Insider Selling: Coupa Software Inc (COUP) CFO Sells $46,734.72 in Stock
Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford sold 1,446 shares of Coupa Software stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $32.32, for a total transaction of $46,734.72. Following the completion of the transaction, the chief financial officer now directly owns 8,082 shares of the company’s stock, valued at approximately $261,210.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Coupa Software Inc (NASDAQ COUP) opened at $31.87 on Monday. The company has a market cap of $1,740.00 and a PE ratio of -31.87. Coupa Software Inc has a one year low of $22.50 and a one year high of $37.72.
Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.06. The business had revenue of $47.30 million during the quarter, compared to analysts’ expectations of $45.02 million. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.40%. The company’s quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.22) earnings per share. analysts anticipate that Coupa Software Inc will post -0.94 earnings per share for the current fiscal year.
A number of research analysts have weighed in on the stock. ValuEngine raised shares of Coupa Software from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Barclays reaffirmed a “hold” rating and issued a $38.00 price objective (up previously from $34.00) on shares of Coupa Software in a report on Monday, November 27th. Zacks Investment Research raised shares of Coupa Software from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Coupa Software in a report on Monday, December 11th. Finally, Raymond James Financial reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Coupa Software in a report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $36.53.
Several hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its stake in shares of Coupa Software by 5.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 28,056 shares of the technology company’s stock worth $713,000 after purchasing an additional 1,368 shares in the last quarter. American International Group Inc. boosted its position in Coupa Software by 8.1% during the third quarter. American International Group Inc. now owns 19,989 shares of the technology company’s stock worth $623,000 after acquiring an additional 1,494 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Coupa Software by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 113,344 shares of the technology company’s stock worth $3,531,000 after acquiring an additional 2,782 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in 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 worth $106,000 after acquiring an additional 3,511 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in Coupa Software during the second quarter worth about $142,000. 74.67% of the stock is owned by institutional investors and hedge funds.
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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