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Coupa Software program (NASDAQ:COUP) Now Coated by Analysts at Credit score Suisse Group

Inventory analysts at Credit score Suisse Group started protection on shares of Coupa Software program (NASDAQ:COUP – Get Score) in a analysis report issued to purchasers and traders on Friday, The Fly experiences. The agency set an “underperform” score and a $60.00 value goal on the know-how firm’s inventory. Credit score Suisse Group’s value goal signifies a possible draw back of three.51% from the corporate’s earlier shut.

A number of different equities analysis analysts have additionally lately commented on COUP. DA Davidson lowered their value goal on shares of Coupa Software program from $75.00 to $70.00 and set a “impartial” score for the corporate in a analysis report on Wednesday, September seventh. Barclays minimize their value goal on Coupa Software program from $85.00 to $71.00 and set an “equal weight” score on the inventory in a analysis observe on Wednesday, September seventh. Morgan Stanley dropped their value goal on Coupa Software program from $99.00 to $94.00 and set an “chubby” score for the corporate in a report on Tuesday, August sixteenth. Citigroup raised their goal value on Coupa Software program from $77.00 to $82.00 in a report on Wednesday, September seventh. Lastly, KeyCorp lowered their value goal on Coupa Software program from $75.00 to $70.00 and set an “chubby” score for the corporate in a analysis observe on Tuesday, August thirtieth. 4 funding analysts have rated the inventory with a promote score, eight have issued a maintain score and eleven have given a purchase score to the corporate. In keeping with knowledge from MarketBeat, Coupa Software program has a consensus score of “Maintain” and a consensus goal value of $90.35.

Coupa Software program Worth Efficiency

Shares of COUP inventory opened at $62.18 on Friday. Coupa Software program has a 1 yr low of $50.54 and a 1 yr excessive of $259.90. The corporate has a present ratio of 1.82, a fast ratio of 1.82 and a debt-to-equity ratio of 6.81. The agency’s 50-day shifting common is $66.67 and its 200-day shifting common is $75.11. The agency has a market capitalization of $4.72 billion, a price-to-earnings ratio of -13.55 and a beta of 1.50.

Coupa Software program (NASDAQ:COUP – Get Score) final launched its earnings outcomes on Tuesday, September sixth. The know-how firm reported $0.20 EPS for the quarter, beating the consensus estimate of $0.09 by $0.11. Coupa Software program had a detrimental return on fairness of 24.29% and a detrimental internet margin of 43.73%. The corporate had income of $211.10 million throughout the quarter, in comparison with analysts’ expectations of $203.99 million. Throughout the identical interval final yr, the agency earned ($0.35) EPS. The enterprise’s income for the quarter was up 17.8% on a year-over-year foundation. Promote-side analysts forecast that Coupa Software program will publish -2.27 EPS for the present fiscal yr.

Insider Exercise at Coupa Software program

In associated information, insider Mark Riggs offered 5,018 shares of Coupa Software program inventory in a transaction that occurred on Wednesday, August third. The inventory was offered at a mean value of $75.32, for a complete worth of $377,955.76. The sale was disclosed in a doc filed with the SEC, which is accessible at this hyperlink. In different Coupa Software program information, insider Mark Riggs offered 5,018 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, August third. The inventory was offered at a mean value of $75.32, for a complete transaction of $377,955.76. The transaction was disclosed in a doc filed with the SEC, which is accessible by way of the SEC web site. Additionally, CEO Robert Bernshteyn offered 8,074 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, September twenty first. The inventory was offered at a mean value of $66.20, for a complete worth of $534,498.80. Following the transaction, the chief government officer now instantly owns 252,274 shares within the firm, valued at roughly $16,700,538.80. The disclosure for this sale may be discovered right here. Within the final quarter, insiders have offered 19,620 shares of firm inventory valued at $1,342,253. 2.20% of the inventory is owned by insiders.

Institutional Inflows and Outflows

A number of institutional traders have lately made adjustments to their positions within the inventory. Comerica Financial institution elevated its place in shares of Coupa Software program by 1.5% throughout the 2nd quarter. Comerica Financial institution now owns 11,274 shares of the know-how firm’s inventory price $697,000 after buying a further 167 shares over the last quarter. Customary Household Workplace LLC acquired a brand new place in shares of Coupa Software program throughout the 4th quarter price roughly $32,000. Daiwa Securities Group Inc. elevated its holdings in shares of Coupa Software program by 5.6% throughout the 1st quarter. Daiwa Securities Group Inc. now owns 3,780 shares of the know-how firm’s inventory price $384,000 after buying a further 200 shares over the last quarter. Fernwood Funding Administration LLC elevated its holdings in shares of Coupa Software program by 3.2% throughout the 1st quarter. Fernwood Funding Administration LLC now owns 6,840 shares of the know-how firm’s inventory price $695,000 after buying a further 213 shares over the last quarter. Lastly, Arizona State Retirement System elevated its holdings in shares of Coupa Software program by 1.1% throughout the 2nd quarter. Arizona State Retirement System now owns 20,843 shares of the know-how firm’s inventory price $1,190,000 after buying a further 228 shares over the last quarter.

Coupa Software program Firm Profile

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Coupa Software program Included gives cloud-based enterprise spend administration platform that connects its prospects with suppliers worldwide. The corporate gives visibility into and management over how corporations spend cash, optimize provide chains, and handle liquidity, in addition to allows companies to realize financial savings that drive profitability.

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Analyst Recommendations for Coupa Software (NASDAQ:COUP)

This immediate information alert was generated by narrative science know-how and monetary knowledge from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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