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. Its platform offers procurement, invoicing, expense management, and payment solutions that form the transactional engine for managing a company's business spend; and specialized solutions, including strategic sourcing, contract management, contingent workforce, supplier risk management, supply chain design and planning, treasury management, and spend analysis. It serves businesses in various industries, including healthcare and pharmaceuticals, retail, financial services, manufacturing, and technology. The company markets its platform primarily through a direct sales force. Coupa Software Incorporated was incorporated in 2006 and is headquartered in San Mateo, California.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on COUP. Evercore ISI reduced their price objective on Coupa Software from $140.00 to $115.00 and set an "outperform" rating for the company in a report on Tuesday, June 7th. UBS Group decreased their price objective on Coupa Software to $84.00 in a report on Friday, June 3rd. BMO Capital Markets decreased their price objective on Coupa Software from $110.00 to $85.00 in a report on Tuesday, June 7th. KeyCorp cut their target price on Coupa Software from $100.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, July 7th. Finally, The Goldman Sachs Group cut Coupa Software from a "neutral" rating to a "sell" rating and cut their target price for the stock from $83.00 to $64.00 in a research note on Thursday, May 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $99.39.
Coupa Software Trading Up 1.1 %
NASDAQ:COUP opened at $76.50 on Monday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 6.42. The firm has a fifty day simple moving average of $63.63 and a 200-day simple moving average of $88.21. Coupa Software has a 12 month low of $50.54 and a 12 month high of $270.79. The company has a market capitalization of $5.78 billion, a P/E ratio of -15.81 and a beta of 1.48.
Coupa Software (NASDAQ:COUP - Get Rating) last posted its quarterly earnings results on Monday, June 6th. The technology company reported ($0.62) earnings per share for the quarter, missing analysts' consensus estimates of ($0.57) by ($0.05). The business had revenue of $196.37 million for the quarter, compared to analyst estimates of $190.69 million. Coupa Software had a negative return on equity of 17.87% and a negative net margin of 47.72%. The business's revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.57) earnings per share. On average, equities research analysts anticipate that Coupa Software will post -2.63 earnings per share for the current year.
Insider Buying and Selling
In other Coupa Software news, CAO Maurizio Baratta sold 598 shares of the stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $55.11, for a total value of $32,955.78. Following the sale, the chief accounting officer now directly owns 4,170 shares of the company's stock, valued at approximately $229,808.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Coupa Software news, CEO Robert Bernshteyn sold 8,076 shares of the firm's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $55.11, for a total transaction of $445,068.36. Following the completion of the transaction, the chief executive officer now directly owns 245,620 shares in the company, valued at approximately $13,536,118.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Maurizio Baratta sold 598 shares of the firm's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $55.11, for a total transaction of $32,955.78. Following the transaction, the chief accounting officer now owns 4,170 shares of the company's stock, valued at $229,808.70. The disclosure for this sale can be found here. Insiders have sold a total of 20,113 shares of company stock valued at $1,210,703 in the last ninety days. Company insiders own 2.20% of the company's stock.
