Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford sold 112,500 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $46.21, for a total transaction of $5,198,625.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Todd R. Ford also recently made the following trade(s):
- On Friday, March 16th, Todd R. Ford sold 12,000 shares of Coupa Software stock. The shares were sold at an average price of $46.46, for a total transaction of $557,520.00.
COUP stock opened at $48.47 on Wednesday. The stock has a market cap of $2,556.36, a price-to-earnings ratio of -58.40 and a beta of 1.29. Coupa Software Inc has a 1-year low of $22.50 and a 1-year high of $50.69.
Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Monday, March 12th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.17. The company had revenue of $53.80 million during the quarter, compared to the consensus estimate of $48.64 million. Coupa Software had a negative net margin of 23.45% and a negative return on equity of 20.33%. The company’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.05) earnings per share. equities research analysts expect that Coupa Software Inc will post -1.16 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the company. American International Group Inc. increased its holdings in shares of Coupa Software by 8.1% during the third quarter. American International Group Inc. now owns 19,989 shares of the technology company’s stock worth $623,000 after buying an additional 1,494 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Coupa Software by 2.5% in the third quarter. Bank of New York Mellon Corp now owns 113,344 shares of the technology company’s stock worth $3,531,000 after purchasing an additional 2,782 shares during the last quarter. Swiss National Bank grew its stake in shares of Coupa Software by 7.1% in the fourth quarter. Swiss National Bank now owns 45,100 shares of the technology company’s stock worth $1,408,000 after purchasing an additional 3,000 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Coupa Software by 9.2% in the fourth quarter. First Trust Advisors LP now owns 44,879 shares of the technology company’s stock worth $1,401,000 after purchasing an additional 3,787 shares during the last quarter. Finally, Ensemble Capital Management LLC bought a new stake in shares of Coupa Software in the fourth quarter worth $203,000. Institutional investors own 88.39% of the company’s stock.
COUP has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Coupa Software from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Thursday, February 8th. Barclays restated a “hold” rating and set a $38.00 price objective (up from $34.00) on shares of Coupa Software in a research report on Monday, November 27th. CIBC initiated coverage on shares of Coupa Software in a research report on Friday, December 22nd. They set an “outperform” rating and a $41.00 price objective for the company. Raymond James Financial restated a “buy” rating and set a $40.00 price objective on shares of Coupa Software in a research report on Tuesday, December 12th. Finally, Oppenheimer initiated coverage on shares of Coupa Software in a research report on Thursday, December 21st. They set a “buy” rating and a $41.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price 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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