Insider Selling: Coupa Software Inc (COUP) Insider Sells 782 Shares of Stock

Coupa Software Inc (NASDAQ:COUP) insider Anthony D. Tiscornia sold 782 shares of Coupa Software stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $39.33, for a total value of $30,756.06. Following the completion of the transaction, the insider now owns 261 shares in the company, valued at $10,265.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Coupa Software Inc (NASDAQ:COUP) traded up $0.85 on Tuesday, reaching $39.49. The company had a trading volume of 662,925 shares, compared to its average volume of 656,021. Coupa Software Inc has a 1 year low of $22.50 and a 1 year high of $40.31. The company has a market capitalization of $2,155.62, a price-to-earnings ratio of -48.75 and a beta of 4.73.

Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to analyst estimates of $45.02 million. During the same period in the previous year, the company posted ($0.22) earnings per share. The company’s quarterly 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 year.

A number of institutional investors and hedge funds have recently modified their holdings of COUP. Vanguard Group Inc. increased its stake in Coupa Software by 260.3% during the second quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock valued at $78,254,000 after acquiring an additional 1,950,862 shares during the period. Sylebra HK Co Ltd increased its stake in Coupa Software by 79.9% during the third quarter. Sylebra HK Co Ltd now owns 2,166,792 shares of the technology company’s stock valued at $67,496,000 after acquiring an additional 962,418 shares during the period. Victory Capital Management Inc. bought a new position in Coupa Software during the third quarter valued at about $24,428,000. Janus Henderson Group PLC bought a new position in Coupa Software during the second quarter valued at about $18,242,000. Finally, Soma Equity Partners LP increased its stake in Coupa Software by 60.0% during the third quarter. Soma Equity Partners LP now owns 1,120,000 shares of the technology company’s stock valued at $34,888,000 after acquiring an additional 420,000 shares during the period. Hedge funds and other institutional investors own 76.14% of the company’s stock.

A number of equities analysts have recently commented on COUP shares. Zacks Investment Research upgraded Coupa Software from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Barclays upgraded Coupa Software from an “equal weight” rating to an “overweight” rating and set a $38.00 price objective on the stock in a research note on Monday, January 8th. Raymond James Financial reiterated a “buy” rating and issued a $40.00 price objective on shares of Coupa Software in a research note on Tuesday, December 12th. Royal Bank of Canada reiterated a “buy” rating and issued a $41.00 price objective on shares of Coupa Software in a research note on Wednesday, November 15th. Finally, Oppenheimer started coverage on Coupa Software in a research note on Thursday, December 21st. They issued a “buy” rating and a $41.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price 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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