Coupa Software Inc (NASDAQ:COUP) insider Anthony D. Tiscornia sold 316 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $32.32, for a total value of $10,213.12. Following the transaction, the insider now owns 828 shares of the company’s stock, valued at approximately $26,760.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Coupa Software Inc (NASDAQ:COUP) traded down $0.18 during mid-day trading on Monday, reaching $31.87. The company’s stock had a trading volume of 253,500 shares, compared to its average volume of 472,222. Coupa Software Inc has a one year low of $22.50 and a one year high of $37.72. The firm has a market cap of $1,740.00 and a price-to-earnings ratio of -31.87.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.06. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The company had revenue of $47.30 million during the quarter, compared to analyst estimates of $45.02 million. During the same quarter in the previous year, the firm posted ($0.22) EPS. The firm’s quarterly revenue was up 33.6% on a year-over-year basis. research analysts expect that Coupa Software Inc will post -0.94 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Coupa Software by 27.5% in the 1st quarter. Vanguard Group Inc. now owns 749,441 shares of the technology company’s stock worth $19,035,000 after buying an additional 161,830 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Coupa Software by 6.5% in the 1st quarter. Geode Capital Management LLC now owns 98,463 shares of the technology company’s stock worth $2,500,000 after buying an additional 5,967 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Coupa Software by 5.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 28,056 shares of the technology company’s stock worth $713,000 after buying an additional 1,368 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Coupa Software by 304.4% in the 2nd quarter. Rhumbline Advisers now owns 33,358 shares of the technology company’s stock worth $967,000 after buying an additional 25,110 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Coupa Software by 306.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 110,562 shares of the technology company’s stock worth $3,204,000 after buying an additional 83,373 shares in the last quarter. Institutional investors own 74.67% of the company’s stock.

A number of research analysts recently issued reports on the company. CIBC assumed coverage on Coupa Software in a research report on Friday. They set an “outperform” rating and a $41.00 price objective for the company. Oppenheimer assumed coverage on Coupa Software in a research report on Thursday. They set a “buy” rating and a $41.00 price objective for the company. Raymond James Financial restated a “buy” rating and set a $40.00 price objective on shares of Coupa Software in a research report on Tuesday, December 12th. Cantor Fitzgerald restated a “buy” rating and set a $38.00 price objective on shares of Coupa Software in a research report on Monday, December 11th. Finally, Zacks Investment Research lowered Coupa Software from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $36.53.

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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.

Insider Buying and Selling by Quarter for Coupa Software (NASDAQ:COUP)

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