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.
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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.