Coupa (NASDAQ:COUP) CRO Steven M. Winter sold 11,336 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $48.85, for a total value of $553,763.60. Following the transaction, the executive now owns 12,480 shares of the company’s stock, valued at $609,648. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
COUP stock traded down $1.30 during trading on Friday, hitting $45.48. 631,892 shares of the company’s stock were exchanged, compared to its average volume of 811,093. The stock has a market cap of $2,648.25, a price-to-earnings ratio of -59.84 and a beta of 1.13. Coupa has a 52-week low of $24.25 and a 52-week high of $50.69. The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 0.68.
Coupa (NASDAQ:COUP) last posted its earnings results on Monday, March 12th. The technology company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.17. The firm had revenue of $53.80 million during the quarter, compared to analysts’ expectations of $48.64 million. Coupa had a negative return on equity of 19.30% and a negative net margin of 23.45%. The firm’s revenue was up 41.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) earnings per share. sell-side analysts anticipate that Coupa will post -1.16 EPS for the current year.
A number of brokerages recently commented on COUP. JPMorgan Chase restated a “neutral” rating and set a $38.00 target price (up from $32.00) on shares of Coupa in a report on Tuesday, March 13th. Needham & Company LLC set a $55.00 target price on Coupa and gave the company a “buy” rating in a report on Tuesday, March 13th. SunTrust Banks raised their target price on Coupa to $56.00 and gave the company a “buy” rating in a report on Tuesday, March 13th. Morgan Stanley reiterated an “equal weight” rating and issued a $49.00 price objective (up previously from $42.00) on shares of Coupa in a research note on Tuesday, March 13th. Finally, Zacks Investment Research cut Coupa from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Coupa currently has a consensus rating of “Buy” and an average price target of $46.13.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Highland Capital Management LP acquired a new position in Coupa during the fourth quarter worth approximately $3,122,000. Hershey Trust Co. increased its position in Coupa by 1,252.0% during the fourth quarter. Hershey Trust Co. now owns 25,025 shares of the technology company’s stock worth $781,000 after buying an additional 23,174 shares during the period. AlpInvest Partners B.V. acquired a new position in Coupa during the third quarter worth approximately $10,236,000. Crestline Management LP acquired a new position in Coupa during the third quarter worth approximately $909,000. Finally, Monashee Investment Management LLC acquired a new position in Coupa during the fourth quarter worth approximately $1,405,000. 88.39% of the stock is currently owned by institutional investors.
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Coupa Company Profile
Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend under management; and offers supporting modules, including sourcing, analytics, contract management, supplier management, inventory management, and storefront that help companies further manage their spend.
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