DA Davidson Cuts Coupa Software (NASDAQ:COUP) Price Target to $50.00

Coupa Software (NASDAQ:COUPGet Rating) had its price target lowered by DA Davidson from $70.00 to $50.00 in a research report released on Tuesday, The Fly reports.

Other research analysts also recently issued reports about the stock. Truist Financial decreased their price target on shares of Coupa Software from $85.00 to $75.00 and set a buy rating on the stock in a research report on Wednesday, September 7th. Wells Fargo & Company decreased their price target on shares of Coupa Software from $80.00 to $65.00 and set an equal weight rating on the stock in a research report on Wednesday, September 7th. Morgan Stanley decreased their price target on shares of Coupa Software from $94.00 to $75.00 and set an overweight rating on the stock in a research report on Tuesday. StockNews.com started coverage on shares of Coupa Software in a research report on Wednesday, October 12th. They set a sell rating on the stock. Finally, KeyCorp decreased their price objective on shares of Coupa Software from $75.00 to $70.00 and set an overweight rating on the stock in a research report on Tuesday, August 30th. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $86.90.

Coupa Software Stock Up 28.9 %

Shares of Coupa Software stock opened at $58.93 on Tuesday. The company has a market cap of $4.47 billion, a price-to-earnings ratio of -12.84 and a beta of 1.31. The company’s 50 day moving average is $54.68 and its 200 day moving average is $61.60. Coupa Software has a twelve month low of $40.29 and a twelve month high of $205.31. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 6.81.

Coupa Software (NASDAQ:COUPGet Rating) last issued its quarterly earnings data on Tuesday, September 6th. The technology company reported ($0.52) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.13. Coupa Software had a negative net margin of 43.73% and a negative return on equity of 24.29%. The company had revenue of $211.10 million for the quarter, compared to the consensus estimate of $203.99 million. During the same quarter in the prior year, the firm earned ($0.35) earnings per share. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. Research analysts anticipate that Coupa Software will post -2.26 EPS for the current year.

Insiders Place Their Bets

In other Coupa Software news, CAO Maurizio Baratta sold 598 shares of Coupa Software stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $66.20, for a total value of $39,587.60. Following the completion of the transaction, the chief accounting officer now directly owns 5,265 shares of the company’s stock, valued at approximately $348,543. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Anthony D. Tiscornia sold 3,835 shares of the firm’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $62.85, for a total value of $241,029.75. Following the completion of the sale, the chief financial officer now owns 4,039 shares in the company, valued at approximately $253,851.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Maurizio Baratta sold 598 shares of the firm’s stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $66.20, for a total transaction of $39,587.60. Following the completion of the sale, the chief accounting officer now owns 5,265 shares of the company’s stock, valued at approximately $348,543. The disclosure for this sale can be found here. Insiders sold 18,437 shares of company stock valued at $1,205,646 in the last three months. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Coupa Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Coupa Software by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 7,140,751 shares of the technology company’s stock valued at $419,877,000 after buying an additional 159,913 shares in the last quarter. HMI Capital Management L.P. lifted its holdings in Coupa Software by 8.0% during the 3rd quarter. HMI Capital Management L.P. now owns 3,137,800 shares of the technology company’s stock valued at $184,503,000 after buying an additional 232,300 shares in the last quarter. Brown Advisory Inc. lifted its holdings in Coupa Software by 6.1% during the 2nd quarter. Brown Advisory Inc. now owns 2,964,943 shares of the technology company’s stock valued at $169,298,000 after buying an additional 170,001 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Coupa Software by 87.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,119,300 shares of the technology company’s stock valued at $121,012,000 after buying an additional 991,100 shares in the last quarter. Finally, Cadian Capital Management LP lifted its holdings in Coupa Software by 251.9% during the 3rd quarter. Cadian Capital Management LP now owns 1,935,230 shares of the technology company’s stock valued at $113,792,000 after buying an additional 1,385,230 shares in the last quarter.

Coupa Software Company Profile

(Get Rating)

Coupa Software Incorporated provides cloud-based business spend management platform that connects its customers with suppliers worldwide. The company 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.

Further Reading

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