Coupa Software (COUP) Insider Sells $393,287.60 in Stock
Coupa Software (NASDAQ:COUP) insider Ravi Thakur sold 11,240 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $34.99, for a total transaction of $393,287.60. Following the transaction, the insider now owns 24,676 shares in the company, valued at $863,413.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Ravi Thakur also recently made the following trade(s):
- On Monday, October 2nd, Ravi Thakur sold 11,240 shares of Coupa Software stock. The shares were sold at an average price of $31.35, for a total transaction of $352,374.00.
- On Thursday, September 21st, Ravi Thakur sold 328 shares of Coupa Software stock. The shares were sold at an average price of $31.16, for a total transaction of $10,220.48.
- On Friday, September 1st, Ravi Thakur sold 11,240 shares of Coupa Software stock. The shares were sold at an average price of $30.29, for a total transaction of $340,459.60.
Coupa Software (NASDAQ:COUP) last announced its quarterly earnings data on Tuesday, September 5th. The technology company reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.18. The firm had revenue of $44.60 million during the quarter, compared to analysts’ expectations of $41.59 million. Coupa Software had a negative return on equity of 19.01% and a negative net margin of 24.00%. Coupa Software’s quarterly revenue was up 43.4% compared to the same quarter last year.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Frontier Capital Management Co. LLC acquired a new position in shares of Coupa Software in the 3rd quarter valued at approximately $1,602,000. Victory Capital Management Inc. acquired a new position in Coupa Software during the 3rd quarter worth approximately $24,428,000. Sumitomo Mitsui Asset Management Company LTD boosted its position in Coupa Software by 44.3% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 49,800 shares of the technology company’s stock worth $1,551,000 after acquiring an additional 15,300 shares during the last quarter. First Trust Advisors LP acquired a new position in Coupa Software during the 3rd quarter worth approximately $1,280,000. Finally, Verition Fund Management LLC acquired a new position in Coupa Software during the 2nd quarter worth approximately $384,000. Institutional investors and hedge funds own 63.68% of the company’s stock.
A number of research firms have commented on COUP. Royal Bank Of Canada increased their price objective on shares of Coupa Software from $40.00 to $41.00 and gave the company 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 price objective on the stock. Zacks Investment Research downgraded shares of Coupa Software from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. ValuEngine upgraded shares of Coupa Software from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $36.00 price objective on shares of Coupa Software in a research note on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.16.
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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