Coupa Software (NASDAQ:COUP) CFO Todd R. Ford sold 12,000 shares of Coupa Software stock in a transaction on Friday, November 17th. The shares were sold at an average price of $34.03, for a total transaction of $408,360.00. Following the completion of the transaction, the chief financial officer now directly owns 17,349 shares of the company’s stock, valued at approximately $590,386.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Coupa Software (NASDAQ:COUP) opened at $32.85 on Friday. Coupa Software has a 52 week low of $22.50 and a 52 week high of $37.72.
Coupa Software (NASDAQ:COUP) last released its quarterly earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. The business had revenue of $47.30 million for the quarter, compared to the consensus estimate of $45.02 million. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.71%. The business’s revenue was up 33.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.22) EPS. research analysts predict that Coupa Software will post -1 earnings per share for the current year.
Several brokerages have recently issued reports on COUP. Royal Bank Of Canada lifted their target price on shares of Coupa Software from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Wednesday, September 6th. Barclays restated a “hold” rating and set a $38.00 price target (up from $34.00) on shares of Coupa Software in a research report on Monday, November 27th. Cantor Fitzgerald restated a “buy” rating and set a $36.00 price target on shares of Coupa Software in a research report on Tuesday. Zacks Investment Research lowered shares of Coupa Software from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Finally, ValuEngine upgraded shares of Coupa Software from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $35.69.
Several institutional investors have recently added to or reduced their stakes in COUP. Bank of New York Mellon Corp raised its stake in shares of Coupa Software by 31.5% in the 1st quarter. Bank of New York Mellon Corp now owns 27,189 shares of the technology company’s stock valued at $691,000 after acquiring an additional 6,513 shares during the period. American International Group Inc. purchased a new stake in shares of Coupa Software in the 1st quarter valued at approximately $132,000. Vanguard Group Inc. raised its stake in shares of Coupa Software by 27.5% in the 1st quarter. Vanguard Group Inc. now owns 749,441 shares of the technology company’s stock valued at $19,035,000 after acquiring an additional 161,830 shares during the period. Geode Capital Management LLC raised its stake in shares of Coupa Software by 6.5% in the 1st quarter. Geode Capital Management LLC now owns 98,463 shares of the technology company’s stock valued at $2,500,000 after acquiring an additional 5,967 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Coupa Software by 5.1% in the 1st 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 during the period. 76.68% of the stock is currently owned by institutional investors and hedge funds.
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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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