Coupa Software Inc (NASDAQ:COUP) saw some unusual options trading activity on Tuesday. Investors purchased 1,136 call options on the stock. This is an increase of approximately 1,025% compared to the typical volume of 101 call options.
In other news, CEO Robert Bernshteyn sold 63,225 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $33.13, for a total value of $2,094,644.25. Following the completion of the sale, the chief executive officer now owns 162,343 shares of the company’s stock, valued at approximately $5,378,423.59. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Anthony D. Tiscornia sold 782 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $39.33, for a total transaction of $30,756.06. Following the completion of the sale, the insider now directly owns 261 shares of the company’s stock, valued at approximately $10,265.13. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 287,753 shares of company stock valued at $10,593,997. 32.10% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Sylebra HK Co Ltd lifted its holdings in Coupa Software by 82.9% during the 4th quarter. Sylebra HK Co Ltd now owns 3,962,308 shares of the technology company’s stock worth $123,703,000 after buying an additional 1,795,516 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in Coupa Software during the 4th quarter worth approximately $443,000. Pacific Grove Capital LP acquired a new stake in Coupa Software during the 4th quarter worth approximately $3,016,000. Paloma Partners Management Co acquired a new stake in Coupa Software during the 4th quarter worth approximately $594,000. Finally, Two Sigma Investments LP lifted its holdings in Coupa Software by 26.3% during the 4th quarter. Two Sigma Investments LP now owns 362,960 shares of the technology company’s stock worth $11,332,000 after buying an additional 75,596 shares in the last quarter. Institutional investors own 88.39% of the company’s stock.
Coupa Software (NASDAQ COUP) opened at $47.53 on Wednesday. Coupa Software has a fifty-two week low of $22.50 and a fifty-two week high of $50.69. The company has a market cap of $2,707.19, a P/E ratio of -57.27 and a beta of 1.29.
Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, March 12th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.17. The company had revenue of $53.80 million for 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%. The firm’s quarterly revenue was up 41.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.05) EPS. research analysts forecast that Coupa Software will post -0.91 EPS for the current year.
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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.
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