Coupa Software (NASDAQ:COUP) Rating Lowered to Sell at Zacks Investment Research

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Zacks Investment Research downgraded shares of Coupa Software (NASDAQ:COUP) from a hold rating to a sell rating in a research report released on Monday, Zacks.com reports.

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 analysts have also commented on the stock. Barclays lifted their price target on shares of Coupa Software from $201.00 to $250.00 and gave the stock an equal weight rating in a research note on Tuesday, July 14th. They noted that the move was a valuation call. ValuEngine lowered shares of Coupa Software from a buy rating to a hold rating in a research note on Friday, May 1st. FBN Securities lifted their price target on shares of Coupa Software from $175.00 to $255.00 and gave the stock an outperform rating in a research note on Tuesday, June 30th. Goldman Sachs Group lifted their price target on shares of Coupa Software from $245.00 to $322.00 and gave the stock a buy rating in a research note on Monday, June 29th. Finally, JPMorgan Chase & Co. lowered shares of Coupa Software from a neutral rating to an underweight rating and set a $100.00 price target for the company. in a research note on Thursday, April 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $213.04.

NASDAQ:COUP opened at $305.86 on Monday. The firm has a market cap of $20.15 billion, a P/E ratio of -226.56 and a beta of 1.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.03 and a current ratio of 2.03. Coupa Software has a fifty-two week low of $99.01 and a fifty-two week high of $319.55. The firm has a 50-day simple moving average of $297.64 and a two-hundred day simple moving average of $209.66.

Coupa Software (NASDAQ:COUP) last released its quarterly earnings data on Monday, June 8th. The technology company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.13. The business had revenue of $119.21 million during the quarter, compared to analyst estimates of $111.84 million. Coupa Software had a negative net margin of 19.92% and a negative return on equity of 8.12%. Coupa Software’s revenue was up 46.6% compared to the same quarter last year. During the same period last year, the business earned $0.03 EPS. On average, equities research analysts predict that Coupa Software will post -0.9 EPS for the current year.

In other Coupa Software news, CAO Anthony D. Tiscornia sold 1,449 shares of Coupa Software stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $260.60, for a total transaction of $377,609.40. Following the transaction, the chief accounting officer now owns 1,028 shares of the company’s stock, valued at $267,896.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Riggs sold 929 shares of Coupa Software stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $228.85, for a total transaction of $212,601.65. Following the transaction, the insider now directly owns 644 shares in the company, valued at approximately $147,379.40. The disclosure for this sale can be found here. Insiders have sold 188,748 shares of company stock worth $52,618,316 in the last ninety days. Insiders own 3.40% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Coupa Software by 8.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 323,651 shares of the technology company’s stock worth $89,665,000 after buying an additional 24,033 shares in the last quarter. Equitable Trust Co. purchased a new position in shares of Coupa Software in the second quarter worth $289,000. B. Riley Wealth Management Inc. purchased a new position in shares of Coupa Software in the second quarter worth $224,000. Intrinsic Edge Capital Management LLC purchased a new position in shares of Coupa Software in the second quarter worth $2,770,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Coupa Software by 48.0% in the second quarter. AQR Capital Management LLC now owns 28,903 shares of the technology company’s stock worth $7,986,000 after buying an additional 9,376 shares in the last quarter.

Coupa Software Company Profile

Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.

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