Coupa Software (NASDAQ:COUP) insider Anthony D. Tiscornia sold 782 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $34.00, for a total value of $26,588.00. Following the transaction, the insider now owns 521 shares of the company’s stock, valued at approximately $17,714. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Coupa Software (NASDAQ:COUP) traded down $0.12 during midday trading on Wednesday, reaching $33.56. The company’s stock had a trading volume of 246,736 shares, compared to its average volume of 472,438. Coupa Software has a 1-year low of $22.50 and a 1-year high of $37.72.

Coupa Software (NASDAQ:COUP) last issued its earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.06. The business had revenue of $47.30 million during the quarter, compared to analyst estimates of $45.02 million. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. Coupa Software’s revenue was up 33.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.22) EPS. equities research analysts predict that Coupa Software will post -0.94 earnings per share for the current year.

A number of equities analysts recently issued reports on COUP shares. Royal Bank of Canada restated a “buy” rating and set a $41.00 price objective on shares of Coupa Software in a report on Wednesday, November 15th. Zacks Investment Research cut Coupa Software from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Cantor Fitzgerald restated a “buy” rating and set a $36.00 price objective on shares of Coupa Software in a report on Wednesday, September 6th. Barclays restated a “hold” rating and set a $38.00 price objective (up previously from $34.00) on shares of Coupa Software in a report on Monday, November 27th. Finally, ValuEngine upgraded Coupa Software from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $35.84.

A number of hedge funds and other institutional investors have recently modified their holdings of COUP. Vanguard Group Inc. raised its position in Coupa Software by 27.5% during the 1st quarter. Vanguard Group Inc. now owns 749,441 shares of the technology company’s stock valued at $19,035,000 after purchasing an additional 161,830 shares in the last quarter. Geode Capital Management LLC raised its position in Coupa Software by 6.5% during the 1st quarter. Geode Capital Management LLC now owns 98,463 shares of the technology company’s stock valued at $2,500,000 after purchasing an additional 5,967 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Coupa Software by 5.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 28,056 shares of the technology company’s stock valued at $713,000 after purchasing an additional 1,368 shares in the last quarter. TD Asset Management Inc. raised its position in Coupa Software by 148.2% during the 2nd quarter. TD Asset Management Inc. now owns 107,975 shares of the technology company’s stock valued at $3,129,000 after purchasing an additional 64,475 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Coupa Software by 304.4% during the 2nd quarter. Rhumbline Advisers now owns 33,358 shares of the technology company’s stock valued at $967,000 after purchasing an additional 25,110 shares in the last quarter. 76.68% of the stock is owned by institutional investors and hedge funds.

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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.

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

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