Coupa Software (NASDAQ:COUP) Now Covered by Analysts at Credit Suisse Group

Stock analysts at Credit Suisse Group began coverage on shares of Coupa Software (NASDAQ:COUPGet Rating) in a research report issued to clients and investors on Friday, The Fly reports. The firm set an “underperform” rating and a $60.00 price target on the technology company’s stock. Credit Suisse Group’s price objective indicates a potential downside of 3.51% from the company’s previous close.

Several other equities research analysts have also recently commented on COUP. DA Davidson lowered their price target on shares of Coupa Software from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, September 7th. Barclays cut their price target on Coupa Software from $85.00 to $71.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 7th. Morgan Stanley dropped their price objective on Coupa Software from $99.00 to $94.00 and set an “overweight” rating for the company in a report on Tuesday, August 16th. Citigroup raised their target price on Coupa Software from $77.00 to $82.00 in a report on Wednesday, September 7th. Finally, KeyCorp lowered their price target on Coupa Software from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, August 30th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Coupa Software has a consensus rating of “Hold” and a consensus target price of $90.35.

Coupa Software Price Performance

Shares of COUP stock opened at $62.18 on Friday. Coupa Software has a 1 year low of $50.54 and a 1 year high of $259.90. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 6.81. The firm’s 50 day moving average is $66.67 and its 200-day moving average is $75.11. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of -13.55 and a beta of 1.50.

Coupa Software (NASDAQ:COUPGet Rating) last released its earnings results on Tuesday, September 6th. The technology company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.09 by $0.11. Coupa Software had a negative return on equity of 24.29% and a negative net margin of 43.73%. The company had revenue of $211.10 million during the quarter, compared to analysts’ expectations of $203.99 million. During the same period last year, the firm earned ($0.35) EPS. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. Sell-side analysts forecast that Coupa Software will post -2.27 EPS for the current fiscal year.

Insider Activity at Coupa Software

In related news, insider Mark Riggs sold 5,018 shares of Coupa Software stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $75.32, for a total value of $377,955.76. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Coupa Software news, insider Mark Riggs sold 5,018 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $75.32, for a total transaction of $377,955.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert Bernshteyn sold 8,074 shares of the business’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 value of $534,498.80. Following the transaction, the chief executive officer now directly owns 252,274 shares in the company, valued at approximately $16,700,538.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,620 shares of company stock valued at $1,342,253. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Comerica Bank increased its position in shares of Coupa Software by 1.5% during the 2nd quarter. Comerica Bank now owns 11,274 shares of the technology company’s stock worth $697,000 after purchasing an additional 167 shares during the last quarter. Standard Family Office LLC acquired a new position in shares of Coupa Software during the 4th quarter worth approximately $32,000. Daiwa Securities Group Inc. increased its holdings in shares of Coupa Software by 5.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 3,780 shares of the technology company’s stock worth $384,000 after acquiring an additional 200 shares during the last quarter. Fernwood Investment Management LLC increased its holdings in shares of Coupa Software by 3.2% during the 1st quarter. Fernwood Investment Management LLC now owns 6,840 shares of the technology company’s stock worth $695,000 after acquiring an additional 213 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Coupa Software by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 20,843 shares of the technology company’s stock worth $1,190,000 after acquiring an additional 228 shares during 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.

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