Coupa Software (NASDAQ:COUP) PT Lowered to $53.00 at Barclays

Coupa Software (NASDAQ:COUPGet Rating) had its target price dropped by equities researchers at Barclays from $59.00 to $53.00 in a research note issued to investors on Friday, The Fly reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Barclays‘s target price would suggest a potential upside of 15.54% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada cut Coupa Software from a “sector perform” rating to an “underperform” rating and reduced their price target for the company from $65.00 to $55.00 in a research report on Monday, August 22nd. Credit Suisse Group began coverage on Coupa Software in a research note on Friday, September 23rd. They set an “underperform” rating and a $60.00 price target for the company. Piper Sandler lowered Coupa Software from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $67.00 to $55.00 in a research note on Wednesday, October 19th. UBS Group lowered Coupa Software to an “underweight” rating in a research note on Thursday, October 20th. Finally, StockNews.com began coverage on Coupa Software in a research note on Wednesday, October 12th. They set a “sell” rating for the company. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $88.85.

Coupa Software Stock Performance

NASDAQ:COUP opened at $45.87 on Friday. The company has a debt-to-equity ratio of 6.81, a current ratio of 1.82 and a quick ratio of 1.82. The business has a fifty day simple moving average of $56.18 and a two-hundred day simple moving average of $62.33. Coupa Software has a 1 year low of $40.29 and a 1 year high of $225.18. The company has a market capitalization of $3.48 billion, a P/E ratio of -9.99 and a beta of 1.31.

Coupa Software (NASDAQ:COUPGet Rating) last released its earnings results on Tuesday, September 6th. The technology company reported ($0.52) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.65) by $0.13. The business had revenue of $211.10 million during the quarter, compared to the consensus estimate of $203.99 million. Coupa Software had a negative return on equity of 24.29% and a negative net margin of 43.73%. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period last year, the business posted ($0.35) earnings per share. On average, analysts expect that Coupa Software will post -2.26 earnings per share for the current year.

Insider Buying and Selling at Coupa Software

In other Coupa Software news, CFO Anthony D. Tiscornia sold 3,835 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $62.85, for a total transaction of $241,029.75. Following the completion of the transaction, the chief financial officer now owns 4,039 shares of the company’s stock, valued at approximately $253,851.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Coupa Software news, CEO Robert Bernshteyn sold 8,074 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $66.20, for a total transaction of $534,498.80. Following the completion of the transaction, the chief executive officer now owns 252,274 shares of the company’s stock, valued at approximately $16,700,538.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Anthony D. Tiscornia sold 3,835 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $62.85, for a total value of $241,029.75. Following the transaction, the chief financial officer now directly owns 4,039 shares of the company’s stock, valued at approximately $253,851.15. 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 90 days. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors grew its holdings in shares of Coupa Software by 951.1% during the 3rd quarter. Captrust Financial Advisors now owns 10,206 shares of the technology company’s stock worth $600,000 after acquiring an additional 9,235 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Coupa Software by 136.8% during the 3rd quarter. Alliancebernstein L.P. now owns 171,690 shares of the technology company’s stock worth $10,095,000 after acquiring an additional 99,195 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Coupa Software by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 37,759 shares of the technology company’s stock worth $2,220,000 after acquiring an additional 297 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in shares of Coupa Software by 29.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 15,498 shares of the technology company’s stock worth $911,000 after acquiring an additional 3,529 shares during the period. Finally, Twinbeech Capital LP purchased a new position in shares of Coupa Software during the 3rd quarter worth approximately $1,071,000.

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.

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