FBN Securities initiated coverage on shares of Coupa Software (NASDAQ:COUP) in a research report released on Tuesday, BenzingaRatingsTable reports. The firm issued an outperform rating and a $165.00 price target on the technology company’s stock.

Other equities analysts have also issued reports about the stock. Morgan Stanley raised their price objective on shares of Coupa Software from $122.00 to $146.00 and gave the company an equal weight rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. set a $90.00 price objective on shares of Coupa Software and gave the company a hold rating in a research report on Friday, August 30th. Needham & Company LLC raised their target price on shares of Coupa Software from $140.00 to $160.00 and gave the company a buy rating in a research note on Wednesday, September 4th. Wedbush raised their target price on shares of Coupa Software from $168.00 to $180.00 and gave the company an outperform rating in a research note on Wednesday, September 4th. Finally, Barclays raised their target price on shares of Coupa Software from $101.00 to $139.00 and gave the company an equal weight rating in a research note on Wednesday, September 4th. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $153.65.

COUP stock opened at $140.52 on Tuesday. The firm has a 50 day moving average of $138.47 and a 200-day moving average of $118.05. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 1.25. Coupa Software has a 12 month low of $52.01 and a 12 month high of $156.16. The firm has a market capitalization of $8.83 billion, a P/E ratio of -209.73 and a beta of 1.60.

Coupa Software (NASDAQ:COUP) last released its quarterly earnings data on Tuesday, September 3rd. The technology company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.19. Coupa Software had a negative net margin of 20.91% and a negative return on equity of 13.73%. The company had revenue of $95.00 million during the quarter, compared to analyst estimates of $85.38 million. During the same period last year, the business earned $0.05 earnings per share. Coupa Software’s revenue was up 54.0% compared to the same quarter last year. Sell-side analysts predict that Coupa Software will post -1.03 EPS for the current year.

In other Coupa Software news, insider Mark Riggs sold 929 shares of Coupa Software stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $127.11, for a total transaction of $118,085.19. Following the transaction, the insider now directly owns 902 shares of the company’s stock, valued at $114,653.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anthony D. Tiscornia sold 1,325 shares of Coupa Software stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $137.67, for a total transaction of $182,412.75. Following the transaction, the insider now directly owns 1,325 shares in the company, valued at $182,412.75. The disclosure for this sale can be found here. Insiders sold 288,414 shares of company stock worth $40,114,981 over the last ninety days. 5.30% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of COUP. Advantage Investment Management LLC purchased a new position in shares of Coupa Software during the second quarter worth approximately $25,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Coupa Software during the second quarter worth approximately $40,000. Destination Wealth Management purchased a new position in shares of Coupa Software during the second quarter worth approximately $44,000. Neuburgh Advisers LLC raised its stake in shares of Coupa Software by 100.0% during the second quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock worth $45,000 after acquiring an additional 176 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Coupa Software by 39.7% during the second quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock worth $51,000 after acquiring an additional 115 shares in the last quarter.

About Coupa Software

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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Analyst Recommendations for Coupa Software (NASDAQ:COUP)

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