Coupa Software Inc (NASDAQ:COUP) insider Anthony D. Tiscornia sold 781 shares of Coupa Software stock in a transaction on Monday, March 12th. The shares were sold at an average price of $48.66, for a total value of $38,003.46. Following the sale, the insider now directly owns 521 shares of the company’s stock, valued at approximately $25,351.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Coupa Software Inc (COUP) traded down $1.12 during mid-day trading on Thursday, reaching $46.84. The company’s stock had a trading volume of 749,777 shares, compared to its average volume of 793,415. Coupa Software Inc has a 52-week low of $22.50 and a 52-week high of $50.69. The company has a market capitalization of $2,616.36, a price-to-earnings ratio of -56.43 and a beta of 1.29.
Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, March 12th. The technology company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.17. Coupa Software had a negative return on equity of 20.33% and a negative net margin of 23.45%. The company had revenue of $53.80 million during the quarter, compared to analyst estimates of $48.64 million. During the same quarter in the previous year, the company posted ($0.05) EPS. Coupa Software’s revenue for the quarter was up 41.5% on a year-over-year basis. research analysts expect that Coupa Software Inc will post -0.91 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in COUP. Northern Trust Corp lifted its stake in shares of Coupa Software by 83.7% in the 2nd quarter. Northern Trust Corp now owns 162,030 shares of the technology company’s stock valued at $4,695,000 after acquiring an additional 73,839 shares during the last quarter. State Street Corp lifted its stake in shares of Coupa Software by 299.8% in the 2nd quarter. State Street Corp now owns 520,042 shares of the technology company’s stock valued at $15,070,000 after acquiring an additional 389,965 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Coupa Software by 211.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,904 shares of the technology company’s stock valued at $693,000 after acquiring an additional 16,226 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Coupa Software by 205.2% in the 2nd quarter. California State Teachers Retirement System now owns 52,800 shares of the technology company’s stock valued at $1,530,000 after acquiring an additional 35,500 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Coupa Software in the 3rd quarter valued at about $1,280,000. 88.39% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on the company. Loop Capital lifted their price objective on Coupa Software to $48.00 and gave the company a “hold” rating in a research note on Wednesday. Zacks Investment Research raised Coupa Software from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Tuesday. Morgan Stanley reaffirmed an “equal weight” rating and set a $49.00 price target (up previously from $42.00) on shares of Coupa Software in a research note on Tuesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $38.00 price target (up previously from $32.00) on shares of Coupa Software in a research note on Tuesday. Finally, SunTrust Banks lifted their price target on Coupa Software to $56.00 and gave the stock a “buy” rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.13.
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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.
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