Coupa Software (NASDAQ:COUP) had its target price raised by JPMorgan Chase & Co. from $32.00 to $38.00 in a research report released on Tuesday. The brokerage currently has a neutral rating on the technology company’s stock.

Several other analysts have also weighed in on the company. Royal Bank of Canada reissued a buy rating and issued a $41.00 target price on shares of Coupa Software in a report on Wednesday, November 15th. Barclays reissued a hold rating and issued a $38.00 target price (up previously from $34.00) on shares of Coupa Software in a report on Monday, November 27th. Zacks Investment Research raised Coupa Software from a hold rating to a buy rating and set a $45.00 target price on the stock in a report on Thursday, February 8th. CIBC initiated coverage on Coupa Software in a report on Friday, December 22nd. They issued an outperform rating and a $41.00 target price on the stock. Finally, Raymond James Financial reissued a buy rating and issued a $40.00 target price on shares of Coupa Software in a report on Tuesday, December 12th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Coupa Software currently has a consensus rating of Buy and an average target price of $46.00.

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Coupa Software (COUP) opened at $47.53 on Tuesday. Coupa Software has a twelve month low of $22.50 and a twelve month high of $50.69. The firm has a market capitalization of $2,707.19, a price-to-earnings ratio of -57.27 and a beta of 1.29.

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

In other news, insider Anthony D. Tiscornia sold 1,293 shares of the company’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $33.91, for a total value of $43,845.63. Following the sale, the insider now directly owns 1,033 shares in the company, valued at $35,029.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anthony D. Tiscornia sold 782 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $39.33, for a total value of $30,756.06. Following the completion of the sale, the insider now owns 261 shares in the company, valued at $10,265.13. The disclosure for this sale can be found here. Insiders sold 287,753 shares of company stock worth $10,593,997 over the last 90 days. Company insiders own 32.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COUP. Sylebra HK Co Ltd lifted its position in Coupa Software by 82.9% during the fourth quarter. Sylebra HK Co Ltd now owns 3,962,308 shares of the technology company’s stock worth $123,703,000 after buying an additional 1,795,516 shares during the period. Soma Equity Partners LP lifted its position in Coupa Software by 60.0% during the third quarter. Soma Equity Partners LP now owns 1,120,000 shares of the technology company’s stock worth $34,888,000 after buying an additional 420,000 shares during the period. Victory Capital Management Inc. lifted its position in Coupa Software by 52.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,194,430 shares of the technology company’s stock worth $37,290,000 after buying an additional 410,240 shares during the period. State Street Corp lifted its position in Coupa Software by 299.8% during the second quarter. State Street Corp now owns 520,042 shares of the technology company’s stock worth $15,070,000 after buying an additional 389,965 shares during the period. Finally, AlpInvest Partners B.V. purchased a new position in Coupa Software during the third quarter worth about $10,236,000. Hedge funds and other institutional investors own 88.39% of the company’s stock.

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Coupa Software Company Profile

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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