Zacks Investment Research cut shares of Coupa Software (NASDAQ:COUP) from a buy rating to a hold rating in a report released on Monday, March 12th.
According to Zacks, “Coupa Software Inc. provides cloud-based spend management platform which connects organizations with suppliers. Coupa Software Inc. is based in SAN MATEO, United States. “
A number of other research analysts have also recently commented on COUP. Barclays raised their target price on Coupa Software from $38.00 to $47.00 and gave the company an overweight rating in a research note on Monday, March 5th. Northland Securities set a $41.00 target price on Coupa Software and gave the company a buy rating in a research note on Wednesday, January 17th. Needham & Company LLC assumed coverage on Coupa Software in a research note on Wednesday, January 10th. They issued a buy rating and a $39.00 target price for the company. Oppenheimer assumed coverage on Coupa Software in a research note on Friday, December 29th. They issued an outperform rating and a $41.00 target price for the company. Finally, Morgan Stanley raised their target price on Coupa Software from $35.00 to $42.00 and gave the company an equal weight rating in a research note on Monday, January 29th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $46.13.
Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, March 12th. The technology company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.17. The company had revenue of $53.80 million during the quarter, compared to analysts’ expectations of $48.64 million. Coupa Software had a negative return on equity of 20.33% and a negative net margin of 23.45%. The firm’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) EPS. equities research analysts anticipate that Coupa Software will post -1.16 earnings per share for the current year.
In other Coupa Software news, CEO Robert Bernshteyn sold 63,225 shares of Coupa Software stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $35.27, for a total transaction of $2,229,945.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Todd R. Ford sold 112,500 shares of Coupa Software stock in a transaction on Monday, March 19th. The shares were sold at an average price of $46.21, for a total value of $5,198,625.00. The disclosure for this sale can be found here. Insiders have sold 408,759 shares of company stock valued at $17,270,190 in the last quarter. 32.10% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the business. Sylebra HK Co Ltd raised its stake in shares of Coupa Software by 82.9% in the fourth quarter. Sylebra HK Co Ltd now owns 3,962,308 shares of the technology company’s stock worth $123,703,000 after purchasing an additional 1,795,516 shares during the last quarter. Soma Equity Partners LP raised its stake in shares of Coupa Software by 60.0% in the third quarter. Soma Equity Partners LP now owns 1,120,000 shares of the technology company’s stock worth $34,888,000 after purchasing an additional 420,000 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Coupa Software by 52.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,194,430 shares of the technology company’s stock worth $37,290,000 after purchasing an additional 410,240 shares during the last quarter. State Street Corp raised its stake in shares of Coupa Software by 299.8% in the second quarter. State Street Corp now owns 520,042 shares of the technology company’s stock worth $15,070,000 after purchasing an additional 389,965 shares during the last quarter. Finally, AlpInvest Partners B.V. purchased a new position in shares of Coupa Software in the third quarter worth $10,236,000. Institutional investors and hedge funds own 88.39% of the company’s stock.
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Coupa Software Company Profile
Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.
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