KeyCorp Raises Coupa Software (NASDAQ:COUP) Price Target to $160.00

Coupa Software (NASDAQ:COUP) had its target price boosted by KeyCorp from $130.00 to $160.00 in a research note published on Wednesday morning, The Fly reports. They currently have an overweight rating on the technology company’s stock.

COUP has been the topic of a number of other research reports. Raymond James restated an outperform rating and issued a C$5.50 price objective on shares of OceanaGold in a research report on Tuesday, June 4th. Morgan Stanley set a $17.00 price objective on shares of BOX and gave the company a hold rating in a research report on Tuesday, June 4th. JPMorgan Chase & Co. assumed coverage on shares of INTL CONS AIRL/S in a research report on Tuesday, June 4th. They issued an overweight rating on the stock. Oppenheimer boosted their price objective on shares of Carlisle Companies from $150.00 to $155.00 and gave the company an outperform rating in a research report on Tuesday, June 18th. Finally, SunTrust Banks boosted their price objective on shares of Mirati Therapeutics to $120.00 and gave the company a buy rating in a research report on Tuesday, June 4th. Six equities 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 a consensus target price of $115.94.

COUP stock opened at $143.91 on Wednesday. The company has a 50-day moving average price of $126.94. Coupa Software has a 12-month low of $52.01 and a 12-month high of $148.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.07.

Coupa Software (NASDAQ:COUP) last released its quarterly earnings data on Monday, June 3rd. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.29. Coupa Software had a negative net margin of 21.22% and a negative return on equity of 14.29%. The firm had revenue of $81.30 million for the quarter, compared to analysts’ expectations of $73.85 million. During the same quarter in the previous year, the company earned ($0.01) earnings per share. The company’s revenue for the quarter was up 44.1% compared to the same quarter last year. As a group, equities analysts predict that Coupa Software will post -1.19 EPS for the current year.

In related news, insider Mark Riggs sold 929 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $95.44, for a total transaction of $88,663.76. Following the sale, the insider now owns 4,487 shares of the company’s stock, valued at $428,239.28. 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 261 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $101.32, for a total transaction of $26,444.52. The disclosure for this sale can be found here. Insiders have sold 409,306 shares of company stock worth $49,955,842 in the last quarter. 5.30% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Prudential Financial Inc. increased its holdings in Coupa Software by 27.6% during the 4th quarter. Prudential Financial Inc. now owns 6,002 shares of the technology company’s stock valued at $377,000 after purchasing an additional 1,300 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Coupa Software by 2.7% during the 4th quarter. Bank of New York Mellon Corp now owns 239,641 shares of the technology company’s stock valued at $15,064,000 after purchasing an additional 6,203 shares in the last quarter. Raymond James & Associates increased its holdings in Coupa Software by 349.5% during the 4th quarter. Raymond James & Associates now owns 49,402 shares of the technology company’s stock valued at $3,105,000 after purchasing an additional 38,412 shares in the last quarter. Advisor Group Inc. increased its holdings in Coupa Software by 114.5% during the 4th quarter. Advisor Group Inc. now owns 1,521 shares of the technology company’s stock valued at $96,000 after purchasing an additional 812 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Coupa Software by 2.8% during the 4th quarter. Northern Trust Corp now owns 688,164 shares of the technology company’s stock valued at $43,257,000 after purchasing an additional 18,518 shares in the last quarter. 99.14% of the stock is currently owned by institutional investors and hedge funds.

Coupa Software Company Profile

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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