Coupa Software - COUP Stock Forecast, Price & News

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.

Coupa Software Trading Up 1.1 %

Coupa Software stock traded up $0.84 on Friday, hitting $76.50. 1,128,190 shares of the stock traded hands, compared to its average volume of 1,315,864. Coupa Software has a 1 year low of $50.54 and a 1 year high of $270.79. The company has a debt-to-equity ratio of 6.42, a quick ratio of 1.81 and a current ratio of 1.81. The business's fifty day simple moving average is $63.63 and its 200 day simple moving average is $88.52.

Coupa Software (NASDAQ:COUP - Get Rating) last issued its quarterly earnings results on Monday, June 6th. The technology company reported ($0.62) earnings per share (EPS) 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 analysts' expectations of $190.69 million. Coupa Software had a negative net margin of 47.72% and a negative return on equity of 17.87%. The company's revenue was up 17.6% on a year-over-year basis. During the same period last year, the business earned ($0.57) earnings per share. Research analysts expect that Coupa Software will post -2.63 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on COUP. Piper Sandler reduced their price target on Coupa Software from $85.00 to $65.00 and set a "neutral" rating on the stock in a research report on Monday, July 18th. BMO Capital Markets cut their target price on shares of Coupa Software from $110.00 to $85.00 in a report on Tuesday, June 7th. Bank of America lowered their price target on shares of Coupa Software from $120.00 to $96.00 and set a "buy" rating for the company in a report on Tuesday, May 31st. UBS Group cut their price target on shares of Coupa Software to $84.00 in a report on Friday, June 3rd. Finally, DA Davidson began coverage on shares of Coupa Software in a research report on Thursday, May 19th. They issued a "neutral" rating and a $75.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Coupa Software currently has an average rating of "Hold" and a consensus target price of $99.39.

Insider Buying and Selling

In other Coupa Software news, CFO Todd R. Ford sold 1,940 shares of Coupa Software stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $55.11, for a total transaction of $106,913.40. Following the completion of the transaction, the chief financial officer now owns 30,884 shares in the company, valued at $1,702,017.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Coupa Software news, CFO Todd R. Ford sold 1,940 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 $106,913.40. Following the completion of the sale, the chief financial officer now directly owns 30,884 shares in the company, valued at approximately $1,702,017.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Maurizio Baratta sold 598 shares of Coupa Software stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $55.11, for a total transaction of $32,955.78. Following the completion of the transaction, the chief accounting officer now directly 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 20,113 shares of company stock worth $1,210,703 in the last 90 days. Insiders own 2.20% of the company's stock.