Insider Selling: Coupa Software (COUP) Insider Sells 11,240 Shares of Stock
Coupa Software (NASDAQ:COUP) insider Ravi Thakur sold 11,240 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $31.35, for a total transaction of $352,374.00. Following the sale, the insider now directly owns 35,916 shares of the company’s stock, valued at approximately $1,125,966.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Ravi Thakur also recently made the following trade(s):
- On Thursday, September 21st, Ravi Thakur sold 328 shares of Coupa Software stock. The stock was sold at an average price of $31.16, for a total value of $10,220.48.
- On Friday, September 1st, Ravi Thakur sold 11,240 shares of Coupa Software stock. The stock was sold at an average price of $30.29, for a total value of $340,459.60.
- On Tuesday, August 1st, Ravi Thakur sold 11,240 shares of Coupa Software stock. The stock was sold at an average price of $30.72, for a total value of $345,292.80.
Shares of Coupa Software (NASDAQ:COUP) traded up 1.65% on Tuesday, reaching $31.99. 609,759 shares of the company traded hands. Coupa Software has a 1-year low of $23.52 and a 1-year high of $41.61. The stock’s market capitalization is $1.71 billion. The company has a 50-day moving average of $31.23 and a 200-day moving average of $31.23.
Coupa Software (NASDAQ:COUP) last posted its earnings results on Tuesday, September 5th. The technology company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.18. The firm had revenue of $44.60 million for the quarter, compared to analyst estimates of $41.59 million. Coupa Software had a negative return on equity of 19.01% and a negative net margin of 24.00%. The firm’s revenue for the quarter was up 43.4% on a year-over-year basis. Analysts anticipate that Coupa Software will post ($0.48) earnings per share for the current fiscal year.
Several equities analysts recently weighed in on the company. Barclays PLC lifted their target price on Coupa Software from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 6th. JMP Securities reissued an “outperform” rating and set a $40.00 price target (up previously from $32.00) on shares of Coupa Software in a report on Tuesday, June 6th. J P Morgan Chase & Co restated a “neutral” rating and issued a $31.00 price target (up previously from $27.00) on shares of Coupa Software in a research report on Tuesday, June 6th. Raymond James Financial, Inc. restated an “outperform” rating and issued a $40.00 price target (up previously from $34.00) on shares of Coupa Software in a research report on Wednesday, June 7th. Finally, BTIG Research assumed coverage on Coupa Software in a research note on Monday, June 12th. They issued a “buy” rating and a $44.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $34.61.
Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in shares of Coupa Software during the 1st quarter worth approximately $1,278,000. Lynch & Associates IN purchased a new stake in Coupa Software during the second quarter worth $385,000. Ameriprise Financial Inc. grew its position in Coupa Software by 40.4% during the first quarter. Ameriprise Financial Inc. now owns 41,035 shares of the technology company’s stock valued at $1,042,000 after buying an additional 11,800 shares during the period. Janus Capital Management LLC acquired a new stake in Coupa Software during the first quarter valued at $12,160,000. Finally, Allen Investment Management LLC acquired a new stake in Coupa Software during the first quarter valued at $502,000. Institutional investors and hedge funds own 63.60% of the company’s stock.
Coupa Software Company Profile
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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