SunTrust Banks reaffirmed their buy rating on shares of Coupa Software (NASDAQ:COUP) in a research note issued to investors on Monday, Stock Target Advisor reports. SunTrust Banks currently has a $170.00 price target on the technology company’s stock. SunTrust Banks also issued estimates for Coupa Software’s Q4 2020 earnings at ($0.27) EPS, FY2020 earnings at ($0.81) EPS, Q1 2021 earnings at ($0.24) EPS, Q2 2021 earnings at ($0.24) EPS, Q3 2021 earnings at ($0.21) EPS, Q4 2021 earnings at ($0.22) EPS, FY2021 earnings at ($0.91) EPS and FY2022 earnings at ($0.65) EPS.
Other analysts also recently issued reports about the stock. Piper Jaffray Companies assumed coverage on shares of Coupa Software in a report on Monday, October 28th. They issued an overweight rating and a $150.00 price objective on the stock. Cantor Fitzgerald set a $166.00 price target on Coupa Software and gave the stock a buy rating in a research report on Wednesday, September 4th. Canaccord Genuity initiated coverage on Coupa Software in a research note on Thursday, September 12th. They set a buy rating and a $171.00 price objective for the company. Wedbush boosted their price objective on Coupa Software from $168.00 to $180.00 and gave the company an outperform rating in a report on Wednesday, September 4th. Finally, Raymond James upped their target price on Coupa Software from $115.00 to $150.00 and gave the stock an outperform rating in a research note on Wednesday, September 4th. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $160.35.
COUP stock traded down $2.02 during midday trading on Monday, reaching $150.97. The stock had a trading volume of 45,354 shares, compared to its average volume of 1,684,764. The stock has a market cap of $9.65 billion, a PE ratio of -225.70 and a beta of 1.59. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.13 and a current ratio of 2.13. The firm has a fifty day simple moving average of $140.08 and a two-hundred day simple moving average of $135.14. Coupa Software has a 52-week low of $52.02 and a 52-week high of $159.97.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Monday, December 2nd. The technology company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.14. Coupa Software had a negative return on equity of 13.73% and a negative net margin of 20.91%. The business had revenue of $101.78 million for the quarter, compared to the consensus estimate of $96.20 million. During the same quarter in the previous year, the business earned $0.08 EPS. The company’s quarterly revenue was up 50.9% compared to the same quarter last year. On average, sell-side analysts predict that Coupa Software will post -1.01 EPS for the current fiscal year.
In other news, CAO Anthony D. Tiscornia sold 260 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $143.41, for a total transaction of $37,286.60. Following the completion of the sale, the chief accounting officer now owns 359 shares of the company’s stock, valued at $51,484.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Riggs sold 930 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $149.31, for a total transaction of $138,858.30. Following the completion of the sale, the insider now owns 2,685 shares of the company’s stock, valued at $400,897.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 302,794 shares of company stock valued at $42,521,925. Insiders own 5.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JS Capital Management LLC purchased a new position in Coupa Software in the 3rd quarter worth approximately $1,296,000. Man Group plc lifted its position in Coupa Software by 46.0% during the third quarter. Man Group plc now owns 28,309 shares of the technology company’s stock worth $3,668,000 after buying an additional 8,925 shares in the last quarter. Squarepoint Ops LLC lifted its position in Coupa Software by 285.3% during the third quarter. Squarepoint Ops LLC now owns 97,445 shares of the technology company’s stock worth $12,626,000 after buying an additional 72,153 shares in the last quarter. Vista Equity Partners Management LLC boosted its stake in Coupa Software by 96.0% during the third quarter. Vista Equity Partners Management LLC now owns 141,096 shares of the technology company’s stock worth $18,282,000 after buying an additional 69,117 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its stake in Coupa Software by 43.8% during the third quarter. Voloridge Investment Management LLC now owns 93,832 shares of the technology company’s stock worth $12,158,000 after buying an additional 28,578 shares during the last quarter.
Coupa Software Company Profile
Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.
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