Coupa Software (COUP) Downgraded to Hold at Zacks Investment Research

Coupa Software (NASDAQ:COUP) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday.

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. “

Several other analysts also recently issued reports on COUP. Cantor Fitzgerald reiterated a “buy” rating and set a $92.00 price target on shares of Coupa Software in a research note on Sunday, January 13th. Barclays upped their price target on Coupa Software from $69.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 4th. Loop Capital upped their price target on Coupa Software to $85.00 and gave the stock a “buy” rating in a research note on Thursday, January 24th. UBS Group decreased their price target on Coupa Software from $90.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, December 4th. Finally, Goldman Sachs Group started coverage on Coupa Software in a research note on Friday. They set a “buy” rating and a $96.00 price target for the company. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Coupa Software has a consensus rating of “Buy” and a consensus price target of $70.73.

NASDAQ COUP traded down $1.06 on Tuesday, reaching $91.90. The stock had a trading volume of 1,269,000 shares, compared to its average volume of 1,522,000. Coupa Software has a 1 year low of $36.25 and a 1 year high of $94.73. The company has a market capitalization of $5.53 billion, a P/E ratio of -120.92 and a beta of 1.88.

Coupa Software (NASDAQ:COUP) last issued its earnings results on Monday, December 3rd. The technology company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.11. Coupa Software had a negative return on equity of 14.03% and a negative net margin of 19.93%. The firm had revenue of $67.46 million for the quarter, compared to the consensus estimate of $62.59 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The business’s quarterly revenue was up 42.5% compared to the same quarter last year. On average, equities research analysts forecast that Coupa Software will post -0.72 EPS for the current fiscal year.

In other Coupa Software news, Director Veenendaal Frank Van sold 1,299 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $85.00, for a total value of $110,415.00. Following the completion of the transaction, the director now owns 121,037 shares of the company’s stock, valued at approximately $10,288,145. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert Bernshteyn sold 63,225 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $56.06, for a total value of $3,544,393.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 302,937 shares of company stock valued at $19,227,633. Insiders own 6.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. D.A. Davidson & CO. bought a new stake in shares of Coupa Software in the 3rd quarter valued at approximately $220,000. Winslow Evans & Crocker Inc. bought a new stake in shares of Coupa Software in the 4th quarter valued at approximately $178,000. GSA Capital Partners LLP bought a new stake in shares of Coupa Software in the 3rd quarter valued at approximately $277,000. Caxton Associates LP bought a new stake in shares of Coupa Software in the 3rd quarter valued at approximately $291,000. Finally, First Republic Investment Management Inc. bought a new stake in shares of Coupa Software in the 3rd quarter valued at approximately $345,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Coupa Software Company Profile

Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.

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