Coupa Software (NASDAQ:COUP) had its target price decreased by equities research analysts at UBS Group from $90.00 to $80.00 in a research note issued to investors on Tuesday, The Fly reports. The firm currently has an “outperform” rating on the technology company’s stock. UBS Group’s price target points to a potential upside of 31.16% from the company’s previous close.

Several other equities analysts have also weighed in on COUP. Zacks Investment Research lowered shares of Coupa Software from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Loop Capital upgraded shares of Coupa Software from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Friday, November 30th. Royal Bank of Canada increased their price objective on shares of Coupa Software to $83.00 and gave the company an “outperform” rating in a report on Wednesday, September 5th. Raymond James increased their price objective on shares of Coupa Software from $60.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, September 5th. Finally, Needham & Company LLC increased their price objective on shares of Coupa Software from $63.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, September 5th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $65.41.

Shares of NASDAQ COUP opened at $61.00 on Tuesday. Coupa Software has a fifty-two week low of $30.65 and a fifty-two week high of $84.53. The company has a market capitalization of $3.54 billion, a P/E ratio of -80.26 and a beta of 1.76.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings data on Monday, December 3rd. The technology company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.11. Coupa Software had a negative net margin of 19.93% and a negative return on equity of 14.93%. The business had revenue of $67.46 million for the quarter, compared to analyst estimates of $62.59 million. During the same period in the prior year, the business posted ($0.05) earnings per share. Coupa Software’s revenue was up 42.5% compared to the same quarter last year. Equities analysts predict that Coupa Software will post -0.98 EPS for the current fiscal year.

In other Coupa Software news, CEO Robert Bernshteyn sold 63,225 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $56.06, for a total value of $3,544,393.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Steven M. Winter sold 11,336 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $78.35, for a total transaction of $888,175.60. Following the completion of the sale, the executive now directly owns 12,795 shares of the company’s stock, valued at approximately $1,002,488.25. The disclosure for this sale can be found here. Insiders sold 284,248 shares of company stock valued at $19,036,803 in the last ninety days. Insiders own 6.50% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Coupa Software by 11.3% in the third quarter. Vanguard Group Inc. now owns 4,610,782 shares of the technology company’s stock valued at $364,712,000 after purchasing an additional 467,714 shares in the last quarter. Morgan Stanley increased its position in shares of Coupa Software by 3.8% during the third quarter. Morgan Stanley now owns 3,733,253 shares of the technology company’s stock worth $295,300,000 after acquiring an additional 137,624 shares in the last quarter. Standard Life Aberdeen plc bought a new stake in shares of Coupa Software during the third quarter worth $1,121,000. TIAA CREF Investment Management LLC increased its position in shares of Coupa Software by 4.7% during the third quarter. TIAA CREF Investment Management LLC now owns 241,230 shares of the technology company’s stock worth $19,081,000 after acquiring an additional 10,803 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Coupa Software by 6.0% during the third quarter. Teachers Advisors LLC now owns 333,224 shares of the technology company’s stock worth $26,358,000 after acquiring an additional 18,714 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

About Coupa Software

Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.

Further Reading: What is the LIBOR?

The Fly

Analyst Recommendations for Coupa Software (NASDAQ:COUP)

Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.