Coupa Software (NASDAQ:COUP) had its target price increased by Oppenheimer from $85.00 to $100.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The firm currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price target suggests a potential upside of 5.44% from the stock’s previous close.

A number of other brokerages have also commented on COUP. Raymond James boosted their price objective on shares of Coupa Software from $86.00 to $107.00 in a research report on Tuesday. SunTrust Banks boosted their price objective on shares of Coupa Software to $110.00 and gave the stock a “buy” rating in a research report on Tuesday. Goldman Sachs Group initiated coverage on shares of Coupa Software in a research report on Friday, February 1st. They issued a “buy” rating and a $96.00 price objective on the stock. Loop Capital boosted their price objective on shares of Coupa Software to $85.00 and gave the stock a “buy” rating in a research report on Thursday, January 24th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $92.00 price objective on shares of Coupa Software in a research report on Sunday, January 13th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $93.00.

Coupa Software stock opened at $94.84 on Wednesday. The company has a market capitalization of $5.35 billion, a PE ratio of -141.55 and a beta of 1.87. Coupa Software has a twelve month low of $43.89 and a twelve month high of $99.64.

Coupa Software (NASDAQ:COUP) last released its quarterly earnings results on Monday, March 11th. The technology company reported ($0.18) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.08. The company had revenue of $74.91 million during the quarter, compared to analysts’ expectations of $68.07 million. Coupa Software had a negative net margin of 21.33% and a negative return on equity of 14.84%. Sell-side analysts expect that Coupa Software will post -0.64 EPS for the current fiscal year.

In other Coupa Software news, insider Mark Riggs sold 644 shares of the company’s stock in a transaction on Monday, January 7th. The shares were sold at an average price of $65.00, for a total transaction of $41,860.00. Following the sale, the insider now directly owns 3,655 shares of the company’s stock, valued at $237,575. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anthony D. Tiscornia sold 781 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $95.65, for a total transaction of $74,702.65. Following the sale, the insider now directly owns 521 shares in the company, valued at $49,833.65. The disclosure for this sale can be found here. In the last three months, insiders sold 296,631 shares of company stock worth $22,811,237. 6.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Teachers Advisors LLC raised its position in 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. Barton Investment Management bought a new stake in Coupa Software during the fourth quarter worth $996,000. TIAA CREF Investment Management LLC raised its position in 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. AXA raised its position in Coupa Software by 132.1% during the third quarter. AXA now owns 78,017 shares of the technology company’s stock worth $6,171,000 after acquiring an additional 44,400 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Coupa Software by 11.3% during the third quarter. Vanguard Group Inc. now owns 4,610,782 shares of the technology company’s stock worth $364,712,000 after acquiring an additional 467,714 shares in the last quarter. 98.20% of the stock is currently 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.

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Analyst Recommendations for Coupa Software (NASDAQ:COUP)

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