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.
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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.
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