Coupa Software (NASDAQ:COUP) Given New $158.00 Price Target at Barclays

Coupa Software (NASDAQ:COUP) had its price target lowered by Barclays from $186.00 to $158.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has an equal weight rating on the technology company’s stock.

COUP has been the subject of several other reports. dropped their target price on Coupa Software from $325.00 to $210.00 and set a buy rating for the company in a research report on Tuesday, December 7th. Raymond James dropped their target price on Coupa Software from $315.00 to $195.00 and set an outperform rating for the company in a research report on Tuesday, December 7th. The Goldman Sachs Group initiated coverage on Coupa Software in a research report on Monday, December 13th. They issued a buy rating and a $251.00 target price for the company. Oppenheimer dropped their target price on Coupa Software from $275.00 to $225.00 and set an outperform rating for the company in a research report on Tuesday, December 7th. Finally, Susquehanna assumed coverage on Coupa Software in a research report on Tuesday, November 16th. They set a positive rating for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Coupa Software currently has a consensus rating of Buy and a consensus target price of $226.05.

COUP opened at $138.44 on Wednesday. Coupa Software has a 52-week low of $134.00 and a 52-week high of $377.04. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.82 and a quick ratio of 0.82. The business’s fifty day moving average is $177.08 and its 200-day moving average is $216.01.

Coupa Software (NASDAQ:COUP) last released its quarterly earnings data on Monday, December 6th. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.29. The business had revenue of $185.82 million for the quarter, compared to analyst estimates of $177.88 million. Coupa Software had a negative return on equity of 15.58% and a negative net margin of 49.52%. Coupa Software’s revenue was up 39.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.34) earnings per share. On average, research analysts expect that Coupa Software will post -1.94 earnings per share for the current year.

In other Coupa Software news, CEO Robert Bernshteyn sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, October 18th. The stock was sold at an average price of $249.80, for a total value of $12,490,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Riggs sold 2,494 shares of the firm’s stock in a transaction that occurred on Wednesday, December 8th. The shares were sold at an average price of $167.93, for a total value of $418,817.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 118,695 shares of company stock valued at $26,568,973. 2.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in COUP. Jacobi Capital Management LLC acquired a new stake in Coupa Software in the second quarter valued at approximately $30,000. Harbor Investment Advisory LLC purchased a new position in shares of Coupa Software during the third quarter valued at approximately $37,000. Liberty Wealth Management LLC boosted its position in shares of Coupa Software by 26,110.5% during the second quarter. Liberty Wealth Management LLC now owns 9,960 shares of the technology company’s stock valued at $38,000 after buying an additional 9,922 shares during the last quarter. SRS Capital Advisors Inc. boosted its position in Coupa Software by 49.6% in the third quarter. SRS Capital Advisors Inc. now owns 196 shares of the technology company’s stock worth $43,000 after purchasing an additional 65 shares during the last quarter. Finally, Berman Capital Advisors LLC boosted its position in Coupa Software by 195.7% in the third quarter. Berman Capital Advisors LLC now owns 204 shares of the technology company’s stock worth $44,000 after purchasing an additional 135 shares during the last quarter.

Coupa Software Company Profile

Coupa Software, Inc engages in the provision of business spend management (BSM) solutions. Its products include invoice, expense, pay, spend analysis, strategic sourcing, contract management contingent workforce, and supplier management. The company was founded by Noah Eisner and Dave Stephens in 2006 and is headquartered in San Mateo, CA.

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