Barclays Raises Coupa Software (NASDAQ:COUP) Price Target to $141.00

Coupa Software (NASDAQ:COUP) had its target price boosted by research analysts at Barclays from $139.00 to $141.00 in a note issued to investors on Tuesday, BenzingaRatingsTable reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Barclays‘s price target would indicate a potential downside of 5.33% from the stock’s current price.

Several other equities research analysts have also recently commented on COUP. Bank of America boosted their price target on shares of Coupa Software from $168.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. SunTrust Banks reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Coupa Software in a research note on Monday. Mizuho assumed coverage on shares of Coupa Software in a research note on Thursday, October 10th. They issued a “neutral” rating and a $140.00 price objective on the stock. Wedbush boosted their target price on shares of Coupa Software from $168.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, September 4th. Finally, Morgan Stanley increased their target price on shares of Coupa Software from $146.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Coupa Software currently has a consensus rating of “Buy” and a consensus target price of $155.67.

Coupa Software stock opened at $148.94 on Tuesday. Coupa Software has a 52 week low of $52.02 and a 52 week high of $159.97. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of -222.30 and a beta of 1.59. The company’s 50-day moving average price is $140.41 and its two-hundred day moving average price is $134.52. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 1.25.

Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, December 2nd. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.14. The company had revenue of $101.78 million for the quarter, compared to analysts’ expectations of $96.20 million. Coupa Software had a negative return on equity of 13.73% and a negative net margin of 20.91%. The firm’s revenue for the quarter was up 50.9% on a year-over-year basis. During the same period last year, the firm earned $0.08 EPS. Research analysts expect that Coupa Software will post -1.01 earnings per share for the current fiscal year.

In other Coupa Software news, CAO Anthony D. Tiscornia sold 260 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $146.42, for a total value of $38,069.20. Following the completion of the sale, the chief accounting officer now directly owns 260 shares of the company’s stock, valued at $38,069.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anthony D. Tiscornia sold 1,224 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $142.54, for a total transaction of $174,468.96. Following the completion of the sale, the chief accounting officer now directly owns 828 shares of the company’s stock, valued at $118,023.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 313,054 shares of company stock valued at $44,044,494. 5.30% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Viking Global Investors LP bought a new position in Coupa Software during the second quarter valued at about $126,336,000. Point72 Asset Management L.P. acquired a new stake in Coupa Software in the 3rd quarter worth approximately $106,580,000. Pelham Capital Ltd. acquired a new stake in Coupa Software in the 2nd quarter worth approximately $94,777,000. Invesco Ltd. boosted its position in Coupa Software by 361.4% during the second quarter. Invesco Ltd. now owns 899,663 shares of the technology company’s stock worth $113,906,000 after purchasing an additional 704,683 shares during the period. Finally, PointState Capital LP boosted its position in Coupa Software by 852.5% during the second quarter. PointState Capital LP now owns 728,652 shares of the technology company’s stock worth $92,255,000 after purchasing an additional 652,152 shares during the period.

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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