Coupa Software (COUP) Rating Reiterated by Barclays

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Coupa Software (NASDAQ:COUP)‘s stock had its “hold” rating reissued by stock analysts at Barclays in a research report issued on Wednesday. They presently have a $86.00 target price on the technology company’s stock. Barclays‘s target price suggests a potential downside of 9.32% from the company’s current price.

A number of other equities research analysts have also recently issued reports on COUP. Loop Capital upped their target price on shares of Coupa Software to $85.00 and gave the company a “buy” rating in a report on Thursday, January 24th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $92.00 target price on shares of Coupa Software in a report on Sunday, January 13th. Royal Bank of Canada upped their target price on shares of Coupa Software from $84.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, March 8th. UBS Group dropped their target price on shares of Coupa Software from $90.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, December 4th. Finally, SunTrust Banks upped their target price on shares of Coupa Software to $110.00 and gave the company a “buy” rating in a report on Tuesday. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Coupa Software has a consensus rating of “Buy” and a consensus price target of $93.00.

Shares of NASDAQ:COUP opened at $94.84 on Wednesday. Coupa Software has a one year low of $43.89 and a one year high of $99.64. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of -141.55 and a beta of 1.87.

Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, March 11th. The technology company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.08. Coupa Software had a negative net margin of 21.33% and a negative return on equity of 14.84%. The firm had revenue of $74.91 million for the quarter, compared to analysts’ expectations of $68.07 million. On average, sell-side analysts anticipate that Coupa Software will post -0.64 earnings per share for the current fiscal year.

In related news, CEO Robert Bernshteyn sold 63,225 shares of the company’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $61.60, for a total value of $3,894,660.00. Following the transaction, the chief executive officer now owns 208,775 shares in the company, valued at approximately $12,860,540. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mark Riggs sold 929 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $95.72, for a total transaction of $88,923.88. Following the completion of the transaction, the insider now owns 3,655 shares in the company, valued at approximately $349,856.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 296,631 shares of company stock worth $22,811,237. 6.50% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors grew its stake in Coupa Software by 58.1% in the 4th quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock valued at $28,000 after buying an additional 161 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Coupa Software during the 4th quarter worth approximately $31,000. PRW Wealth Management LLC acquired a new position in shares of Coupa Software during the 4th quarter worth approximately $34,000. Advisor Group Inc. grew its position in shares of Coupa Software by 114.5% during the 4th quarter. Advisor Group Inc. now owns 1,521 shares of the technology company’s stock worth $96,000 after purchasing an additional 812 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new position in shares of Coupa Software during the 3rd quarter worth approximately $220,000. Institutional investors and hedge funds own 98.20% of the company’s stock.

Coupa Software Company Profile

Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.

Further Reading: P/E Growth (PEG)

Analyst Recommendations for Coupa Software (NASDAQ:COUP)

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