Coupa Software (COUP) Stock Rating Lowered by Zacks Investment Research
Coupa Software (NASDAQ:COUP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
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 equities analysts have also recently issued reports on COUP. Cantor Fitzgerald reiterated a “buy” rating and issued a $36.00 target price on shares of Coupa Software in a research note on Tuesday, December 5th. Northland Securities reiterated a “buy” rating and issued a $38.00 target price on shares of Coupa Software in a research note on Thursday, August 10th. ValuEngine upgraded shares of Coupa Software from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Barclays reiterated a “hold” rating and issued a $38.00 target price (up from $34.00) on shares of Coupa Software in a research note on Monday, November 27th. Finally, Royal Bank Of Canada boosted their target price on shares of Coupa Software from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Coupa Software currently has an average rating of “Hold” and a consensus target price of $35.69.
Coupa Software (NASDAQ:COUP) last posted its earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.06. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.71%. The firm had revenue of $47.30 million during the quarter, compared to analysts’ expectations of $45.02 million. During the same period in the previous year, the business posted ($0.22) EPS. The business’s revenue was up 33.6% compared to the same quarter last year. equities research analysts expect that Coupa Software will post -0.94 earnings per share for the current fiscal year.
In other Coupa Software news, insider Anthony D. Tiscornia sold 2,344 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $31.37, for a total transaction of $73,531.28. Following the completion of the transaction, the insider now directly owns 1,563 shares in the company, valued at $49,031.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ravi Thakur sold 11,240 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $31.35, for a total transaction of $352,374.00. Following the transaction, the insider now owns 35,916 shares of the company’s stock, valued at $1,125,966.60. The disclosure for this sale can be found here. Insiders have sold 511,519 shares of company stock valued at $16,870,068 over the last 90 days. 32.10% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its holdings in shares of Coupa Software by 2,294.8% during the second quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock worth $106,000 after buying an additional 3,511 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Coupa Software during the second quarter worth $142,000. Trexquant Investment LP purchased a new stake in shares of Coupa Software during the third quarter worth $274,000. Symmetry Peak Management LLC purchased a new stake in shares of Coupa Software during the second quarter worth $290,000. Finally, Legal & General Group Plc grew its holdings in shares of Coupa Software by 436.1% during the second quarter. Legal & General Group Plc now owns 10,792 shares of the technology company’s stock worth $312,000 after buying an additional 8,779 shares in the last quarter. 76.68% of the stock is owned by institutional investors and hedge funds.
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About Coupa Software
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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