Coupa Software Inc (NASDAQ:COUP) hit a new 52-week high during trading on Monday . The stock traded as high as $296.62 and last traded at $294.22, with a volume of 15467 shares trading hands. The stock had previously closed at $290.79.
Several research analysts recently commented on COUP shares. ValuEngine cut Coupa Software from a “buy” rating to a “hold” rating in a research report on Friday, May 1st. Raymond James increased their price target on Coupa Software from $135.00 to $235.00 and gave the company an “outperform” rating in a research report on Tuesday, June 9th. Goldman Sachs Group increased their price target on Coupa Software from $245.00 to $322.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Mizuho increased their price target on Coupa Software from $130.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Finally, Canaccord Genuity increased their price target on Coupa Software from $140.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $204.46.
The firm has a market capitalization of $19.25 billion, a price-to-earnings ratio of -215.10 and a beta of 1.50. The company has a fifty day moving average of $243.13 and a two-hundred day moving average of $179.18. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.03 and a current ratio of 2.03.
Coupa Software (NASDAQ:COUP) last released its quarterly earnings results on Monday, June 8th. The technology company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.13. The business had revenue of $119.21 million during the quarter, compared to analysts’ expectations of $111.84 million. Coupa Software had a negative return on equity of 8.12% and a negative net margin of 19.92%. The firm’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same period last year, the firm posted $0.03 EPS. Equities analysts forecast that Coupa Software Inc will post -0.87 EPS for the current year.
In other Coupa Software news, insider Mark Riggs sold 929 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $161.62, for a total transaction of $150,144.98. Following the transaction, the insider now owns 644 shares in the company, valued at approximately $104,083.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CRO Steven M. Winter sold 841 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $260.60, for a total value of $219,164.60. Following the transaction, the executive now owns 6,458 shares in the company, valued at approximately $1,682,954.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 229,883 shares of company stock worth $47,361,791. Corporate insiders own 3.40% of the company’s stock.
A number of institutional investors have recently bought and sold shares of COUP. PNC Financial Services Group Inc. increased its stake in Coupa Software by 202.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 710 shares of the technology company’s stock worth $104,000 after acquiring an additional 475 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Coupa Software by 23.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 4,669 shares of the technology company’s stock valued at $683,000 after purchasing an additional 898 shares during the last quarter. Great West Life Assurance Co. Can bought a new position in shares of Coupa Software in the 4th quarter valued at $771,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of Coupa Software by 6.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 15,267 shares of the technology company’s stock valued at $2,233,000 after purchasing an additional 941 shares during the last quarter. Finally, Utah Retirement Systems increased its stake in shares of Coupa Software by 2.6% in the 4th quarter. Utah Retirement Systems now owns 11,900 shares of the technology company’s stock valued at $1,740,000 after purchasing an additional 300 shares during the last quarter.
Coupa Software Company Profile (NASDAQ:COUP)
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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