Coupa Software Inc (COUP) Insider Sells $438,584.80 in Stock

Coupa Software Inc (NASDAQ:COUP) insider Ravi Thakur sold 11,240 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.02, for a total value of $438,584.80. Following the completion of the sale, the insider now directly owns 14,306 shares of the company’s stock, valued at approximately $558,220.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Tuesday, January 2nd, Ravi Thakur sold 11,240 shares of Coupa Software stock. The stock was sold at an average price of $32.04, for a total value of $360,129.60.
  • 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.

Coupa Software Inc (NASDAQ:COUP) traded down $0.37 during trading on Monday, hitting $37.50. The company had a trading volume of 734,730 shares, compared to its average volume of 609,393. Coupa Software Inc has a 12-month low of $22.50 and a 12-month high of $39.54. The firm has a market capitalization of $2,110.00 and a P/E ratio of -37.50.

Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $47.30 million during the quarter, compared to the consensus estimate of $45.02 million. During the same quarter in the previous year, the company posted ($0.22) earnings per share. The company’s revenue was up 33.6% compared to the same quarter last year. equities analysts expect that Coupa Software Inc will post -0.94 earnings per share for the current fiscal year.

Several brokerages have weighed in on COUP. SunTrust Banks began coverage on Coupa Software in a report on Wednesday, January 31st. They issued a “buy” rating and a $45.00 price target for the company. Morgan Stanley raised their price target on Coupa Software from $35.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. They noted that the move was a valuation call. Northland Securities set a $41.00 price target on Coupa Software and gave the stock a “buy” rating in a report on Wednesday, January 17th. Needham & Company LLC began coverage on Coupa Software in a report on Wednesday, January 10th. They issued a “buy” rating and a $39.00 price target for the company. Finally, Barclays raised Coupa Software from an “equal weight” rating to an “overweight” rating and set a $38.00 price target for the company in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Coupa Software currently has a consensus rating of “Buy” and a consensus target price of $37.99.

Several institutional investors have recently added to or reduced their stakes in COUP. Schwab Charles Investment Management Inc. lifted its holdings in shares of Coupa Software by 343.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 124,312 shares of the technology company’s stock worth $3,603,000 after purchasing an additional 96,256 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Coupa Software by 306.6% during the second quarter. Bank of New York Mellon Corp now owns 110,562 shares of the technology company’s stock worth $3,204,000 after purchasing an additional 83,373 shares during the period. Legal & General Group Plc lifted its holdings in shares of Coupa Software by 436.1% during the second quarter. Legal & General Group Plc now owns 10,792 shares of the technology company’s stock worth $312,000 after purchasing an additional 8,779 shares during the period. Swiss National Bank purchased a new position in Coupa Software during the second quarter valued at approximately $1,220,000. Finally, Alliancebernstein L.P. purchased a new position in Coupa Software during the second quarter valued at approximately $1,272,000. 75.09% of the stock is owned by hedge funds and other institutional investors.

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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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