Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell Lowers Coupa Software (NASDAQ:COUP) Price Target to $254.00

Coupa Software (NASDAQ:COUP) had its target price reduced by Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from $272.00 to $254.00 in a research note issued to investors on Tuesday morning, PriceTargets.com reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell currently has a neutral rating on the technology company’s stock.

COUP has been the subject of a number of other reports. Zacks Investment Research upgraded Coupa Software from a sell rating to a hold rating and set a $369.00 price target for the company in a research report on Monday, February 8th. KeyCorp cut their price target on Coupa Software from $400.00 to $350.00 and set an overweight rating on the stock in a research note on Tuesday. The Goldman Sachs Group upgraded Coupa Software from a buy rating to a conviction-buy rating in a research note on Monday, March 8th. Truist cut their target price on Coupa Software from $386.00 to $326.00 and set a buy rating on the stock in a research note on Tuesday. They noted that the move was a valuation call. Finally, Canaccord Genuity cut their target price on Coupa Software from $375.00 to $325.00 and set a buy rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $305.21.

COUP stock opened at $223.47 on Tuesday. Coupa Software has a 12 month low of $214.14 and a 12 month high of $377.04. The company has a market capitalization of $16.40 billion, a price-to-earnings ratio of -85.95 and a beta of 1.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.80 and a quick ratio of 0.80. The company has a 50 day moving average price of $247.62.

Coupa Software (NASDAQ:COUP) last issued its earnings results on Sunday, June 6th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of ($1.01) by $1.08. Coupa Software had a negative net margin of 45.08% and a negative return on equity of 22.19%. Analysts anticipate that Coupa Software will post -3.71 EPS for the current fiscal year.

In other Coupa Software news, Director Veenendaal Frank Van sold 2,800 shares of the business’s stock in a transaction on Monday, March 15th. The stock was sold at an average price of $277.98, for a total transaction of $778,344.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Anthony D. Tiscornia sold 1,450 shares of the business’s stock in a transaction on Monday, March 22nd. The stock was sold at an average price of $256.41, for a total value of $371,794.50. Following the transaction, the chief accounting officer now directly owns 1,039 shares in the company, valued at approximately $266,409.99. The disclosure for this sale can be found here. Insiders have sold 176,520 shares of company stock valued at $43,984,671 over the last quarter. 2.60% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Regent Peak Wealth Advisors LLC acquired a new position in Coupa Software during the fourth quarter worth $26,000. Childress Capital Advisors LLC acquired a new position in shares of Coupa Software in the 4th quarter valued at $33,000. Adirondack Trust Co. acquired a new position in shares of Coupa Software in the 4th quarter valued at $31,000. Capital Asset Advisory Services LLC acquired a new position in shares of Coupa Software in the 4th quarter valued at $34,000. Finally, Lloyd Advisory Services LLC. lifted its stake in shares of Coupa Software by 650.0% in the 1st quarter. Lloyd Advisory Services LLC. now owns 105 shares of the technology company’s stock valued at $27,000 after purchasing an additional 91 shares during the last quarter.

About Coupa Software

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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