Insider Selling: Coupa Software (COUP) CFO Sells 12,000 Shares of Stock
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.
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.
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