Coupa Software Inc (NASDAQ:COUP) insider Anthony D. Tiscornia sold 1,293 shares of the business’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $33.91, for a total value of $43,845.63. Following the completion of the transaction, the insider now directly owns 1,033 shares of the company’s stock, valued at $35,029.03. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Coupa Software Inc (NASDAQ COUP) traded up $0.10 during mid-day trading on Friday, reaching $37.69. The company’s stock had a trading volume of 678,443 shares, compared to its average volume of 498,153. The stock has a market capitalization of $2,069.20, a P/E ratio of -47.11 and a beta of 4.39. Coupa Software Inc has a 52 week low of $22.50 and a 52 week high of $38.06.
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, topping analysts’ consensus estimates of ($0.11) by $0.06. The company had revenue of $47.30 million for the quarter, compared to the consensus estimate of $45.02 million. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. Coupa Software’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.22) earnings per share. research analysts forecast that Coupa Software Inc will post -0.94 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised its holdings in shares of Coupa Software by 2,294.8% during the second quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock valued at $106,000 after acquiring an additional 3,511 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Coupa Software during the second quarter valued at approximately $142,000. Personal Capital Advisors Corp acquired a new position in shares of Coupa Software during the fourth quarter valued at approximately $261,000. Trexquant Investment LP acquired a new position in shares of Coupa Software during the third quarter valued at approximately $274,000. Finally, Symmetry Peak Management LLC acquired a new position in shares of Coupa Software during the second quarter valued at approximately $290,000. 74.67% of the stock is owned by institutional investors and hedge funds.
COUP has been the topic of several recent analyst reports. Barclays raised Coupa Software from an “equal weight” rating to an “overweight” rating and set a $38.00 target price on the stock in a research report on Monday, January 8th. Royal Bank of Canada restated a “buy” rating and issued a $41.00 target price on shares of Coupa Software in a research note on Wednesday, November 15th. Northland Securities set a $41.00 target price on Coupa Software and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded Coupa Software from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Raymond James Financial restated a “buy” rating and issued a $40.00 target price on shares of Coupa Software in a research note on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $36.87.
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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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