Steven M. Winter Sells 11,335 Shares of COUPA SOFTWARE (COUP) Stock

COUPA SOFTWARE (NASDAQ:COUP) CRO Steven M. Winter sold 11,335 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $35.24, for a total value of $399,445.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

COUPA SOFTWARE (NASDAQ COUP) opened at 35.88 on Friday. The firm’s 50-day moving average price is $32.23 and its 200 day moving average price is $32.23. COUPA SOFTWARE has a 52-week low of $23.52 and a 52-week high of $36.00. The stock’s market cap is $1.92 billion.

COUPA SOFTWARE (NASDAQ:COUP) last posted its quarterly earnings results on Tuesday, September 5th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.18. The company had revenue of $44.60 million for the quarter, compared to analysts’ expectations of $41.59 million. COUPA SOFTWARE had a negative return on equity of 19.01% and a negative net margin of 24.00%. The business’s quarterly revenue was up 43.4% compared to the same quarter last year. Equities analysts predict that COUPA SOFTWARE will post ($0.48) earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/15/steven-m-winter-sells-11335-shares-of-coupa-software-coup-stock.html.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in COUPA SOFTWARE by 260.3% during 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. Capital World Investors raised its stake in COUPA SOFTWARE by 39.2% during the 2nd quarter. Capital World Investors now owns 1,837,112 shares of the technology company’s stock valued at $53,240,000 after purchasing an additional 517,000 shares during the period. Sylebra HK Co Ltd raised its stake in COUPA SOFTWARE by 6.5% during 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 purchasing an additional 73,654 shares during the period. Federated Investors Inc. PA raised its stake in COUPA SOFTWARE by 110.5% during 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 purchasing an additional 563,200 shares during the period. Finally, Voya Investment Management LLC acquired a new stake in COUPA SOFTWARE during the 2nd quarter valued at $22,196,000. 63.60% of the stock is currently owned by institutional investors.

COUP has been the subject of several recent research reports. Cantor Fitzgerald initiated coverage on COUPA SOFTWARE in a research report on Thursday, July 20th. They set an “overweight” rating and a $35.00 price target for the company. Zacks Investment Research downgraded COUPA SOFTWARE from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Royal Bank Of Canada raised 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 initiated coverage on COUPA SOFTWARE in a research report on Monday, August 7th. They set an “overweight” rating and a $37.00 price target for the company. Finally, Northland Securities reissued a “buy” rating and set a $38.00 price target on shares of COUPA SOFTWARE in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. COUPA SOFTWARE currently has a consensus rating of “Hold” and a consensus price target of $35.16.

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.

COUPA SOFTWARE (NASDAQ COUP) opened at 35.88 on Friday. The firm’s 50-day moving average price is $32.23 and its 200 day moving average price is $32.23. COUPA SOFTWARE has a 52-week low of $23.52 and a 52-week high of $36.00. The stock’s market cap is $1.92 billion.

COUPA SOFTWARE (NASDAQ:COUP) last posted its quarterly earnings results on Tuesday, September 5th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.18. The company had revenue of $44.60 million for the quarter, compared to analysts’ expectations of $41.59 million. COUPA SOFTWARE had a negative return on equity of 19.01% and a negative net margin of 24.00%. The business’s quarterly revenue was up 43.4% compared to the same quarter last year. Equities analysts predict that COUPA SOFTWARE will post ($0.48) earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/15/steven-m-winter-sells-11335-shares-of-coupa-software-coup-stock.html.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in COUPA SOFTWARE by 260.3% during 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. Capital World Investors raised its stake in COUPA SOFTWARE by 39.2% during the 2nd quarter. Capital World Investors now owns 1,837,112 shares of the technology company’s stock valued at $53,240,000 after purchasing an additional 517,000 shares during the period. Sylebra HK Co Ltd raised its stake in COUPA SOFTWARE by 6.5% during 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 purchasing an additional 73,654 shares during the period. Federated Investors Inc. PA raised its stake in COUPA SOFTWARE by 110.5% during 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 purchasing an additional 563,200 shares during the period. Finally, Voya Investment Management LLC acquired a new stake in COUPA SOFTWARE during the 2nd quarter valued at $22,196,000. 63.60% of the stock is currently owned by institutional investors.

COUP has been the subject of several recent research reports. Cantor Fitzgerald initiated coverage on COUPA SOFTWARE in a research report on Thursday, July 20th. They set an “overweight” rating and a $35.00 price target for the company. Zacks Investment Research downgraded COUPA SOFTWARE from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Royal Bank Of Canada raised 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 initiated coverage on COUPA SOFTWARE in a research report on Monday, August 7th. They set an “overweight” rating and a $37.00 price target for the company. Finally, Northland Securities reissued a “buy” rating and set a $38.00 price target on shares of COUPA SOFTWARE in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. COUPA SOFTWARE currently has a consensus rating of “Hold” and a consensus price target of $35.16.

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.

Insider Buying and Selling by Quarter for COUPA SOFTWARE (NASDAQ:COUP)

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