Coupa Software Inc (COUP) Insider Ravi Thakur Sells 11,240 Shares

Coupa Software Inc (NASDAQ:COUP) insider Ravi Thakur sold 11,240 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $32.04, for a total value of $360,129.60. Following the sale, the insider now owns 14,306 shares of the company’s stock, valued at $458,364.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Friday, December 1st, Ravi Thakur sold 11,240 shares of Coupa Software stock. The stock was sold at an average price of $35.90, for a total value of $403,516.00.
  • On Wednesday, November 1st, Ravi Thakur sold 11,240 shares of Coupa Software stock. The stock was sold at an average price of $34.99, for a total value of $393,287.60.

Coupa Software Inc (NASDAQ:COUP) traded up $0.63 during trading on Wednesday, reaching $32.66. The company’s stock had a trading volume of 299,611 shares, compared to its average volume of 452,150. Coupa Software Inc has a 52 week low of $22.50 and a 52 week high of $37.72. The stock has a market capitalization of $1,790.00 and a PE ratio of -32.66.

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

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada upped their price objective on Coupa Software from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 6th. CIBC assumed coverage on Coupa Software in a research note on Friday, December 22nd. They set an “outperform” rating and a $41.00 price objective for the company. Zacks Investment Research cut Coupa Software from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Barclays restated a “hold” rating and set a $38.00 price objective (up from $34.00) on shares of Coupa Software in a research note on Monday, November 27th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $36.00 price objective on shares of Coupa Software in a research note on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $36.53.

Several hedge funds have recently made changes to their positions in COUP. Schwab Charles Investment Management Inc. increased its holdings in shares of Coupa Software by 343.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 124,312 shares of the technology company’s stock valued at $3,603,000 after purchasing an additional 96,256 shares during the period. Rhumbline Advisers increased its holdings in shares of Coupa Software by 304.4% in the second 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 during the period. Bank of New York Mellon Corp increased its holdings in shares of Coupa Software by 306.6% in the second quarter. Bank of New York Mellon Corp now owns 110,562 shares of the technology company’s stock valued at $3,204,000 after purchasing an additional 83,373 shares during the period. Legal & General Group Plc increased 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 period. Finally, BNP Paribas Arbitrage SA increased 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 period. 74.67% of the stock is currently 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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