Coupa Software (NASDAQ:COUP) Price Target Lowered to $381.00 at Morgan Stanley

Coupa Software (NASDAQ:COUP) had its target price trimmed by Morgan Stanley from $395.00 to $381.00 in a research report report published on Tuesday morning, Analyst Price Targets reports. The brokerage currently has an overweight rating on the technology company’s stock.

Other analysts have also recently issued reports about the company. Zacks Investment Research raised Coupa Software from a sell rating to a hold rating and set a $369.00 price objective for the company in a research report on Monday, February 8th. Raymond James reduced their price target on Coupa Software from $365.00 to $300.00 and set an outperform rating for the company in a report on Tuesday. Citigroup reduced their price target on Coupa Software from $272.00 to $254.00 and set a neutral rating for the company in a report on Tuesday. Royal Bank of Canada reduced their price target on Coupa Software from $360.00 to $340.00 and set an outperform rating for the company in a report on Wednesday, March 17th. Finally, JPMorgan Chase & Co. raised their price target on Coupa Software from $121.00 to $125.00 and gave the company an underweight rating in a report on Wednesday, March 17th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Coupa Software has an average rating of Buy and a consensus target price of $305.21.

Coupa Software stock opened at $223.47 on Tuesday. Coupa Software has a twelve month low of $214.14 and a twelve month high of $377.04. The stock’s 50 day moving average is $247.62. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.86. The firm has a market cap of $16.40 billion, a PE ratio of -85.95 and a beta of 1.45.

Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data on Sunday, June 6th. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.01) by $1.08. Coupa Software had a negative return on equity of 22.19% and a negative net margin of 45.08%. As a group, equities analysts predict that Coupa Software will post -3.71 EPS for the current year.

In other news, CEO Robert Bernshteyn sold 50,000 shares of Coupa Software stock in a transaction on Monday, May 17th. The stock was sold at an average price of $224.25, for a total value of $11,212,500.00. Following the completion of the sale, the chief executive officer now owns 263,043 shares of the company’s stock, valued at $58,987,392.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark Riggs sold 929 shares of Coupa Software stock in a transaction on Tuesday, May 25th. The shares were sold at an average price of $240.29, for a total value of $223,229.41. Following the completion of the sale, the insider now directly owns 1,722 shares of the company’s stock, valued at approximately $413,779.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 176,520 shares of company stock valued at $43,984,671. Company insiders own 2.60% of the company’s stock.

Several large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its position in shares of Coupa Software by 1.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,122 shares of the technology company’s stock valued at $719,000 after purchasing an additional 40 shares during the period. Sterling Investment Advisors Ltd. boosted its holdings in Coupa Software by 43.0% in the first quarter. Sterling Investment Advisors Ltd. now owns 143 shares of the technology company’s stock valued at $36,000 after acquiring an additional 43 shares during the last quarter. Carroll Financial Associates Inc. boosted its holdings in Coupa Software by 67.7% in the first quarter. Carroll Financial Associates Inc. now owns 109 shares of the technology company’s stock valued at $27,000 after acquiring an additional 44 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Coupa Software by 0.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 9,644 shares of the technology company’s stock valued at $2,454,000 after acquiring an additional 44 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in Coupa Software by 2.1% in the fourth quarter. M&T Bank Corp now owns 2,285 shares of the technology company’s stock valued at $775,000 after acquiring an additional 47 shares during the last quarter.

Coupa Software Company Profile

Coupa Software Incorporated provides cloud-based business spend management platform. Its platform connects organizations with suppliers globally; and provides visibility into and control over how companies spend money, optimize supply chains, and manage liquidity, as well as enables businesses to achieve savings that drive profitability.

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Analyst Recommendations for Coupa Software (NASDAQ:COUP)

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