Coupa Software (NASDAQ:COUP) CRO Steven M. Winter sold 11,336 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $33.14, for a total value of $375,675.04. Following the sale, the executive now directly owns 12,480 shares in the company, valued at $413,587.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Coupa Software (NASDAQ COUP) traded down $0.11 during trading on Tuesday, reaching $33.28. 152,500 shares of the company were exchanged, compared to its average volume of 473,126. Coupa Software has a 1 year low of $22.50 and a 1 year high of $37.72.
Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Tuesday, September 5th. The technology company reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.18. The firm had revenue of $44.60 million for the quarter, compared to analyst estimates of $41.59 million. Coupa Software had a negative net margin of 24.00% and a negative return on equity of 19.01%. Coupa Software’s quarterly revenue was up 43.4% compared to the same quarter last year. equities analysts anticipate that Coupa Software will post -1 earnings per share for the current fiscal year.
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Several equities research analysts have weighed in on the company. Royal Bank Of Canada increased their price target on Coupa Software from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 6th. First Analysis assumed coverage on Coupa Software in a research report on Monday, August 7th. They set an “overweight” rating and a $37.00 price target on the stock. Zacks Investment Research downgraded Coupa Software from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. ValuEngine raised Coupa Software from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $36.00 price target on shares of Coupa Software in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $35.16.
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised 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 acquiring an additional 1,950,862 shares during the last quarter. Capital World Investors raised its holdings in Coupa Software by 39.2% in the 2nd quarter. Capital World Investors now owns 1,837,112 shares of the technology company’s stock valued at $53,240,000 after acquiring an additional 517,000 shares during the last quarter. Sylebra HK Co Ltd raised its holdings in Coupa Software by 6.5% in the 2nd quarter. Sylebra HK Co Ltd now owns 1,204,374 shares of the technology company’s stock valued at $34,903,000 after acquiring an additional 73,654 shares during the last quarter. Soma Equity Partners LP raised 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 acquiring an additional 420,000 shares during the last quarter. Finally, Federated Investors Inc. PA raised its holdings in Coupa Software by 110.5% in the 2nd quarter. Federated Investors Inc. PA now owns 1,073,100 shares of the technology company’s stock valued at $31,098,000 after acquiring an additional 563,200 shares during the last quarter. 65.16% of the stock is currently owned by hedge funds and other institutional investors.
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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