Coupa Software (NASDAQ:COUP) CFO Todd R. Ford sold 12,000 shares of Coupa Software stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $33.15, for a total transaction of $397,800.00. Following the transaction, the chief financial officer now directly owns 17,349 shares in the company, valued at approximately $575,119.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Coupa Software (COUP) traded up $0.46 during mid-day trading on Monday, reaching $33.21. 200,718 shares of the company’s stock traded hands, compared to its average volume of 470,826. Coupa Software has a 52-week low of $22.50 and a 52-week high of $37.72.

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

Hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised its holdings in shares of Coupa Software by 2,294.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock valued at $106,000 after purchasing an additional 3,511 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Coupa Software in the second quarter valued at approximately $142,000. Trexquant Investment LP acquired a new stake in shares of Coupa Software in the third quarter valued at approximately $274,000. Symmetry Peak Management LLC acquired a new stake in shares of Coupa Software in the second quarter valued at approximately $290,000. Finally, Legal & General Group Plc raised its holdings in shares of Coupa Software by 436.1% in the second quarter. Legal & General Group Plc now owns 10,792 shares of the technology company’s stock valued at $312,000 after purchasing an additional 8,779 shares during the last quarter. Hedge funds and other institutional investors own 76.68% of the company’s stock.

Several research analysts recently weighed in on COUP shares. Royal Bank of Canada reissued a “buy” rating and set a $41.00 price objective on shares of Coupa Software in a research note on Wednesday, November 15th. Zacks Investment Research raised shares of Coupa Software from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Cantor Fitzgerald reissued a “buy” rating and set a $38.00 price objective on shares of Coupa Software in a research note on Monday, December 11th. Raymond James Financial restated a “buy” rating and set a $40.00 target price on shares of Coupa Software in a report on Tuesday, December 12th. Finally, ValuEngine upgraded shares of Coupa Software from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. Coupa Software has an average rating of “Hold” and an average target price of $35.84.

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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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