Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford sold 12,000 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $35.27, for a total transaction of $423,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Coupa Software Inc (NASDAQ:COUP) opened at $37.69 on Friday. Coupa Software Inc has a 12 month low of $22.50 and a 12 month high of $38.06.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.06. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.40%. The business had revenue of $47.30 million for the quarter, compared to analysts’ expectations of $45.02 million. During the same period in the prior year, the company posted ($0.22) EPS. The business’s revenue for the quarter was up 33.6% on a year-over-year basis. analysts predict that Coupa Software Inc will post -0.94 earnings per share for the current year.
Several large investors have recently bought and sold shares of COUP. Vanguard Group Inc. grew its stake in shares of Coupa Software by 260.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock worth $78,254,000 after purchasing an additional 1,950,862 shares during the period. Sylebra HK Co Ltd boosted its position in shares of Coupa Software by 79.9% in the 3rd quarter. Sylebra HK Co Ltd now owns 2,166,792 shares of the technology company’s stock worth $67,496,000 after buying an additional 962,418 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Coupa Software in the 3rd quarter worth about $24,428,000. Voya Investment Management LLC purchased a new stake in shares of Coupa Software in the 2nd quarter worth about $22,196,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Coupa Software in the 2nd quarter worth about $18,242,000. 74.67% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have issued reports on the stock. CIBC assumed coverage on shares of Coupa Software in a research note on Friday, December 22nd. They issued an “outperform” rating and a $41.00 price objective on the stock. Northland Securities set a $41.00 price objective on shares of Coupa Software and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research cut shares of Coupa Software from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Barclays reissued a “hold” rating and issued a $38.00 price objective (up from $34.00) on shares of Coupa Software in a research note on Monday, November 27th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $36.00 price objective on shares of Coupa Software in a research note on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. Coupa Software presently has a consensus rating of “Buy” and an average target price of $36.87.
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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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