Todd R. Ford Sells 12,000 Shares of Coupa Software Inc (COUP) Stock

Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford sold 12,000 shares of Coupa Software stock in a transaction on Friday, February 16th. The shares were sold at an average price of $41.69, for a total transaction of $500,280.00. Following the completion of the sale, the chief financial officer now owns 18,636 shares in the company, valued at $776,934.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Coupa Software Inc (NASDAQ COUP) opened at $42.70 on Friday. Coupa Software Inc has a twelve month low of $22.50 and a twelve month high of $43.83.

Coupa Software (NASDAQ:COUP) last announced its earnings results on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.06. The business had revenue of $47.30 million during 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 20.40%. Coupa Software’s revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.22) EPS. research analysts anticipate that Coupa Software Inc will post -0.94 earnings per share for the current year.

COUP has been the topic of several recent research reports. Royal Bank of Canada reiterated a “buy” rating and issued a $41.00 price target on shares of Coupa Software in a research note on Wednesday, November 15th. Barclays restated a “hold” rating and set a $38.00 price objective (up from $34.00) on shares of Coupa Software in a research note on Monday, November 27th. CIBC started coverage on shares of Coupa Software in a research note on Friday, December 22nd. They set an “outperform” rating and a $41.00 price objective on the stock. Raymond James Financial restated a “buy” rating and set a $40.00 price objective on shares of Coupa Software in a research note on Tuesday, December 12th. Finally, Oppenheimer started coverage on shares of Coupa Software in a research note on Thursday, December 21st. They set a “buy” rating and a $41.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.20.

Several hedge funds have recently made changes to their positions in the stock. Sylebra HK Co Ltd boosted its holdings in shares of Coupa Software by 82.9% during the 4th quarter. Sylebra HK Co Ltd now owns 3,962,308 shares of the technology company’s stock worth $123,703,000 after buying an additional 1,795,516 shares during the period. Vanguard Group Inc. boosted its holdings in Coupa Software by 260.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock valued at $78,254,000 after purchasing an additional 1,950,862 shares during the period. BlackRock Inc. boosted its holdings in Coupa Software by 1.2% in the 4th quarter. BlackRock Inc. now owns 1,878,010 shares of the technology company’s stock valued at $58,631,000 after purchasing an additional 22,441 shares during the period. Victory Capital Management Inc. boosted its holdings in Coupa Software by 52.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,194,430 shares of the technology company’s stock valued at $37,290,000 after purchasing an additional 410,240 shares during the period. Finally, Soma Equity Partners LP boosted its holdings in Coupa Software by 60.0% in the 3rd quarter. Soma Equity Partners LP now owns 1,120,000 shares of the technology company’s stock valued at $34,888,000 after purchasing an additional 420,000 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

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About Coupa Software

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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