Coupa Software (NASDAQ:COUP) insider Ravi Thakur sold 11,240 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $35.90, for a total transaction of $403,516.00. Following the completion of the sale, the insider now owns 13,436 shares of the company’s stock, valued at approximately $482,352.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ravi Thakur also recently made the following trade(s):

  • On Wednesday, November 1st, Ravi Thakur sold 11,240 shares of Coupa Software stock. The shares were sold at an average price of $34.99, for a total transaction of $393,287.60.
  • 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.

Coupa Software (NASDAQ COUP) traded down $1.04 during midday trading on Tuesday, reaching $32.58. 1,749,185 shares of the company were exchanged, compared to its average volume of 471,883. Coupa Software has a 1-year low of $22.50 and a 1-year high of $37.72.

Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data on Monday, December 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.06. Coupa Software had a negative net margin of 24.00% and a negative return on equity of 19.01%. The business had revenue of $47.30 million during the quarter, compared to the consensus estimate of $45.02 million. During the same quarter last year, the company posted ($0.22) earnings per share. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. analysts forecast that Coupa Software will post -1 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sylebra HK Co Ltd increased its holdings in Coupa Software by 79.9% during the third quarter. Sylebra HK Co Ltd now owns 2,166,792 shares of the technology company’s stock worth $67,496,000 after buying an additional 962,418 shares during the last quarter. Crestline Management LP purchased a new stake in Coupa Software during the third quarter worth about $909,000. Jane Street Group LLC purchased a new stake in Coupa Software during the third quarter worth about $368,000. Engineers Gate Manager LP purchased a new stake in Coupa Software during the third quarter worth about $1,781,000. Finally, AlpInvest Partners B.V. purchased a new stake in Coupa Software during the third quarter worth about $10,236,000. Institutional investors and hedge funds own 76.68% of the company’s stock.

COUP has been the subject of several analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $41.00 target price on shares of Coupa Software in a report on Wednesday, November 15th. Zacks Investment Research downgraded shares of Coupa Software from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Cantor Fitzgerald reiterated a “buy” rating and issued a $36.00 target price on shares of Coupa Software in a report on Wednesday, September 6th. ValuEngine upgraded shares of Coupa Software from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Barclays reiterated a “hold” rating and issued a $38.00 target price (up previously from $34.00) on shares of Coupa Software in a report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.66.

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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.

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

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