Zacks Investment Research Upgrades Coupa Software (NASDAQ:COUP) to Hold

Zacks Investment Research upgraded shares of Coupa Software (NASDAQ:COUP) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

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. JPMorgan Chase & Co. assumed coverage on INTL CONS AIRL/S in a research note on Tuesday, June 4th. They set an overweight rating for the company. SunTrust Banks upped their price target on Mirati Therapeutics to $120.00 and gave the stock a buy rating in a research note on Tuesday, June 4th. Northland Securities reiterated a buy rating and set a $10.00 price target on shares of Aytu Bioscience in a research note on Tuesday, June 4th. JMP Securities reiterated a hold rating on shares of Mongodb in a research note on Wednesday, March 13th. Finally, Bank of America initiated coverage on Guangshen Railway Co. Ltd ADR Class H in a research report on Wednesday, June 26th. They set an underperform rating for the company. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $114.44.



Shares of NASDAQ COUP opened at $139.26 on Wednesday. The company has a 50-day moving average price of $122.73. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.07. Coupa Software has a one year low of $52.01 and a one year high of $140.69.

Coupa Software (NASDAQ:COUP) last issued its earnings results on Monday, June 3rd. The technology company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.29. The firm had revenue of $81.30 million for the quarter, compared to the consensus estimate of $73.85 million. Coupa Software had a negative return on equity of 14.29% and a negative net margin of 21.22%. The business’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) earnings per share. On average, equities research analysts anticipate that Coupa Software will post -1.19 EPS for the current fiscal year.

In other Coupa Software news, insider Mark Riggs sold 929 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $95.44, for a total value of $88,663.76. Following the completion of the transaction, the insider now owns 4,487 shares of the company’s stock, valued at approximately $428,239.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Anthony D. Tiscornia sold 260 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $118.81, for a total value of $30,890.60. Following the completion of the transaction, the chief accounting officer now directly owns 260 shares of the company’s stock, valued at approximately $30,890.60. The disclosure for this sale can be found here. Insiders have sold a total of 396,645 shares of company stock valued at $44,163,313 in the last three months. 5.30% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Northern Trust Corp grew its stake in shares of Coupa Software by 2.8% in the 4th quarter. Northern Trust Corp now owns 688,164 shares of the technology company’s stock valued at $43,257,000 after purchasing an additional 18,518 shares during the period. Swiss National Bank grew its stake in shares of Coupa Software by 5.0% in the 1st quarter. Swiss National Bank now owns 84,600 shares of the technology company’s stock valued at $7,697,000 after purchasing an additional 4,000 shares during the period. Norges Bank bought a new stake in shares of Coupa Software in the 4th quarter valued at approximately $19,200,000. Summit Partners Public Asset Management LLC grew its stake in shares of Coupa Software by 122.2% in the 4th quarter. Summit Partners Public Asset Management LLC now owns 200,000 shares of the technology company’s stock valued at $12,572,000 after purchasing an additional 110,000 shares during the period. Finally, BlackRock Inc. grew its stake in shares of Coupa Software by 20.9% in the 4th quarter. BlackRock Inc. now owns 4,206,903 shares of the technology company’s stock valued at $264,447,000 after purchasing an additional 726,412 shares during the period. 99.14% of the stock is owned by hedge funds and other institutional investors.

About Coupa Software

Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.

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