Coupa Software Incorporated (NASDAQ:COUP) Receives Consensus “Hold” Recommendation From Analysts

ByLance T. Lee

Nov 19, 2022

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Coupa Software Incorporated Stock (NASDAQ:COUPGet a rating) have received a consensus recommendation of “Hold” from the twenty-one rating agencies that currently cover the company, MarketBeat.com reports. Six analysts gave the stock a sell rating, five gave the company a hold rating and seven gave the company a buy rating. The 12-month average target price among analysts who updated their coverage of the stock in the last year is $82.00.

A number of brokerages have recently released reports on the COUP. StockNews.com began covering Coupa Software in a report on Wednesday, October 12. They put a “sell” mark on the stock. KeyCorp cut its price target on Coupa Software from $75.00 to $70.00 and set an “overweight” rating on the stock in a Tuesday, August 30 report. Morgan Stanley cut its price target on Coupa Software from $99.00 to $94.00 and set an “overweight” rating on the stock in a Tuesday, August 16 report. Truist Financial cut its price target on Coupa Software from $85.00 to $75.00 and set a “buy” rating on the stock in a Wednesday, September 7 report. Finally, Wells Fargo & Company cut its price target on Coupa Software from $80.00 to $65.00 and set an “equal weight” rating on the stock in a Wednesday, September 7 report.

Coupa software stock down 5.1%

CUT opened at $45.87 on Friday. The company has a market capitalization of $3.48 billion, a P/E ratio of -9.99 and a beta of 1.31. The company’s 50-day moving average price is $56.18 and its 200-day moving average price is $62.50. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt ratio of 6.81. Coupa Software has a 12-month low of $40.29 and a 12-month high of $225.18.

Coupa Software (NASDAQ:COUPGet a rating) last released its quarterly earnings data on Tuesday, September 6. The technology company reported ($0.52) EPS for the quarter, beating the consensus estimate of ($0.65) by $0.13. The company posted revenue of $211.10 million for the quarter, versus a consensus estimate of $203.99 million. Coupa Software posted a negative return on equity of 24.29% and a negative net margin of 43.73%. The company’s quarterly revenue increased 17.8% year over year. In the same quarter of the previous year, the company had earned a profit per share of ($0.35). On average, equity analysts expect Coupa Software to post -2.26 EPS for the current year.

Insider Trading at Coupa Software

In other news, CFO Anthony D. Tiscornia sold 1,449 shares of the company in a trade that took place on Wednesday, September 21. The stock was sold at an average price of $66.20, for a total value of $95,923.80. Following the sale, the CFO now directly owns 7,874 shares of the company, valued at approximately $521,258.80. The sale was disclosed in a legal filing with the SEC, accessible via the SEC website. Separately, Chief Financial Officer Anthony D. Tiscornia sold 3,835 shares of the company in a transaction that took place on Monday, September 26. The stock was sold at an average price of $62.85, for a total value of $241,029.75. Following the transaction, the CFO now directly owns 4,039 shares of the company, valued at approximately $253,851.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Chief Financial Officer Anthony D. Tiscornia sold 1,449 shares of the company in a trade that took place on Wednesday, September 21. The shares were sold at an average price of $66.20, for a total value of $95,923.80. Following completion of the transaction, the CFO now directly owns 7,874 shares of the company, valued at $521,258.80. Disclosure of this sale can be found here. Insiders sold a total of 18,437 shares of the company valued at $1,205,646 over the past ninety days. 2.20% of the shares are currently held by insiders.

Hedge funds weigh in on Coupa software

Several hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Captrust Financial Advisors increased its position in Coupa Software by 951.1% in Q3. Captrust Financial Advisors now owns 10,206 shares of the technology company valued at $600,000 after acquiring 9,235 additional shares last quarter. Alliancebernstein LP increased its stake in Coupa Software by 136.8% during the 3rd quarter. Alliancebernstein LP now owns 171,690 shares of the technology company valued at $10,095,000 after buying an additional 99,195 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Coupa Software by 0.8% in the third quarter. The Ohio Public Employees Retirement System now owns 37,759 shares of the tech company valued at $2,220,000 after buying 297 additional shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Coupa Software by 29.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 15,498 shares of the technology company valued at $911,000 after buying 3,529 additional shares in the last quarter. Finally, Twinbeech Capital LP acquired a new stake in Coupa Software during the 3rd quarter for a value of $1,071,000.

About Coupa Software

(Get a rating)

Coupa Software Incorporated provides a cloud-based enterprise expense management platform that connects its customers with vendors around the world. The company provides visibility and control over how companies spend money, optimize supply chains and manage cash, while enabling companies to realize savings that drive profitability.

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Analyst Recommendations for Coupa Software (NASDAQ: COUP)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

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