (NASDAQ:COUP) had its price objective increased by investment analysts at Loop Capital to $125.00 in a research report issued to clients and investors on Thursday, June 6th, The Fly reports. The brokerage currently has a “buy” rating on the technology company’s stock. Loop Capital’s price target suggests a potential downside of 1.27% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Barclays lifted their target price on shares of Coupa Software from $95.00 to $101.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 4th. They noted that the move was a valuation call. Raymond James lifted their target price on shares of Coupa Software from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, June 4th. Bank of America lifted their target price on shares of Coupa Software from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Morgan Stanley lifted their target price on shares of Coupa Software from $90.00 to $111.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 4th. Finally, JPMorgan Chase & Co. lifted 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. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $110.38.

Shares of COUP stock traded up $0.11 during trading hours on Thursday, reaching $126.61. The stock had a trading volume of 7,379,740 shares, compared to its average volume of 2,011,935. The stock has a fifty day simple moving average of $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. Coupa Software has a 12 month low of $52.01 and a 12 month high of $129.40. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of -188.97 and a beta of 1.60.

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

In other Coupa Software news, CAO Anthony D. Tiscornia sold 1,138 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 1,138 shares of the company’s stock, valued at approximately $109,134.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Henry Tayloe Stansbury sold 5,000 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $90.10, for a total transaction of $450,500.00. Following the transaction, 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 worth $45,141,688. 5.30% of the stock is owned by insiders.

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

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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