Coupa Software (NASDAQ:COUP) PT Lowered to $158.00 at Barclays

Coupa Software (NASDAQ:COUP) had its price target reduced by Barclays from $186.00 to $158.00 in a report issued on Wednesday morning, The Fly reports. Barclays currently has an equal weight rating on the technology company’s stock.

Other equities research analysts also recently issued research reports about the stock. Needham & Company LLC lowered their price objective on shares of Coupa Software from $315.00 to $210.00 and set a buy rating on the stock in a research note on Tuesday, December 7th. Truist Securities decreased their price target on shares of Coupa Software from $326.00 to $225.00 and set a buy rating on the stock in a research note on Tuesday, December 7th. KeyCorp decreased their price target on shares of Coupa Software from $300.00 to $225.00 and set an overweight rating on the stock in a research note on Tuesday, December 7th. Susquehanna assumed coverage on shares of Coupa Software in a research note on Tuesday, November 16th. They set a positive rating on the stock. Finally, Morgan Stanley decreased their price target on shares of Coupa Software from $337.00 to $330.00 and set an overweight rating on the stock in a research note on Tuesday, December 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of $226.05.

NASDAQ:COUP opened at $138.44 on Wednesday. Coupa Software has a 12 month low of $134.00 and a 12 month high of $377.04. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.82 and a quick ratio of 0.82. The company’s 50 day moving average is $177.08 and its 200-day moving average is $216.01.

Coupa Software (NASDAQ:COUP) last released its quarterly earnings results on Monday, December 6th. The technology company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.29. The company had revenue of $185.82 million for the quarter, compared to analyst estimates of $177.88 million. Coupa Software had a negative net margin of 49.52% and a negative return on equity of 15.58%. The company’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.34) earnings per share. Sell-side analysts forecast that Coupa Software will post -1.94 EPS for the current year.

In other Coupa Software news, insider Mark Riggs sold 1,296 shares of the business’s stock in a transaction dated Monday, December 27th. The stock was sold at an average price of $159.50, for a total transaction of $206,712.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Todd R. Ford sold 2,957 shares of the business’s stock in a transaction dated Tuesday, December 21st. The stock was sold at an average price of $156.14, for a total value of $461,705.98. The disclosure for this sale can be found here. Insiders sold 118,695 shares of company stock valued at $26,568,973 over the last ninety days. 2.60% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in COUP. Echo Street Capital Management LLC grew its position in shares of Coupa Software by 49.7% during the 2nd quarter. Echo Street Capital Management LLC now owns 336,645 shares of the technology company’s stock worth $88,238,000 after buying an additional 111,759 shares during the period. California State Teachers Retirement System grew its position in shares of Coupa Software by 1.1% during the 2nd quarter. California State Teachers Retirement System now owns 131,337 shares of the technology company’s stock worth $34,425,000 after buying an additional 1,451 shares during the period. Profund Advisors LLC grew its position in shares of Coupa Software by 17.7% during the 2nd quarter. Profund Advisors LLC now owns 13,647 shares of the technology company’s stock worth $3,578,000 after buying an additional 2,052 shares during the period. Geode Capital Management LLC grew its position in shares of Coupa Software by 5.8% during the 2nd quarter. Geode Capital Management LLC now owns 899,344 shares of the technology company’s stock worth $235,371,000 after buying an additional 49,091 shares during the period. Finally, Stanley Laman Group Ltd. acquired a new position in shares of Coupa Software during the 3rd quarter worth about $624,000.

About Coupa Software

Coupa Software, Inc engages in the provision of business spend management (BSM) solutions. Its products include invoice, expense, pay, spend analysis, strategic sourcing, contract management contingent workforce, and supplier management. The company was founded by Noah Eisner and Dave Stephens in 2006 and is headquartered in San Mateo, CA.

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