Coupa Software (COUP) Downgraded by Zacks Investment Research to Hold

Coupa Software (NASDAQ:COUP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “Coupa Software Inc. provides cloud-based spend management platform which connects organizations with suppliers. Coupa Software Inc. is based in SAN MATEO, United States. “

A number of other brokerages have also commented on COUP. JMP Securities reiterated a “hold” rating on shares of Coupa Software in a research report on Wednesday. Oppenheimer upped their target price on Coupa Software from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday. Loop Capital upped their target price on Coupa Software to $105.00 and gave the company a “buy” rating in a research report on Wednesday. Cantor Fitzgerald reiterated a “buy” rating and issued a $92.00 target price on shares of Coupa Software in a research report on Sunday, January 13th. Finally, Royal Bank of Canada upped their target price on Coupa Software from $84.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday, March 8th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $93.00.

Shares of NASDAQ COUP opened at $95.38 on Friday. The company has a market capitalization of $5.67 billion, a P/E ratio of -142.36 and a beta of 1.87. Coupa Software has a 52 week low of $43.89 and a 52 week high of $99.64.

Coupa Software (NASDAQ:COUP) last issued its earnings results on Monday, March 11th. The technology company reported ($0.18) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.08. The firm had revenue of $74.91 million for the quarter, compared to analyst estimates of $68.07 million. Coupa Software had a negative return on equity of 14.84% and a negative net margin of 21.33%. As a group, equities analysts expect that Coupa Software will post -0.64 EPS for the current year.

In other Coupa Software news, CEO Robert Bernshteyn sold 63,225 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $61.60, for a total value of $3,894,660.00. Following the sale, the chief executive officer now owns 208,775 shares in the company, valued at approximately $12,860,540. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Anthony D. Tiscornia sold 952 shares of the company’s stock in a transaction that occurred on Friday, December 21st. The stock was sold at an average price of $56.09, for a total value of $53,397.68. Following the completion of the sale, the insider now owns 828 shares in the company, valued at approximately $46,442.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 296,631 shares of company stock worth $22,811,237. Insiders own 6.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Coupa Software by 11.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,610,782 shares of the technology company’s stock worth $364,712,000 after buying an additional 467,714 shares during the period. Vanguard Group Inc raised its stake in shares of Coupa Software by 11.3% during the 3rd quarter. Vanguard Group Inc now owns 4,610,782 shares of the technology company’s stock worth $364,712,000 after buying an additional 467,714 shares during the period. BlackRock Inc. raised its stake in shares of Coupa Software by 20.9% during the 4th quarter. BlackRock Inc. now owns 4,206,903 shares of the technology company’s stock worth $264,447,000 after buying an additional 726,412 shares during the period. Morgan Stanley raised its stake in shares of Coupa Software by 3.8% during the 3rd quarter. Morgan Stanley now owns 3,733,253 shares of the technology company’s stock worth $295,300,000 after buying an additional 137,624 shares during the period. Finally, Sylebra HK Co Ltd raised its stake in shares of Coupa Software by 2.4% during the 4th quarter. Sylebra HK Co Ltd now owns 3,562,820 shares of the technology company’s stock worth $223,959,000 after buying an additional 81,852 shares during the period. Institutional investors and hedge funds own 98.20% of the company’s stock.

About Coupa Software

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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