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 Price Performance

Shares of NASDAQ:COUP traded down $3.59 during midday trading on Thursday, hitting $73.53. 55,626 shares of the company's stock were exchanged, compared to its average volume of 1,266,598. The business's fifty day moving average price is $64.00 and its two-hundred day moving average price is $87.69. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 6.42. Coupa Software has a 12-month low of $50.54 and a 12-month high of $270.79.

Coupa Software (NASDAQ:COUP - Get Rating) last released its earnings results on Monday, June 6th. The technology company reported ($0.62) EPS for the quarter, missing analysts' consensus estimates of ($0.57) by ($0.05). Coupa Software had a negative net margin of 47.72% and a negative return on equity of 17.87%. The firm had revenue of $196.37 million during the quarter, compared to the consensus estimate of $190.69 million. During the same period in the prior year, the company earned ($0.57) EPS. The firm's revenue was up 17.6% compared to the same quarter last year. As a group, analysts expect that Coupa Software will post -2.63 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group lowered shares of Coupa Software from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $83.00 to $64.00 in a report on Thursday, May 12th. KeyCorp decreased their price objective on Coupa Software from $100.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, July 7th. Barclays cut their target price on Coupa Software from $90.00 to $85.00 and set an "equal weight" rating on the stock in a report on Tuesday, June 7th. Piper Sandler dropped their price objective on shares of Coupa Software from $85.00 to $65.00 and set a "neutral" rating on the stock in a research note on Monday, July 18th. Finally, BMO Capital Markets decreased their target price on shares of Coupa Software from $110.00 to $85.00 in a research report on Tuesday, June 7th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $99.39.

Insiders Place Their Bets

In other news, insider Mark Riggs sold 5,018 shares of the company's stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $75.32, for a total value of $377,955.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Coupa Software news, insider Mark Riggs sold 5,018 shares of Coupa Software stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $75.32, for a total value of $377,955.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,113 shares of company stock valued at $1,210,703. 2.20% of the stock is currently owned by corporate insiders.