Coupa Software (NASDAQ:COUP) Downgraded by The Goldman Sachs Group to “Sell”

Coupa Software (NASDAQ:COUPGet Rating) was downgraded by investment analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research report issued on Thursday, The Fly reports. They presently have a $64.00 price target on the technology company’s stock, down from their previous price target of $83.00. The Goldman Sachs Group’s price target indicates a potential downside of 0.79% from the stock’s current price.

COUP has been the topic of several other reports. Morgan Stanley restated a “buy” rating and set a $125.00 price target on shares of Coupa Software in a report on Friday, April 8th. UBS Group cut their price target on shares of Coupa Software from $130.00 to $105.00 in a report on Wednesday, March 16th. Evercore ISI raised shares of Coupa Software to a “buy” rating and set a $140.00 price objective for the company in a report on Thursday, April 14th. Mizuho decreased their target price on shares of Coupa Software from $130.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 15th. Finally, Wells Fargo & Company decreased their target price on shares of Coupa Software from $190.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 15th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $141.25.

COUP stock opened at $64.51 on Thursday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.81. Coupa Software has a 12 month low of $64.10 and a 12 month high of $283.38. The firm has a market cap of $4.84 billion, a P/E ratio of -12.55 and a beta of 1.44. The company’s 50-day moving average price is $95.47 and its two-hundred day moving average price is $140.75.

Coupa Software (NASDAQ:COUPGet Rating) last posted its quarterly earnings results on Monday, March 14th. The technology company reported ($0.54) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.21. Coupa Software had a negative net margin of 52.26% and a negative return on equity of 14.13%. The company had revenue of $193.30 million for the quarter, compared to the consensus estimate of $186.18 million. During the same period last year, the company posted ($0.82) EPS. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. Equities analysts predict that Coupa Software will post -2.43 EPS for the current year.

In related news, CAO Maurizio Baratta sold 385 shares of the firm’s stock in a transaction that occurred on Friday, April 8th. The stock was sold at an average price of $104.73, for a total transaction of $40,321.05. Following the completion of the transaction, the chief accounting officer now owns 3,077 shares of the company’s stock, valued at approximately $322,254.21. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mark Riggs sold 1,013 shares of the firm’s stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $104.87, for a total value of $106,233.31. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,266 shares of company stock valued at $1,718,614. 2.20% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Montag A & Associates Inc. increased its holdings in shares of Coupa Software by 336.8% in the 4th quarter. Montag A & Associates Inc. now owns 166 shares of the technology company’s stock worth $26,000 after purchasing an additional 128 shares in the last quarter. Sandy Cove Advisors LLC bought a new stake in shares of Coupa Software during the fourth quarter valued at approximately $30,000. Standard Family Office LLC bought a new stake in shares of Coupa Software during the fourth quarter valued at approximately $32,000. Desjardins Global Asset Management Inc. purchased a new position in shares of Coupa Software in the fourth quarter valued at $37,000. Finally, UMB Bank N A MO purchased a new position in shares of Coupa Software in the fourth quarter valued at $37,000. 95.45% of the stock is owned by institutional investors.

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.

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