Coupa Software (NASDAQ:COUP) CFO Todd R. Ford sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $35.50, for a total value of $426,000.00. Following the transaction, the chief financial officer now directly owns 17,349 shares in the company, valued at approximately $615,889.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Coupa Software (NASDAQ:COUP) opened at 34.46 on Friday. The firm’s market capitalization is $1.85 billion. The stock’s 50 day moving average is $33.07 and its 200-day moving average is $33.07. Coupa Software has a 52-week low of $23.52 and a 52-week high of $36.43.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data on Tuesday, September 5th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.18. The business had revenue of $44.60 million during the quarter, compared to analysts’ expectations of $41.59 million. Coupa Software had a negative net margin of 24.00% and a negative return on equity of 19.01%. Coupa Software’s revenue for the quarter was up 43.4% compared to the same quarter last year. On average, equities analysts forecast that Coupa Software will post ($0.48) earnings per share for the current fiscal year.
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A number of equities analysts recently issued reports on COUP shares. Cantor Fitzgerald started coverage on Coupa Software in a report on Thursday, July 20th. They set an “overweight” rating and a $35.00 price target on the stock. Northland Securities reissued a “buy” rating and set a $38.00 price target on shares of Coupa Software in a report on Thursday, August 10th. ValuEngine raised Coupa Software from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Zacks Investment Research lowered Coupa Software from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Finally, First Analysis assumed coverage on Coupa Software in a report on Monday, August 7th. They issued an “overweight” rating and a $37.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $35.16.
Several institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors boosted its holdings in shares of Coupa Software by 22.7% in the first quarter. Nationwide Fund Advisors now owns 5,131 shares of the technology company’s stock valued at $130,000 after acquiring an additional 949 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Coupa Software by 5.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 28,056 shares of the technology company’s stock valued at $713,000 after acquiring an additional 1,368 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Coupa Software by 1.2% in the first quarter. JPMorgan Chase & Co. now owns 207,666 shares of the technology company’s stock valued at $5,274,000 after acquiring an additional 2,560 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Coupa Software by 2,294.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock valued at $106,000 after acquiring an additional 3,511 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Coupa Software in the second quarter valued at approximately $142,000. Institutional investors and hedge funds own 63.63% of the company’s stock.
Coupa Software Company Profile
Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.
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