Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford sold 12,500 shares of Coupa Software stock in a transaction on Friday, May 17th. The shares were sold at an average price of $110.21, for a total value of $1,377,625.00. Following the completion of the sale, the chief financial officer now directly owns 30,696 shares of the company’s stock, valued at approximately $3,383,006.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
COUP stock traded down $1.35 during trading on Friday, reaching $109.98. 1,503,300 shares of the stock traded hands, compared to its average volume of 1,418,562. Coupa Software Inc has a 52-week low of $49.62 and a 52-week high of $111.90. The company has a market cap of $6.66 billion, a PE ratio of -164.15 and a beta of 1.88.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Monday, March 11th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.08. Coupa Software had a negative return on equity of 14.28% and a negative net margin of 21.33%. The firm had revenue of $74.91 million during the quarter, compared to the consensus estimate of $68.07 million. Equities analysts predict that Coupa Software Inc will post -0.78 earnings per share for the current fiscal year.
A number of brokerages have recently commented on COUP. Goldman Sachs Group began coverage on Coupa Software in a research report on Friday, February 1st. They issued a “buy” rating and a $96.00 price objective for the company. Bank of America began coverage on Coupa Software in a research report on Monday. They issued a “buy” rating and a $120.00 price objective for the company. Raymond James lifted their price objective on Coupa Software from $86.00 to $107.00 in a research report on Tuesday, March 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $108.00 price objective (up previously from $83.00) on shares of Coupa Software in a research report on Tuesday, March 12th. They noted that the move was a valuation call. Finally, Barclays reaffirmed a “hold” rating and issued a $86.00 price objective on shares of Coupa Software in a research report on Wednesday, March 13th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $96.80.
Several institutional investors and hedge funds have recently modified their holdings of COUP. Bank of New York Mellon Corp lifted its stake in shares of Coupa Software by 6.4% during the third quarter. Bank of New York Mellon Corp now owns 233,438 shares of the technology company’s stock worth $18,465,000 after purchasing an additional 14,113 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Coupa Software during the third quarter worth about $1,767,000. AQR Capital Management LLC lifted its stake in shares of Coupa Software by 47.1% during the third quarter. AQR Capital Management LLC now owns 27,518 shares of the technology company’s stock worth $2,177,000 after purchasing an additional 8,815 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of Coupa Software by 6.0% during the third quarter. Teachers Advisors LLC now owns 333,224 shares of the technology company’s stock worth $26,358,000 after purchasing an additional 18,714 shares in the last quarter. Finally, Morgan Stanley lifted its stake in shares of Coupa Software by 3.8% during the third quarter. Morgan Stanley now owns 3,733,253 shares of the technology company’s stock worth $295,300,000 after purchasing an additional 137,624 shares in the last quarter. Institutional investors own 95.69% of the company’s stock.
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About Coupa Software
Coupa Software Incorporated provides cloud-based business spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability.
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