Coupa Software (NASDAQ:COUP) PT Lowered to $75.00 at Morgan Stanley

Coupa Software (NASDAQ:COUPGet Rating) had its target price cut by Morgan Stanley from $94.00 to $75.00 in a research report sent to investors on Tuesday morning, Marketbeat.com reports. They currently have an overweight rating on the technology company’s stock.

Several other analysts also recently issued reports on the company. KeyCorp decreased their price target on Coupa Software from $75.00 to $70.00 and set an overweight rating for the company in a research note on Tuesday, August 30th. Citigroup increased their target price on Coupa Software from $77.00 to $82.00 in a research note on Wednesday, September 7th. Royal Bank of Canada downgraded Coupa Software from a sector perform rating to an underperform rating and decreased their target price for the company from $65.00 to $55.00 in a research note on Monday, August 22nd. Truist Financial decreased their target price on Coupa Software from $85.00 to $75.00 and set a buy rating for the company in a research note on Wednesday, September 7th. Finally, Raymond James decreased their target price on Coupa Software from $90.00 to $75.00 in a research note on Wednesday, September 7th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and an average target price of $86.90.

Coupa Software Stock Performance

Shares of NASDAQ COUP opened at $58.93 on Tuesday. The business’s 50-day moving average price is $54.68 and its two-hundred day moving average price is $61.60. The company has a debt-to-equity ratio of 6.81, a current ratio of 1.82 and a quick ratio of 1.82. Coupa Software has a one year low of $40.29 and a one year high of $205.31. The company has a market capitalization of $4.47 billion, a P/E ratio of -12.84 and a beta of 1.31.

Coupa Software (NASDAQ:COUPGet Rating) last issued its earnings results on Tuesday, September 6th. The technology company reported ($0.52) EPS for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.13. Coupa Software had a negative return on equity of 24.29% and a negative net margin of 43.73%. The firm had revenue of $211.10 million for the quarter, compared to the consensus estimate of $203.99 million. During the same quarter in the previous year, the company posted ($0.35) earnings per share. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. Analysts anticipate that Coupa Software will post -2.26 earnings per share for the current fiscal year.

Insider Transactions at Coupa Software

In other news, CFO Anthony D. Tiscornia sold 3,835 shares of the stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $62.85, for a total value of $241,029.75. Following the completion of the transaction, the chief financial officer now directly owns 4,039 shares of the company’s stock, valued at approximately $253,851.15. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Robert Glenn sold 2,174 shares of the firm’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $66.20, for a total value of $143,918.80. Following the transaction, the executive vice president now directly owns 11,675 shares in the company, valued at approximately $772,885. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Anthony D. Tiscornia sold 3,835 shares of the firm’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $62.85, for a total value of $241,029.75. Following the completion of the transaction, the chief financial officer now owns 4,039 shares in the company, valued at $253,851.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,437 shares of company stock valued at $1,205,646. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Coupa Software by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 7,140,751 shares of the technology company’s stock worth $419,877,000 after purchasing an additional 159,913 shares during the last quarter. HMI Capital Management L.P. boosted its position in shares of Coupa Software by 8.0% in the 3rd quarter. HMI Capital Management L.P. now owns 3,137,800 shares of the technology company’s stock worth $184,503,000 after purchasing an additional 232,300 shares during the last quarter. Brown Advisory Inc. boosted its position in shares of Coupa Software by 6.1% in the 2nd quarter. Brown Advisory Inc. now owns 2,964,943 shares of the technology company’s stock worth $169,298,000 after purchasing an additional 170,001 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Coupa Software by 87.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,119,300 shares of the technology company’s stock worth $121,012,000 after purchasing an additional 991,100 shares during the last quarter. Finally, Cadian Capital Management LP boosted its position in shares of Coupa Software by 251.9% in the 3rd quarter. Cadian Capital Management LP now owns 1,935,230 shares of the technology company’s stock worth $113,792,000 after purchasing an additional 1,385,230 shares during the last quarter.

Coupa Software Company Profile

(Get Rating)

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

Further Reading

Analyst Recommendations for Coupa Software (NASDAQ:COUP)

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