Coupa Software Incorporated [NASDAQ: COUP] price surged by 3.34 percent to reach at $8.26. The company report on November 3, 2020 that Coupa Software Announces Proposed Public Offering of Common Stock by Selling Stockholders.
Coupa Software Incorporated (Nasdaq: COUP) (“Coupa”) announced today the launch of a proposed underwritten public offering of 2,149,008 shares of its common stock. All of the shares are being offered by existing stockholders and Coupa Software will not receive any of the proceeds from the offering. The selling stockholders include funds affiliated with TPG Global, LLC, The Goldman Sachs Group, Inc. and MK Capital. Goldman Sachs & Co. LLC is serving as sole underwriter for the offering.
An automatic shelf registration statement (including a prospectus) relating to the shares to be sold in the offering was filed with the Securities and Exchange Commission (“SEC”) on November 2, 2020, and became effective upon filing. The offering may be made only by means of a prospectus supplement and the accompanying prospectus. You may obtain these documents for free by visiting the SEC’s website at www.sec.gov. Additionally, copies of the preliminary prospectus supplement and accompanying prospectus may be obtained from Goldman Sachs & Co. LLC Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing Prospectusemail@example.com. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC. The offering of the shares by the underwriter is subject to receipt and acceptance and subject to the underwriter’s right to reject any order in whole or in part.
A sum of 2038340 shares traded at recent session while its average daily volume was at 1.19M shares. Coupa Software Incorporated shares reached a high of $258.43 and dropped to a low of $244.73 until finishing in the latest session at $255.55.
The one-year COUP stock forecast points to a potential upside of 9.43. The average equity rating for COUP stock is currently 2.30, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Coupa Software Incorporated [COUP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COUP shares is $282.15 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COUP stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Deutsche Bank have made an estimate for Coupa Software Incorporated shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 09, 2020. The new note on the price target was released on October 06, 2020, representing the official price target for Coupa Software Incorporated stock. Previously, the target price had yet another raise from $256 to $300, while Needham kept a Buy rating on COUP stock.
The Average True Range (ATR) for Coupa Software Incorporated is set at 12.35, with the Price to Sales ratio for COUP stock in the period of the last 12 months amounting to 40.52. The Price to Book ratio for the last quarter was 40.44, with the Price to Cash per share for the same quarter was set at 18.46. Price to Free Cash Flow for COUP in the course of the last twelve months was 250.69 with Quick ratio for the last quarter at 1.60.
COUP Stock Performance Analysis:
Coupa Software Incorporated [COUP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.49. With this latest performance, COUP shares dropped by -9.67% in over the last four-week period, additionally plugging by 33.80% over the last 6 months – not to mention a rise of 86.94% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for COUP stock in for the last two-week period is set at 32.69, with the RSI for the last a single of trading hit 27.65, and the three-weeks RSI is set at 38.21 for Coupa Software Incorporated [COUP]. The present Moving Average for the last 50 days of trading for this stock 286.08, while it was recorded at 267.63 for the last single week of trading, and 228.79 for the last 200 days.
Insight into Coupa Software Incorporated Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Coupa Software Incorporated [COUP] shares currently have an operating margin of -17.92 and a Gross Margin at +62.65. Coupa Software Incorporated’s Net Margin is presently recorded at -23.31.
Return on Total Capital for COUP is now -8.05, given the latest momentum, and Return on Invested Capital for the company is -13.32. Return on Equity for this stock declined to -23.94, with Return on Assets sitting at -7.78. When it comes to the capital structure of this company, Coupa Software Incorporated [COUP] has a Total Debt to Total Equity ratio set at 179.57. Additionally, COUP Total Debt to Total Capital is recorded at 64.23, with Total Debt to Total Assets ending up at 50.20. Long-Term Debt to Equity for the company is recorded at 135.74, with the Long-Term Debt to Total Capital now at 48.55.
Reflecting on the efficiency of the workforce at the company, Coupa Software Incorporated [COUP] managed to generate an average of -$53,652 per employee. Receivables Turnover for the company is 3.65 with a Total Asset Turnover recorded at a value of 0.33.Coupa Software Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.
COUP Stock EPS
With the latest financial reports released by the company, Coupa Software Incorporated posted 0.2/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 233.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for COUP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Coupa Software Incorporated go to 25.20%.
Coupa Software Incorporated [COUP] Insider Position Details
There are presently around $18,338 million, in the hands of institutional investors. The top three institutional holders of COUP stocks are: MORGAN STANLEY with ownership of 8,483,740, which is approximately 1.738% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 6,187,449 shares of the stock with an approximate value of $1.58 billion in COUP stocks shares; and BLACKROCK INC., currently with $1.33 billion in COUP stock with ownership of nearly 41.723% of the company’s market capitalization.
Positions in Coupa Software Incorporated stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 252 institutional holders increased their position in Coupa Software Incorporated [NASDAQ:COUP] by around 11,624,233 shares. Additionally, 183 investors decreased positions by around 10,638,043 shares, while 40 investors held positions by with 49,497,038 shares. The mentioned changes placed institutional holdings at 71,759,314 shares, according to the latest SEC report filing. COUP stock had 107 new institutional investments in for a total of 3,839,983 shares, while 59 institutional investors sold positions of 3,534,855 shares during the same period.