Coupa (NASDAQ:COUP) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Wednesday, May 2nd.
COUP has been the topic of several other research reports. Zacks Investment Research downgraded Coupa from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Loop Capital raised their price objective on Coupa to $48.00 and gave the stock a “hold” rating in a research note on Wednesday, March 14th. JMP Securities downgraded Coupa from an “outperform” rating to a “market perform” rating and set a $31.00 price objective on the stock. in a research note on Tuesday, March 13th. Northland Securities set a $41.00 price objective on Coupa and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, SunTrust Banks assumed coverage on Coupa in a research note on Wednesday, January 31st. They set a “buy” rating and a $45.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $47.12.
Shares of Coupa traded up $0.18, hitting $53.90, during midday trading on Wednesday, Marketbeat Ratings reports. The company had a trading volume of 587,733 shares, compared to its average volume of 716,866. The firm has a market capitalization of $3.04 billion, a P/E ratio of -70.92 and a beta of 1.15. Coupa has a 12 month low of $53.58 and a 12 month high of $54.47. The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 0.68.
Coupa (NASDAQ:COUP) last issued its quarterly earnings data on Monday, March 12th. The technology company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.17. The business had revenue of $53.80 million for the quarter, compared to the consensus estimate of $48.64 million. Coupa had a negative return on equity of 19.30% and a negative net margin of 23.45%. The firm’s revenue was up 41.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) EPS. equities research analysts expect that Coupa will post -1.16 earnings per share for the current year.
In other Coupa news, CFO Todd R. Ford sold 112,500 shares of Coupa stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $46.21, for a total value of $5,198,625.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Anthony D. Tiscornia sold 781 shares of Coupa stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $48.66, for a total value of $38,003.46. Following the completion of the sale, the insider now directly owns 521 shares in the company, valued at approximately $25,351.86. The disclosure for this sale can be found here. Insiders sold a total of 392,270 shares of company stock worth $18,093,217 in the last three months. Company insiders own 6.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP increased its position in shares of Coupa by 13.1% in the first quarter. Quantbot Technologies LP now owns 10,144 shares of the technology company’s stock valued at $462,000 after acquiring an additional 1,176 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Coupa by 2.5% in the third quarter. Bank of New York Mellon Corp now owns 113,344 shares of the technology company’s stock valued at $3,531,000 after acquiring an additional 2,782 shares during the last quarter. Swiss National Bank increased its position in shares of Coupa by 7.1% in the fourth quarter. Swiss National Bank now owns 45,100 shares of the technology company’s stock valued at $1,408,000 after acquiring an additional 3,000 shares during the last quarter. First Trust Advisors LP increased its position in shares of Coupa by 9.2% in the fourth quarter. First Trust Advisors LP now owns 44,879 shares of the technology company’s stock valued at $1,401,000 after acquiring an additional 3,787 shares during the last quarter. Finally, StepStone Group LP acquired a new stake in shares of Coupa in the first quarter valued at about $186,000. 86.27% of the stock is currently owned by institutional investors and hedge funds.
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.
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