Coupa Software (NASDAQ:COUP) Stock Rating Lowered by UBS Group

Coupa Software Incorporated logoUBS Group lowered shares of Coupa Software (NASDAQ:COUP – Get Rating) to an underweight rating in a report released on Thursday morning, The Fly reports.

Several other research analysts have also recently weighed in on the stock. Barclays reduced their price target on shares of Coupa Software from $71.00 to $59.00 and set an equal weight rating for the company in a report on Tuesday, October 18th. Piper Sandler cut shares of Coupa Software from a neutral rating to an underweight rating and reduced their price target for the company from $67.00 to $55.00 in a report on Wednesday, October 19th. Morgan Stanley reduced their price target on shares of Coupa Software from $99.00 to $94.00 and set an overweight rating for the company in a report on Tuesday, August 16th. Royal Bank of Canada lowered shares of Coupa Software from a sector perform rating to an underperform rating and cut their price objective for the stock from $65.00 to $55.00 in a research report on Monday, August 22nd. Finally, Credit Suisse Group began coverage on shares of Coupa Software in a research report on Friday, September 23rd. They issued an underperform rating and a $60.00 price objective on the stock. Six analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $89.15.

Coupa Software Stock Down 3.8%

Shares of NASDAQ COUP opened at $50.18 on Thursday. The stock has a market cap of $3.81 billion, a P/E ratio of -11.15 and a beta of 1.41. The firm has a 50 day moving average price of $61.64 and a 200 day moving average price of $68.51. The company has a debt-to-equity ratio of 6.81, a quick ratio of 1.82 and a current ratio of 1.82. Coupa Software has a 52-week low of $46.31 and a 52-week high of $255.90.

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Coupa Software (NASDAQ:COUP – Get Rating) last issued its quarterly earnings data on Tuesday, September 6th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.11. The firm had revenue of $211.10 million during the quarter, compared to analysts’ expectations of $203.99 million. Coupa Software had a negative net margin of 43.73% and a negative return on equity of 24.29%. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.35) earnings per share. Analysts expect that Coupa Software will post -2.26 EPS for the current year.

Insider Activity

In other news, CAO Maurizio Baratta sold 598 shares of the stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $66.20, for a total value of $39,587.60. Following the transaction, the chief accounting officer now directly owns 5,265 shares of the company’s stock, valued at $348,543. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Anthony D. Tiscornia sold 1,449 shares of the company’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $66.20, for a total value of $95,923.80. Following the transaction, the chief financial officer now directly owns 7,874 shares in the company, valued at $521,258.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Maurizio Baratta sold 598 shares of the company’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $66.20, for a total transaction of $39,587.60. Following the completion of the transaction, the chief accounting officer now owns 5,265 shares in the company, valued at $348,543. The disclosure for this sale can be found here. Insiders have sold 23,455 shares of company stock valued at $1,583,602 over the last ninety days. 2.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Coupa Software

Large investors have recently bought and sold shares of the company. Heritage Wealth Advisors bought a new position in shares of Coupa Software in the second quarter worth about $41,000. UMB Bank NA MO lifted its holdings in shares of Coupa Software by 139.1% in the first quarter. UMB Bank NA MO now owns 562 shares of the technology company’s stock worth $57,000 after acquiring an additional 327 shares during the last quarter. NuWave Investment Management LLC bought a new position in shares of Coupa Software in the third quarter worth about $81,000. Advisors Asset Management Inc. lifted its holdings in shares of Coupa Software by 56.9% in the first quarter. Advisors Asset Management Inc. now owns 965 shares of the technology company’s stock worth $98,000 after acquiring an additional 350 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Coupa Software in the first quarter worth about $139,000.

Coupa Software Company Profile

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Coupa Software Incorporated provides a 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 enabling businesses to achieve savings that drive profitability.

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Analyst Recommendations for Coupa Software (NASDAQ:COUP)

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