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Analysts have given Coupa Software Incorporated (NASDAQ:COUP) a consensus rating of “Hold.”

Analysts have given Coupa Software Incorporated (NASDAQ:COUP) a consensus rating of “Hold.”

The twenty-four rating agencies currently following the company’s stock have given the stock of Coupa Software Incorporated (NASDAQ: COUP) an average rating of “Hold,” which indicates that they do not recommend selling the stock at this time. There have been a total of three research analysts who have suggested selling the stock, thirteen research analysts who have suggested holding onto the stock, and five research analysts who have suggested purchasing the stock. The brokerages that have provided ratings on the stock in the preceding year anticipate that the share price will rise within the next twelve months to an average price objective of $80.93; this price is expected to be reached.
Recent studies on the COUP stock have been published on the websites of several different equity research professionals. Wells Fargo & Company announced, in a research note that was published on Tuesday, December 13, that they were increasing their price objective on Coupa Software from $65.00 to $80.00. The previous price objective was $65.00. Raymond James downgraded its rating for Coupa Software from “outperform” to “market perform” in a research report that was made public on December 13. Needham & Company LLC shifted their recommendation for Coupa Software from a “buy” rating to a “hold” rating in a research report that was made public on December 13. Canaccord Genuity Group reaffirmed a “hold” rating on shares of Coupa Software in a research report published on Thursday, December 22. However, the firm decreased its target price on the company’s stock from $100.00 to $81.00 during the same period. The coverage of Coupa Software made its official debut on StockNews.com on October 12 with the publication of a research report that covered the company for the first time. They suggested “putting up for sale” some of the company’s shares.
According to other recent news regarding the company, Coupa Software CEO Robert Bernshteyn sold 8,074 shares of the company’s stock on December 21. This information was reported in other recent news regarding the business. It took an average price of $78.59 per share to sell the shares, which resulted in a total of $634,535.66 being received for the shares. Following the successful transaction completion, the company’s Chief Executive Officer now owns a total of 258,929 shares of the company’s stock, which can be individually valued at an amount equal to $20,349,230.11. You can acquire additional information regarding the transaction if you click on the link provided for you. This link will take you to an official document presented to the Securities and Exchange Commission. In related news, Chief Financial Officer Anthony D. Tiscornia successfully sold 1,708 company stock on December 21. This was announced in the previous sentence. The number of sold shares generated total revenue of $134,231.72, equivalent to an average price per share of $78.59. Following the completion of the transaction, the chief financial officer will have a direct ownership stake in 6,452 company shares, each of which will have a value of $507,062.68. One can access a document that provides additional information on the transaction by going to the Securities and Exchange Commission (SEC) website.
Additionally, on December 21, 8,074 shares of the company’s stock were sold by Robert Bernshteyn, who serves as the company’s Chief Executive Officer. The price of each share was calculated to be $78.59 on average after the sale, which brought in a total of $634,535.66. As a direct result of the transaction, the company’s Chief Executive Officer now owns a total of 258,929 shares of the company’s stock, which have a combined value of $20,349,230.11. The disclosure about the purchase can be found in this particular location. Corporate insiders were responsible for the sale of 17,190 shares of company stock for a total of $1,350,998 during the previous quarter. Company insiders are responsible for 2.20 percent of the company’s total stock.
A few hedge funds have made recent adjustments to the percentage of their holdings invested in the company, either increasing the percentage or decreasing it. Vanguard Group Inc. increased the proportion of ownership it held in Coupa Software by 2.3% during the third quarter. Vanguard Group Inc. currently holds a total of 7,140,751 shares of the technology company’s stock, valued at $419,877,000. This is a direct result of the company purchasing an additional 159,913 shares during the relevant period, which has led to this result. During the third quarter, HMI Capital Management L.P. increased the amount of Coupa Software stock owned by a percentage equivalent to 8.0%. HMI Capital Management L.P. now has a total of 3,137,800 shares of the technology company’s stock, which are currently valued at $184,503,000, after making an additional purchase of 232,300 shares during the period in question. Brown Advisory Inc. increased the amount of Coupa Software stock owned by 6.1% during the second quarter of the fiscal year. Brown Advisory Inc. now holds a total of 2,964,943 shares of the technology company’s stock following the purchase of an additional 170,000 shares during the period in question. This gives the company a total market value of $169,298,000.
At the end of the second quarter, Renaissance Technologies LLC had an ownership stake in Coupa Software that was 87.8 percent higher than at the beginning. Renaissance Technologies LLC now owns a total of 2,119,300 shares of the technology company’s stock, having purchased an additional 991,100 shares during the most recent period. These shares are currently worth a total of $121,012,000 as of right now. And finally, during the third quarter, Cadian Capital Management L.P. expanded its holdings in Coupa Software by purchasing an additional 251.9% of its shares. Canadian Capital Management L.P. currently holds a total of 1,935,230 shares of the technology company’s stock. The value of their holdings is equal to $113,792,000. This is because the company purchased 1,385,230 additional shares throughout the period in question. Institutional investors and hedge funds currently own 99.09% of the company’s shares between them.
When trading started on Friday, the price of a share of Coupa Software was $79.17. The quick and current ratios correlate at 1.78, and the debt-to-equity ratio correlates at 7.62. The quick ratio and the current ratio are both measures of liquidity. Over the previous 52 weeks, the price of Coupa Software has ranged from $40.29 to $157.00, with a price of $157.00 serving as the overall average. The company’s stock is currently trading at a moving average of $64.12 over the past 50 days, and its stock price over the past 200 days is $63.17. The company has a market capitalization of $6.03 billion, a beta value of 1.22, and a price-to-earnings ratio of -17.71.
On Monday, December 12, the results of the most recent quarterly financial report for Coupa Software, traded on the NASDAQ under the symbol COUP, were made public. The technology company reported a quarterly profit of $0.15 per share, which was $0.05 more than the consensus estimate of $0.10 per share. Coupa Software had a negative net margin of 41.24% and a negative return on equity of 38.56%. Coupa Software also had a negative return on equity. The revenue the company brought in for the quarter was $217.30 million, which is considerably higher than the estimate, which was $213.31 million on average. When compared, the corporation recorded a loss of $0.36 per share during the same quarter of the previous year. The company’s quarterly revenue exhibited a year-over-year growth rate of 17.0% compared to the prior year.
Cloud-based business spending management software is made available to customers of Coupa Software Incorporated. This software connects customers with suppliers located in a variety of countries around the world. The company’s mission is to improve the profitability of other businesses by assisting those businesses in gaining insight and control over their spending, streamlining their supply chains, managing their liquidity, and making financial savings.

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