Coupa (COUP) Lowered to “Equal Weight” at Barclays

Coupa (NASDAQ:COUP) was downgraded by stock analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Friday, The Fly reports.

A number of other equities research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Coupa from a “sell” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley lifted their price target on shares of Coupa from $49.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 9th. ValuEngine upgraded shares of Coupa from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Goldman Sachs began coverage on shares of Coupa in a research report on Monday, April 23rd. They set a “buy” rating and a $60.00 price target for the company. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of Coupa in a research report on Friday, April 13th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $47.12.

Shares of Coupa opened at $51.48 on Friday, MarketBeat Ratings reports. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 0.68. Coupa has a 12 month low of $53.58 and a 12 month high of $54.47. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of -67.74 and a beta of 1.15.

Coupa (NASDAQ:COUP) last issued its earnings results on Monday, March 12th. The technology company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.17. Coupa had a negative net margin of 23.45% and a negative return on equity of 19.30%. The company had revenue of $53.80 million for the quarter, compared to the consensus estimate of $48.64 million. During the same period in the previous year, the firm earned ($0.05) earnings per share. Coupa’s quarterly revenue was up 41.5% compared to the same quarter last year. research analysts anticipate that Coupa will post -1.16 EPS for the current fiscal year.

In related news, CEO Robert Bernshteyn sold 63,225 shares of Coupa stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $46.46, for a total value of $2,937,433.50. Following the completion of the transaction, the chief executive officer now owns 197,244 shares in the company, valued at $9,163,956.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Todd R. Ford sold 112,500 shares of Coupa stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $46.21, for a total transaction of $5,198,625.00. The disclosure for this sale can be found here. Insiders sold 317,045 shares of company stock valued at $14,957,719 in the last 90 days. Company insiders own 6.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. StepStone Group LP acquired a new position in shares of Coupa in the first quarter valued at approximately $186,000. Ensemble Capital Management LLC acquired a new position in shares of Coupa in the fourth quarter valued at approximately $203,000. Virtu Financial LLC acquired a new position in shares of Coupa in the fourth quarter valued at approximately $233,000. Essex Investment Management Co. LLC acquired a new position in shares of Coupa in the fourth quarter valued at approximately $242,000. Finally, Personal Capital Advisors Corp acquired a new position in shares of Coupa in the fourth quarter valued at approximately $261,000. Hedge funds and other institutional investors own 86.27% of the company’s stock.

About Coupa

Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.

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