Coupa Software Sees Unusually Large Options Volume (COUP)
Coupa Software (NASDAQ:COUP) saw unusually large options trading activity on Tuesday. Stock investors purchased 932 call options on the company. This represents an increase of 1,480% compared to the typical daily volume of 59 call options.
In related news, insider Ravi Thakur sold 11,240 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $35.90, for a total transaction of $403,516.00. Following the sale, the insider now directly owns 13,436 shares in the company, valued at $482,352.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anthony D. Tiscornia sold 2,344 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $31.37, for a total transaction of $73,531.28. Following the sale, the insider now owns 1,563 shares in the company, valued at $49,031.31. The disclosure for this sale can be found here. Insiders have sold 491,519 shares of company stock worth $16,224,868 over the last quarter. Insiders own 32.10% of the company’s stock.
A number of institutional investors have recently made changes to their positions in COUP. BNP Paribas Arbitrage SA increased its stake in Coupa Software by 2,294.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock valued at $106,000 after purchasing an additional 3,511 shares during the last quarter. American International Group Inc. purchased a new position in Coupa Software in the first quarter valued at approximately $132,000. Hillsdale Investment Management Inc. purchased a new position in Coupa Software in the second quarter valued at approximately $142,000. Trexquant Investment LP purchased a new position in Coupa Software in the third quarter valued at approximately $274,000. Finally, Symmetry Peak Management LLC purchased a new position in Coupa Software in the second quarter valued at approximately $290,000. Institutional investors own 76.68% of the company’s stock.
A number of research firms recently weighed in on COUP. Royal Bank Of Canada upped their target price on shares of Coupa Software from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 6th. Barclays restated a “hold” rating and set a $38.00 target price (up from $34.00) on shares of Coupa Software in a research note on Monday, November 27th. Cantor Fitzgerald restated a “buy” rating and set a $36.00 target price on shares of Coupa Software in a research note on Tuesday. Zacks Investment Research lowered shares of Coupa Software from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. Finally, ValuEngine upgraded shares of Coupa Software from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $35.69.
Coupa Software (NASDAQ:COUP) opened at $32.85 on Friday. Coupa Software has a one year low of $22.50 and a one year high of $37.72.
Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.06. The company had revenue of $47.30 million for the quarter, compared to analyst estimates of $45.02 million. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.71%. The firm’s revenue was up 33.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.22) earnings per share. sell-side analysts expect that Coupa Software will post -1 earnings per share for the current fiscal year.
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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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