Coupa Software Inc (NASDAQ:COUP) CRO Steven M. Winter sold 5,668 shares of the stock in a transaction that occurred on Friday, October 12th. The stock was sold at an average price of $63.10, for a total transaction of $357,650.80. Following the completion of the sale, the executive now directly owns 7,440 shares of the company’s stock, valued at $469,464. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
NASDAQ COUP opened at $64.54 on Friday. The company has a market capitalization of $3.90 billion, a PE ratio of -84.92 and a beta of 1.02. Coupa Software Inc has a 52-week low of $30.65 and a 52-week high of $84.53.
Coupa Software (NASDAQ:COUP) last released its quarterly earnings data on Tuesday, September 4th. The technology company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.13. Coupa Software had a negative return on equity of 16.73% and a negative net margin of 22.52%. The firm had revenue of $61.65 million for the quarter, compared to the consensus estimate of $56.61 million. As a group, research analysts anticipate that Coupa Software Inc will post -0.98 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC acquired a new position in Coupa Software in the third quarter worth approximately $1,886,000. Seven Eight Capital LP increased its holdings in Coupa Software by 19.9% in the third quarter. Seven Eight Capital LP now owns 55,400 shares of the technology company’s stock worth $4,382,000 after buying an additional 9,200 shares during the last quarter. Nisa Investment Advisors LLC acquired a new position in Coupa Software in the third quarter worth approximately $2,091,000. First Hawaiian Bank acquired a new position in Coupa Software in the third quarter worth approximately $353,000. Finally, Menlo Advisors LLC acquired a new position in Coupa Software in the third quarter worth approximately $1,858,000. Hedge funds and other institutional investors own 96.98% of the company’s stock.
A number of research firms have recently issued reports on COUP. Barclays increased their price target on shares of Coupa Software from $53.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 15th. Oppenheimer increased their price target on shares of Coupa Software from $62.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 29th. Zacks Investment Research raised shares of Coupa Software from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Monday, August 6th. Raymond James increased their price target on shares of Coupa Software from $60.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 5th. Finally, Cantor Fitzgerald increased their price target on shares of Coupa Software from $67.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 5th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Coupa Software presently has an average rating of “Buy” and an average target price of $63.69.
About Coupa Software
Coupa Software Incorporated provides cloud-based 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. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.
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