Coupa Software (NASDAQ:COUP) Now Covered by Analysts at DA Davidson

Equities research analysts at DA Davidson assumed coverage on shares of Coupa Software (NASDAQ:COUP – Get Rating) in a research note issued to investors on Thursday, The Fly reports. The firm set a “neutral” rating on the technology company’s stock.

A number of other analysts have also issued reports on COUP. Morgan Stanley reissued a “buy” rating and issued a $125.00 target price on shares of Coupa Software in a research report on Friday, April 8th. Mizuho cut their target price on Coupa Software from $130.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 15th. StockNews.com began coverage on Coupa Software in a research report on Thursday, March 31st. They issued a “sell” rating on the stock. Piper Sandler lowered Coupa Software from an “overweight” rating to a “neutral” rating and cut their target price for the company from $230.00 to $70.00 in a research report on Tuesday, March 15th. Finally, KeyCorp cut their target price on Coupa Software from $175.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 15th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Coupa Software currently has an average rating of “Hold” and a consensus price target of $141.25.

Shares of COUP stock traded up $6.65 during trading on Thursday, hitting $71.73. 2,423,134 shares of the stock traded hands, compared to its average volume of 2,345,685. The firm has a market capitalization of $5.38 billion, a P/E ratio of -13.96 and a beta of 1.44. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.79 and a quick ratio of 1.79. The firm’s fifty day moving average price is $91.14 and its 200-day moving average price is $134.91. Coupa Software has a 52-week low of $58.43 and a 52-week high of $283.38.

Coupa Software (NASDAQ:COUP – Get Rating) last released its quarterly earnings results on Monday, March 14th. The technology company reported ($0.54) EPS for the quarter, beating the consensus estimate of ($0.75) by $0.21. The firm had revenue of $193.30 million for the quarter, compared to analyst estimates of $186.18 million. Coupa Software had a negative net margin of 52.26% and a negative return on equity of 14.13%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.82) EPS. As a group, equities research analysts expect that Coupa Software will post -2.55 earnings per share for the current year.

In other Coupa Software news, CAO Maurizio Baratta sold 385 shares of the company’s stock in a transaction on Friday, April 8th. The shares were sold at an average price of $104.73, for a total value of $40,321.05. Following the completion of the transaction, the chief accounting officer now owns 3,077 shares in the company, valued at $322,254.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michelle Brennan acquired 375 shares of the firm’s stock in a transaction on Wednesday, March 16th. The stock was bought at an average price of $78.65 per share, with a total value of $29,493.75. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 17,266 shares of company stock valued at $1,718,614. Insiders own 2.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COUP. Advisor Group Holdings Inc. boosted its stake in Coupa Software by 19.0% in the third quarter. Advisor Group Holdings Inc. now owns 8,327 shares of the technology company’s stock valued at $1,829,000 after acquiring an additional 1,331 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in shares of Coupa Software by 42.8% in the third quarter. Rafferty Asset Management LLC now owns 7,752 shares of the technology company’s stock valued at $1,699,000 after buying an additional 2,325 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new stake in shares of Coupa Software in the third quarter valued at about $498,000. BOKF NA purchased a new stake in shares of Coupa Software in the third quarter valued at about $715,000. Finally, Nissay Asset Management Corp Japan ADV raised its holdings in shares of Coupa Software by 20.9% in the third quarter. Nissay Asset Management Corp Japan ADV now owns 8,414 shares of the technology company’s stock valued at $1,844,000 after buying an additional 1,455 shares during the last quarter. Institutional investors own 95.45% of the company’s stock.

About Coupa Software (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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