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S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
How to Play Apple and Amazon Heading in 2023
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
Ulta Issues A Beautiful FY Outlook, But Is the Stock A Buy Now?
Microsoft strikes 10-year deal with Nintendo on Call of Duty
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
Southwest Airlines brings back dividend as travel rebounds
Could trawler cams help save world's dwindling fish stocks?
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
How to Play Apple and Amazon Heading in 2023
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
Ulta Issues A Beautiful FY Outlook, But Is the Stock A Buy Now?
Microsoft strikes 10-year deal with Nintendo on Call of Duty
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
Southwest Airlines brings back dividend as travel rebounds
Could trawler cams help save world's dwindling fish stocks?
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
How to Play Apple and Amazon Heading in 2023
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
Ulta Issues A Beautiful FY Outlook, But Is the Stock A Buy Now?
Microsoft strikes 10-year deal with Nintendo on Call of Duty
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
Southwest Airlines brings back dividend as travel rebounds
Could trawler cams help save world's dwindling fish stocks?

Coupa Software Incorporated (NASDAQ:COUP) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Coupa Software Incorporated (NASDAQ:COUP - Get Rating) have been assigned a consensus recommendation of "Hold" from the twenty-one ratings firms that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $82.00.

A number of brokerages recently issued reports on COUP. StockNews.com began coverage on Coupa Software in a report on Wednesday, October 12th. They set a "sell" rating on the stock. KeyCorp reduced their price target on Coupa Software from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, August 30th. Morgan Stanley reduced their price target on Coupa Software from $99.00 to $94.00 and set an "overweight" rating on the stock in a report on Tuesday, August 16th. Truist Financial reduced their price target on Coupa Software from $85.00 to $75.00 and set a "buy" rating on the stock in a report on Wednesday, September 7th. Finally, Wells Fargo & Company reduced their price target on Coupa Software from $80.00 to $65.00 and set an "equal weight" rating on the stock in a report on Wednesday, September 7th.

Coupa Software Stock Down 5.1 %


COUP opened at $45.87 on Friday. The company has a market cap of $3.48 billion, a P/E ratio of -9.99 and a beta of 1.31. The business's 50-day moving average price is $56.18 and its 200-day moving average price is $62.50. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 6.81. Coupa Software has a 12 month low of $40.29 and a 12 month high of $225.18.

Coupa Software (NASDAQ:COUP - Get Rating) last released its quarterly earnings data on Tuesday, September 6th. The technology company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.65) by $0.13. The firm had revenue of $211.10 million for the quarter, compared to the consensus estimate of $203.99 million. Coupa Software had a negative return on equity of 24.29% and a negative net margin of 43.73%. The company's quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.35) earnings per share. On average, equities analysts expect that Coupa Software will post -2.26 EPS for the current year.

Insider Transactions at Coupa Software

In other news, CFO Anthony D. Tiscornia sold 1,449 shares of the business's stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $66.20, for a total value of $95,923.80. Following the sale, the chief financial officer now directly owns 7,874 shares of the company's stock, valued at approximately $521,258.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Anthony D. Tiscornia sold 3,835 shares of the company's stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $62.85, for a total value of $241,029.75. Following the transaction, the chief financial officer now directly owns 4,039 shares of the company's stock, valued at approximately $253,851.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Anthony D. Tiscornia sold 1,449 shares of the company's stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $66.20, for a total value of $95,923.80. Following the completion of the transaction, the chief financial officer now directly owns 7,874 shares in the company, valued at $521,258.80. The disclosure for this sale can be found here. Insiders have sold a total of 18,437 shares of company stock valued at $1,205,646 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coupa Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors lifted its position in Coupa Software by 951.1% in the 3rd quarter. Captrust Financial Advisors now owns 10,206 shares of the technology company's stock valued at $600,000 after acquiring an additional 9,235 shares in the last quarter. Alliancebernstein L.P. raised its stake in Coupa Software by 136.8% during the 3rd quarter. Alliancebernstein L.P. now owns 171,690 shares of the technology company's stock valued at $10,095,000 after buying an additional 99,195 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Coupa Software by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 37,759 shares of the technology company's stock valued at $2,220,000 after buying an additional 297 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Coupa Software by 29.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 15,498 shares of the technology company's stock valued at $911,000 after buying an additional 3,529 shares during the last quarter. Finally, Twinbeech Capital LP purchased a new stake in Coupa Software during the 3rd quarter valued at $1,071,000.

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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Analyst Recommendations for Coupa Software (NASDAQ:COUP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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