Coupa Software Inc (COUP) CRO Sells $438,703.20 in Stock

Coupa Software Inc (NASDAQ:COUP) CRO Steven M. Winter sold 11,336 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $38.70, for a total value of $438,703.20. Following the completion of the sale, the executive now owns 12,480 shares in the company, valued at approximately $482,976. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Coupa Software Inc (NASDAQ:COUP) traded up $0.85 on Tuesday, hitting $39.49. The stock had a trading volume of 662,925 shares, compared to its average volume of 656,021. Coupa Software Inc has a fifty-two week low of $22.50 and a fifty-two week high of $40.31. The company has a market cap of $2,155.62, a P/E ratio of -48.75 and a beta of 4.73.

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

Several institutional investors and hedge funds have recently bought and sold shares of COUP. Schwab Charles Investment Management Inc. grew its position in shares of Coupa Software by 343.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 124,312 shares of the technology company’s stock worth $3,603,000 after buying an additional 96,256 shares in the last quarter. Alliancebernstein L.P. bought a new position in shares of Coupa Software during the 2nd quarter worth $1,272,000. Teachers Advisors LLC grew its position in shares of Coupa Software by 254.5% during the 2nd quarter. Teachers Advisors LLC now owns 53,893 shares of the technology company’s stock worth $1,562,000 after buying an additional 38,690 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Coupa Software by 439.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 80,389 shares of the technology company’s stock worth $2,330,000 after buying an additional 65,483 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Coupa Software by 212.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 128,036 shares of the technology company’s stock worth $3,711,000 after buying an additional 87,001 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on COUP. Zacks Investment Research upgraded Coupa Software from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Thursday, February 8th. Morgan Stanley increased their target price on Coupa Software from $35.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. They noted that the move was a valuation call. SunTrust Banks began coverage on Coupa Software in a research note on Wednesday, January 31st. They issued a “buy” rating and a $45.00 target price on the stock. ValuEngine upgraded Coupa Software from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Northland Securities set a $41.00 target price on Coupa Software and gave the stock a “buy” rating in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $38.52.

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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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