Coupa Software Inc (COUP) Insider Ravi Thakur Sells 20,000 Shares

Coupa Software Inc (NASDAQ:COUP) insider Ravi Thakur sold 20,000 shares of the firm’s stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $24.50, for a total value of $490,000.00. Following the completion of the sale, the insider now directly owns 101,541 shares of the company’s stock, valued at approximately $2,487,754.50. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of Coupa Software Inc (NASDAQ:COUP) traded down 1.39% during trading on Friday, hitting $29.84. The stock had a trading volume of 287,244 shares. Coupa Software Inc has a 12-month low of $22.50 and a 12-month high of $41.61. The stock’s 50-day moving average is $25.81 and its 200-day moving average is $26.49. The stock’s market cap is $1.51 billion.

Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, March 13th. The technology company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.16. The business had revenue of $38.02 million for the quarter, compared to analyst estimates of $35.87 million. Coupa Software’s revenue was up 44.2% compared to the same quarter last year. On average, equities research analysts expect that Coupa Software Inc will post ($0.52) EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Coupa Software Inc (COUP) Insider Ravi Thakur Sells 20,000 Shares” was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/04/21/coupa-software-inc-coup-insider-ravi-thakur-sells-20000-shares-updated.html.

Several large investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY purchased a new stake in Coupa Software during the fourth quarter worth about $260,000. Teachers Advisors LLC purchased a new stake in Coupa Software during the fourth quarter worth about $268,000. Norges Bank purchased a new stake in Coupa Software during the fourth quarter worth about $500,000. Franklin Resources Inc. purchased a new stake in Coupa Software during the fourth quarter worth about $595,000. Finally, FMR LLC purchased a new stake in Coupa Software during the fourth quarter worth about $603,000. Institutional investors and hedge funds own 0.96% of the company’s stock.

COUP has been the subject of a number of recent analyst reports. Vetr cut Coupa Software from a “hold” rating to a “strong sell” rating and set a $24.91 price objective for the company. in a research report on Wednesday, February 22nd. Zacks Investment Research cut Coupa Software from a “buy” rating to a “hold” rating in a research report on Monday, February 6th. Finally, Loop Capital started coverage on Coupa Software in a research report on Tuesday, February 14th. They issued a “hold” rating and a $27.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.56.

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.

5 Day Chart for NASDAQ:COUP

Receive News & Ratings for Coupa Software Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply