Coupa Software (NASDAQ:COUP) had its price objective upped by Barclays from $47.00 to $51.00 in a research note issued to investors on Tuesday morning. The brokerage currently has an overweight rating on the technology company’s stock.

Several other analysts have also commented on the stock. Royal Bank of Canada reissued a buy rating and set a $41.00 target price on shares of Coupa Software in a research note on Wednesday, November 15th. Zacks Investment Research upgraded shares of Coupa Software from a hold rating to a buy rating and set a $45.00 price target on the stock in a report on Thursday, February 8th. CIBC initiated coverage on shares of Coupa Software in a report on Friday, December 22nd. They set an outperform rating and a $41.00 price target on the stock. Raymond James Financial restated a buy rating and set a $40.00 price target on shares of Coupa Software in a report on Tuesday, December 12th. Finally, Oppenheimer initiated coverage on shares of Coupa Software in a report on Thursday, December 21st. They set a buy rating and a $41.00 price target on the stock. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Coupa Software has an average rating of Buy and a consensus price target of $46.00.

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Shares of Coupa Software (NASDAQ:COUP) opened at $47.53 on Tuesday. Coupa Software has a one year low of $22.50 and a one year high of $50.69. The company has a market cap of $2,707.19, a P/E ratio of -57.27 and a beta of 1.29.

Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, March 12th. The technology company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.17. Coupa Software had a negative net margin of 23.45% and a negative return on equity of 20.33%. The business had revenue of $53.80 million during the quarter, compared to analyst estimates of $48.64 million. During the same period in the prior year, the business earned ($0.05) earnings per share. The business’s quarterly revenue was up 41.5% on a year-over-year basis. research analysts anticipate that Coupa Software will post -0.91 EPS for the current fiscal year.

In other Coupa Software news, CFO Todd R. Ford sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $33.15, for a total value of $397,800.00. Following the transaction, the chief financial officer now owns 17,349 shares in the company, valued at approximately $575,119.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Todd R. Ford sold 1,446 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $32.32, for a total transaction of $46,734.72. Following the completion of the transaction, the chief financial officer now owns 8,082 shares in the company, valued at approximately $261,210.24. The disclosure for this sale can be found here. Insiders have sold 287,753 shares of company stock worth $10,593,997 in the last 90 days. 32.10% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Highland Capital Management LP acquired a new position in Coupa Software in the 4th quarter valued at approximately $3,122,000. Hershey Trust Co. increased its stake in Coupa Software by 1,252.0% in the 4th quarter. Hershey Trust Co. now owns 25,025 shares of the technology company’s stock valued at $781,000 after buying an additional 23,174 shares during the period. AlpInvest Partners B.V. acquired a new position in Coupa Software in the 3rd quarter valued at approximately $10,236,000. Crestline Management LP acquired a new position in Coupa Software in the 3rd quarter valued at approximately $909,000. Finally, First Trust Advisors LP acquired a new position in Coupa Software in the 3rd quarter valued at approximately $1,280,000. Hedge funds and other institutional investors own 88.39% of the company’s stock.

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About Coupa Software

Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.

Analyst Recommendations for Coupa Software (NASDAQ:COUP)

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