Coupa Software (COUP) CFO Todd R. Ford Sells 12,000 Shares
Coupa Software (NASDAQ:COUP) CFO Todd R. Ford sold 12,000 shares of the stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $35.50, for a total transaction of $426,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Coupa Software (COUP) traded up 1.47% on Wednesday, reaching $36.00. 485,556 shares of the company were exchanged. The stock has a 50 day moving average of $32.23 and a 200-day moving average of $32.23. The company’s market capitalization is $1.93 billion. Coupa Software has a 52-week low of $22.50 and a 52-week high of $37.72.
Coupa Software (NASDAQ:COUP) last issued its earnings results on Tuesday, September 5th. The technology company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.18. Coupa Software had a negative net margin of 24.00% and a negative return on equity of 19.01%. The company had revenue of $44.60 million for the quarter, compared to analyst estimates of $41.59 million. Coupa Software’s revenue was up 43.4% compared to the same quarter last year. On average, analysts predict that Coupa Software will post ($0.48) EPS for the current fiscal year.
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Institutional investors and hedge funds have recently modified their holdings of the business. Sylebra HK Co Ltd grew its position in Coupa Software by 6.5% during the second quarter. Sylebra HK Co Ltd now owns 1,204,374 shares of the technology company’s stock worth $34,903,000 after buying an additional 73,654 shares during the period. Capital World Investors lifted its holdings in shares of Coupa Software by 39.2% in the second quarter. Capital World Investors now owns 1,837,112 shares of the technology company’s stock valued at $53,240,000 after purchasing an additional 517,000 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Coupa Software in the first quarter valued at about $1,278,000. Wells Fargo & Company MN lifted its holdings in shares of Coupa Software by 17.2% in the second quarter. Wells Fargo & Company MN now owns 321,265 shares of the technology company’s stock valued at $9,310,000 after purchasing an additional 47,131 shares in the last quarter. Finally, Lynch & Associates IN purchased a new stake in shares of Coupa Software in the second quarter valued at about $385,000. Institutional investors own 63.60% of the company’s stock.
Several research firms have recently issued reports on COUP. Royal Bank Of Canada increased their target price on shares of Coupa Software from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 6th. First Analysis began coverage on shares of Coupa Software in a research note on Monday, August 7th. They set an “overweight” rating and a $37.00 target price on the stock. Zacks Investment Research lowered shares of Coupa Software from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $36.00 price target on shares of Coupa Software in a research note on Wednesday, September 6th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $38.00 price target on shares of Coupa Software in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.16.
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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