Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford Sells 12,500 Shares

Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford Sells 12,500 Shares

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Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $61.60, for a total transaction of $770,000.00. Following the completion of the sale, the chief financial officer now directly owns 26,189 shares in the company, valued at approximately $1,613,242.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

COUP traded up $6.05 during midday trading on Wednesday, hitting $60.90. The company’s stock had a trading volume of 881,200 shares, compared to its average volume of 879,691. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of -80.13 and a beta of 1.76. Coupa Software Inc has a 52-week low of $30.65 and a 52-week high of $84.53.

Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Monday, December 3rd. The technology company reported $0.08 EPS for the quarter, beating the consensus estimate 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 company had revenue of $67.46 million during the quarter, compared to analysts’ expectations of $62.59 million. During the same quarter in the previous year, the business earned ($0.05) EPS. The firm’s revenue was up 42.5% on a year-over-year basis. Equities research analysts predict that Coupa Software Inc will post -0.72 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COUP. Raymond James Financial Services Advisors Inc. boosted its holdings in Coupa Software by 33.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 12,636 shares of the technology company’s stock worth $786,000 after acquiring an additional 3,139 shares during the period. Wells Fargo & Company MN boosted its holdings in Coupa Software by 111.7% in the 2nd quarter. Wells Fargo & Company MN now owns 429,301 shares of the technology company’s stock worth $26,720,000 after acquiring an additional 226,498 shares during the period. First Trust Advisors LP boosted its holdings in Coupa Software by 54.4% in the 2nd quarter. First Trust Advisors LP now owns 149,566 shares of the technology company’s stock worth $9,309,000 after acquiring an additional 52,694 shares during the period. Sei Investments Co. boosted its holdings in Coupa Software by 437.0% in the 2nd quarter. Sei Investments Co. now owns 58,680 shares of the technology company’s stock worth $3,652,000 after acquiring an additional 47,753 shares during the period. Finally, Rhumbline Advisers boosted its holdings in Coupa Software by 71.0% in the 2nd quarter. Rhumbline Advisers now owns 50,940 shares of the technology company’s stock worth $3,171,000 after acquiring an additional 21,142 shares during the period. Hedge funds and other institutional investors own 94.52% of the company’s stock.

A number of equities analysts have recently issued reports on COUP shares. Morgan Stanley raised their target price on shares of Coupa Software from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 4th. Northland Securities lowered shares of Coupa Software from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 11th. Oppenheimer raised their target price on Coupa Software from $62.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, August 29th. Cantor Fitzgerald raised their target price 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 raised Coupa Software from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Friday, September 7th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $65.38.

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Coupa Software Company Profile

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.

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Insider Buying and Selling by Quarter for Coupa Software (NASDAQ:COUP)

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