Coupa Software (NASDAQ:COUP) Downgraded to “Hold” at ValuEngine

ValuEngine lowered shares of Coupa Software (NASDAQ:COUP) from a buy rating to a hold rating in a report published on Wednesday morning, ValuEngine reports.

Several other analysts have also weighed in on the stock. Deutsche Bank began coverage on shares of Coupa Software in a report on Wednesday, July 24th. They set a hold rating and a $150.00 price objective for the company. Evercore ISI began coverage on shares of Coupa Software in a report on Thursday, September 26th. They set an outperform rating and a $180.00 price objective for the company. Royal Bank of Canada raised their price objective on shares of Coupa Software from $135.00 to $165.00 and gave the stock an outperform rating in a report on Wednesday, September 4th. Morgan Stanley set a $146.00 price objective on shares of Coupa Software and gave the stock a hold rating in a report on Thursday, September 26th. Finally, KeyCorp raised their price objective on shares of Coupa Software from $171.00 to $178.00 and gave the stock an overweight rating in a report on Wednesday, September 4th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Coupa Software presently has an average rating of Buy and an average target price of $154.90.

COUP traded up $5.19 during midday trading on Wednesday, reaching $148.32. 1,641,984 shares of the company’s stock were exchanged, compared to its average volume of 2,365,110. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of -221.37 and a beta of 1.58. The business has a 50-day simple moving average of $138.56 and a two-hundred day simple moving average of $121.12. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 1.25. Coupa Software has a one year low of $52.01 and a one year high of $156.16.

Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data on Tuesday, September 3rd. The technology company reported ($0.25) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.19. The company had revenue of $95.00 million during the quarter, compared to analyst estimates of $85.38 million. Coupa Software had a negative net margin of 20.91% and a negative return on equity of 13.73%. The company’s revenue was up 54.0% on a year-over-year basis. During the same quarter last year, the business posted $0.05 earnings per share. As a group, research analysts anticipate that Coupa Software will post -1.02 EPS for the current fiscal year.

In related news, insider Anthony D. Tiscornia sold 1,325 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $137.67, for a total value of $182,412.75. Following the completion of the sale, the insider now owns 1,325 shares of the company’s stock, valued at $182,412.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert Bernshteyn sold 63,225 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $143.63, for a total transaction of $9,081,006.75. Following the completion of the sale, the chief executive officer now directly owns 224,352 shares of the company’s stock, valued at approximately $32,223,677.76. The disclosure for this sale can be found here. In the last three months, insiders sold 298,054 shares of company stock valued at $41,537,052. 5.30% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Advantage Investment Management LLC acquired a new stake in shares of Coupa Software in the second quarter valued at approximately $25,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Coupa Software in the second quarter valued at approximately $40,000. Destination Wealth Management acquired a new stake in shares of Coupa Software in the second quarter valued at approximately $44,000. Neuburgh Advisers LLC increased its holdings in shares of Coupa Software by 100.0% in the second quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock valued at $45,000 after purchasing an additional 176 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Coupa Software by 39.7% in the second quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock valued at $51,000 after purchasing an additional 115 shares in the last quarter.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Coupa Software (NASDAQ:COUP)

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