Coupa Software Inc (NASDAQ:COUP) CRO Steven M. Winter sold 11,336 shares of Coupa Software stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $48.85, for a total transaction of $553,763.60. Following the completion of the transaction, the executive now owns 12,480 shares of the company’s stock, valued at approximately $609,648. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Coupa Software Inc (NASDAQ COUP) traded up $0.43 during trading on Wednesday, hitting $47.96. 1,107,412 shares of the company were exchanged, compared to its average volume of 875,302. The firm has a market capitalization of $2,640.00 and a price-to-earnings ratio of -57.78. Coupa Software Inc has a fifty-two week low of $22.50 and a fifty-two week high of $50.69.
Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, March 12th. The technology company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.17. The business had revenue of $53.80 million during the quarter, compared to analyst estimates of $48.64 million. Coupa Software had a negative net margin of 23.45% and a negative return on equity of 20.33%. Coupa Software’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) earnings per share. research analysts forecast that Coupa Software Inc will post -0.91 EPS for the current year.
A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $38.00 target price (up previously from $32.00) on shares of Coupa Software in a research note on Tuesday. Needham & Company LLC set a $55.00 target price on shares of Coupa Software and gave the company a “buy” rating in a research note on Tuesday. SunTrust Banks lifted their target price on shares of Coupa Software to $56.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley reiterated an “equal weight” rating and issued a $49.00 target price (up previously from $42.00) on shares of Coupa Software in a research note on Tuesday. Finally, Zacks Investment Research lowered shares of Coupa Software from a “buy” rating to a “hold” rating in a report on Monday. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $46.13.
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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.
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