Coupa Software (NASDAQ:COUP) Rating Reiterated by Needham & Company LLC

Coupa Software (NASDAQ:COUP)‘s stock had its “buy” rating reiterated by analysts at Needham & Company LLC in a research note issued to investors on Tuesday, The Fly reports. They presently have a $171.00 target price on the technology company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 15.65% from the company’s current price.

A number of other equities analysts have also issued reports on the stock. Morgan Stanley raised their target price on shares of Coupa Software from $146.00 to $151.00 and gave the stock a “weight” rating in a research report on Tuesday. Piper Jaffray Companies assumed coverage on shares of Coupa Software in a research report on Monday, October 28th. They issued an “overweight” rating and a $150.00 price target for the company. Northland Securities increased their price target on shares of Coupa Software from $150.00 to $165.00 and gave the stock a “market perform” rating in a research note on Tuesday. ValuEngine lowered shares of Coupa Software from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Raymond James reaffirmed an “outperform” rating and issued a $170.00 target price (up from $150.00) on shares of Coupa Software in a report on Tuesday. Nine investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Coupa Software presently has a consensus rating of “Buy” and an average target price of $157.00.

Shares of Coupa Software stock opened at $147.87 on Tuesday. The company has a market capitalization of $9.65 billion, a P/E ratio of -220.69 and a beta of 1.59. The company has a 50 day moving average of $140.26 and a 200 day moving average of $134.74. Coupa Software has a 52-week low of $52.02 and a 52-week high of $159.97. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 1.25.

Coupa Software (NASDAQ:COUP) last announced its earnings results on Monday, December 2nd. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm earned $0.08 EPS. The business’s revenue was up 50.9% on a year-over-year basis. As a group, research analysts anticipate that Coupa Software will post -1.01 earnings per share for the current fiscal year.

In related news, CAO Anthony D. Tiscornia sold 260 shares of Coupa Software stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $146.42, for a total value of $38,069.20. Following the sale, the chief accounting officer now directly owns 260 shares in the company, valued at $38,069.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CRO Steven M. Winter sold 11,336 shares of Coupa Software stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $158.47, for a total value of $1,796,415.92. Following the completion of the sale, the executive now owns 15,492 shares in the company, valued at $2,455,017.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 313,054 shares of company stock valued at $44,044,494. 5.30% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Optimum Investment Advisors boosted its position in shares of Coupa Software by 20.0% during the 3rd quarter. Optimum Investment Advisors now owns 600 shares of the technology company’s stock worth $78,000 after purchasing an additional 100 shares in the last quarter. World Asset Management Inc lifted its position in shares of Coupa Software by 5.1% during the 3rd quarter. World Asset Management Inc now owns 2,048 shares of the technology company’s stock valued at $265,000 after acquiring an additional 100 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Coupa Software by 39.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock valued at $51,000 after acquiring an additional 115 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of Coupa Software by 6.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 2,151 shares of the technology company’s stock valued at $272,000 after acquiring an additional 133 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Coupa Software by 4.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,579 shares of the technology company’s stock worth $464,000 after acquiring an additional 164 shares during the period.

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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The Fly

Analyst Recommendations for Coupa Software (NASDAQ:COUP)

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