Morgan Stanley Increases Coupa Software (NASDAQ:COUP) Price Target to $168.00

Coupa Software (NASDAQ:COUP) had its price target upped by Morgan Stanley from $151.00 to $168.00 in a report issued on Monday, BenzingaRatingsTable reports. Morgan Stanley currently has an equal weight rating on the technology company’s stock.

A number of other analysts have also recently weighed in on COUP. SunTrust Banks restated a buy rating and issued a $170.00 price target on shares of Coupa Software in a research note on Monday, December 2nd. Needham & Company LLC reiterated a buy rating and set a $171.00 target price on shares of Coupa Software in a research report on Wednesday, December 18th. Zacks Investment Research cut Coupa Software from a buy rating to a hold rating in a research report on Friday, January 10th. TheStreet upgraded Coupa Software from a d+ rating to a c rating in a research report on Monday, October 7th. Finally, Mizuho started coverage on Coupa Software in a research report on Thursday, October 10th. They set a neutral rating and a $140.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $162.30.

Coupa Software stock opened at $169.87 on Monday. Coupa Software has a 1-year low of $66.43 and a 1-year high of $174.27. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.11 and a quick ratio of 2.11. The stock has a market cap of $10.92 billion, a PE ratio of -253.54 and a beta of 1.54. The stock’s fifty day moving average is $153.16 and its two-hundred day moving average is $142.60.

Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Monday, December 2nd. The technology company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.14. Coupa Software had a negative return on equity of 12.24% and a negative net margin of 23.60%. The company had revenue of $101.78 million for the quarter, compared to analysts’ expectations of $96.20 million. During the same period last year, the firm earned $0.08 earnings per share. Coupa Software’s quarterly revenue was up 50.9% on a year-over-year basis. On average, research analysts expect that Coupa Software will post -0.84 earnings per share for the current fiscal year.

In other Coupa Software news, CRO Steven M. Winter sold 11,336 shares of Coupa Software stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $172.95, for a total value of $1,960,561.20. Following the sale, the executive now owns 16,218 shares of the company’s stock, valued at approximately $2,804,903.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Veenendaal Frank Van sold 2,598 shares of Coupa Software stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $140.88, for a total value of $366,006.24. Following the completion of the sale, the director now directly owns 77,240 shares in the company, valued at approximately $10,881,571.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 215,804 shares of company stock worth $31,152,600. Corporate insiders own 5.30% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Carroll Financial Associates Inc. purchased a new stake in Coupa Software in the 4th quarter valued at approximately $38,000. Glen Harbor Capital Management LLC boosted its holdings in Coupa Software by 100.0% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 484 shares of the technology company’s stock valued at $61,000 after purchasing an additional 242 shares in the last quarter. Optimum Investment Advisors boosted its holdings in Coupa Software by 20.0% in the 3rd quarter. Optimum Investment Advisors now owns 600 shares of the technology company’s stock valued at $78,000 after purchasing an additional 100 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Coupa Software in the 2nd quarter valued at approximately $87,000. Finally, Meadow Creek Investment Management LLC boosted its holdings in Coupa Software by 100.0% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 748 shares of the technology company’s stock valued at $95,000 after purchasing an additional 374 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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