Coupa (COUP) Reaches New 1-Year High and Low at $50.90

Coupa (NASDAQ:COUP)’s share price hit a new 52-week high and low on Tuesday . The stock traded as low as $50.90 and last traded at $47.70, with a volume of 652704 shares changing hands. The stock had previously closed at $49.70.

COUP has been the topic of several research analyst reports. JPMorgan Chase reissued a “neutral” rating and issued a $38.00 target price (up previously from $32.00) on shares of Coupa in a report on Tuesday, March 13th. SunTrust Banks boosted their target price on shares of Coupa to $56.00 and gave the stock a “buy” rating in a report on Tuesday, March 13th. Needham & Company LLC set a $55.00 target price on shares of Coupa and gave the stock a “buy” rating in a report on Tuesday, March 13th. Morgan Stanley reissued an “equal weight” rating and issued a $49.00 target price (up previously from $42.00) on shares of Coupa in a report on Tuesday, March 13th. Finally, Zacks Investment Research downgraded shares of Coupa from a “buy” rating to a “hold” rating in a report on Monday, March 12th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Coupa has an average rating of “Buy” and a consensus price target of $46.94.

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The company has a market cap of $2,642.87, a PE ratio of -62.13 and a beta of 1.12. The company has a debt-to-equity ratio of 0.68, a quick ratio of 3.18 and a current ratio of 3.18.



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

In other Coupa news, CFO Todd R. Ford sold 12,500 shares of the business’s stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of $48.40, for a total transaction of $605,000.00. Following the transaction, the chief financial officer now owns 21,872 shares in the company, valued at $1,058,604.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Todd R. Ford sold 112,500 shares of the business’s stock in a transaction 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. In the last ninety days, insiders have sold 403,510 shares of company stock worth $18,344,058. 32.10% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Highland Capital Management LP bought a new position in Coupa during the fourth quarter valued at $3,122,000. Hershey Trust Co. increased its position in Coupa by 1,252.0% during the fourth quarter. Hershey Trust Co. now owns 25,025 shares of the technology company’s stock valued at $781,000 after acquiring an additional 23,174 shares during the last quarter. Deutsche Bank AG increased its position in Coupa by 32.1% during the fourth quarter. Deutsche Bank AG now owns 401,945 shares of the technology company’s stock valued at $12,547,000 after acquiring an additional 97,642 shares during the last quarter. Monashee Investment Management LLC bought a new position in Coupa during the fourth quarter valued at $1,405,000. Finally, Teacher Retirement System of Texas bought a new position in Coupa during the fourth quarter valued at $283,000. Institutional investors and hedge funds own 85.94% of the company’s stock.

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Coupa Company Profile

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 under management; and offers supporting modules, including sourcing, analytics, contract management, supplier management, inventory management, and storefront that help companies further manage their spend.

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