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.

Wall Street Analyst Weigh In

Several research firms have weighed in on COUP. Evercore ISI lowered their price target on Coupa Software from $140.00 to $115.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 7th. Raymond James boosted their price target on Coupa Software from $75.00 to $90.00 in a research report on Tuesday, June 7th. BMO Capital Markets lowered their price target on Coupa Software from $110.00 to $85.00 in a research report on Tuesday, June 7th. DA Davidson began coverage on Coupa Software in a research report on Thursday, May 19th. They set a "neutral" rating and a $75.00 price target on the stock. Finally, Piper Sandler lowered 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. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $99.39.

Coupa Software Stock Performance

COUP traded up $0.24 during trading on Monday, hitting $75.84. The stock had a trading volume of 506,925 shares, compared to its average volume of 2,140,303. The company has a 50 day moving average price of $64.13 and a 200-day moving average price of $86.15. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of -15.67 and a beta of 1.48. Coupa Software has a one year low of $50.54 and a one year high of $270.79. The company has a debt-to-equity ratio of 6.42, a current ratio of 1.81 and a quick ratio of 1.81.

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

Insider Buying and Selling at Coupa Software

In other Coupa Software news, CAO Maurizio Baratta sold 598 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 value 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 approximately $229,808.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Maurizio Baratta sold 598 shares of the business's stock in a transaction on 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 owns 4,170 shares of the company's stock, valued at approximately $229,808.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert Bernshteyn sold 8,076 shares of the business's stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $55.11, for a total value of $445,068.36. Following the transaction, the chief executive officer now directly owns 245,620 shares of the company's stock, valued at approximately $13,536,118.20. The disclosure for this sale can be found here. Insiders sold 20,113 shares of company stock valued at $1,210,703 in the last three months. Corporate insiders own 2.20% of the company's stock.