Northland Securities Raises Coupa Software (NASDAQ:COUP) Price Target to $150.00

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Coupa Software (NASDAQ:COUP) had its price objective upped by Northland Securities from $85.00 to $150.00 in a research note issued to investors on Thursday morning, The Fly reports. Northland Securities currently has an average rating on the technology company’s stock.

COUP has been the subject of a number of other research reports. Bank of America started coverage on Guangshen Railway Co. Ltd ADR Class H in a research note on Wednesday, June 26th. They issued an underperform rating for the company. SunTrust Banks increased their target price on Mirati Therapeutics to $120.00 and gave the company a buy rating in a research note on Tuesday, June 4th. KeyCorp reiterated an overweight rating and issued a $136.00 target price (up previously from $127.00) on shares of Coupa Software in a research note on Wednesday, June 26th. Raymond James reiterated an outperform rating and issued a C$5.50 target price on shares of OceanaGold in a research note on Tuesday, June 4th. Finally, JMP Securities reiterated a hold rating on shares of Mongodb in a research note on Wednesday, March 13th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $114.44.

COUP stock opened at $139.26 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.07. Coupa Software has a 1 year low of $52.01 and a 1 year high of $140.69. The company has a 50-day moving average of $122.73.

Coupa Software (NASDAQ:COUP) last posted its earnings results 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 return on equity of 14.29% and a negative net margin of 21.22%. The business had revenue of $81.30 million during the quarter, compared to analyst estimates of $73.85 million. During the same quarter last year, the firm earned ($0.01) earnings per share. The company’s revenue for the quarter was up 44.1% compared to the same quarter last year. Equities analysts predict that Coupa Software will post -1.19 earnings per share for the current year.

In other Coupa Software news, CAO Anthony D. Tiscornia sold 260 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $118.81, for a total transaction of $30,890.60. Following the completion of the sale, the chief accounting officer now owns 260 shares in the company, valued at approximately $30,890.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mark Riggs sold 929 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $95.44, for a total value of $88,663.76. Following the sale, the insider now owns 4,487 shares of the company’s stock, valued at approximately $428,239.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 396,645 shares of company stock valued at $44,163,313. 5.30% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Captrust Financial Advisors grew its stake in Coupa Software by 58.1% during the 4th quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock valued at $28,000 after purchasing an additional 161 shares in the last quarter. PRW Wealth Management LLC bought a new position in Coupa Software during the 4th quarter worth approximately $34,000. Nisa Investment Advisors LLC lifted its holdings in Coupa Software by 39.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock worth $51,000 after buying an additional 115 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Coupa Software during the 1st quarter worth approximately $70,000. Finally, Advisor Group Inc. lifted 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 worth $96,000 after buying an additional 812 shares during the last quarter. Hedge funds and other institutional investors own 99.14% of the company’s stock.

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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