Coupa Software Inc (COUP) Insider Sells $53,397.68 in Stock

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Coupa Software Inc (NASDAQ:COUP) insider Anthony D. Tiscornia sold 952 shares of Coupa Software stock in a transaction that occurred on Friday, December 21st. The stock was sold at an average price of $56.09, for a total value of $53,397.68. Following the completion of the sale, the insider now owns 828 shares of the company’s stock, valued at $46,442.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

COUP stock traded down $5.37 during midday trading on Friday, hitting $54.57. The company’s stock had a trading volume of 2,278,581 shares, compared to its average volume of 881,069. Coupa Software Inc has a 1 year low of $30.65 and a 1 year high of $84.53. The stock has a market cap of $3.76 billion, a P/E ratio of -71.80 and a beta of 1.76.

Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, December 3rd. The technology company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.11. Coupa Software had a negative return on equity of 14.03% and a negative net margin of 19.93%. The firm had revenue of $67.46 million for the quarter, compared to analysts’ expectations of $62.59 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The business’s revenue for the quarter was up 42.5% compared to the same quarter last year. As a group, equities research analysts forecast that Coupa Software Inc will post -0.82 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of COUP. BlackRock Inc. lifted its position in shares of Coupa Software by 58.9% during the 2nd quarter. BlackRock Inc. now owns 3,042,360 shares of the technology company’s stock valued at $189,357,000 after buying an additional 1,128,149 shares during the last quarter. Jackson Square Partners LLC purchased a new position in shares of Coupa Software during the 3rd quarter valued at $87,361,000. FMR LLC lifted its position in shares of Coupa Software by 42.3% during the 2nd quarter. FMR LLC now owns 1,774,407 shares of the technology company’s stock valued at $110,439,000 after buying an additional 527,529 shares during the last quarter. Soros Fund Management LLC purchased a new position in shares of Coupa Software during the 2nd quarter valued at $31,120,000. Finally, Vanguard Group Inc lifted its position in shares of Coupa Software by 11.3% during the 3rd quarter. Vanguard Group Inc now owns 4,610,782 shares of the technology company’s stock valued at $364,712,000 after buying an additional 467,714 shares during the last quarter. 94.52% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on COUP shares. Morgan Stanley lifted their target price on Coupa Software from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 4th. Northland Securities downgraded Coupa Software from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 11th. Oppenheimer lifted their target price on Coupa Software from $62.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, August 29th. Cantor Fitzgerald boosted their price objective on Coupa Software from $67.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, September 5th. Finally, Zacks Investment Research upgraded Coupa Software from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Friday, September 7th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $63.94.

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About Coupa Software

Coupa Software Incorporated provides cloud-based spend management platform. The company’s platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company’s spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.

Coupa Software Inc (COUP) Insider Sells $53,397.68 in Stock

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