Coupa Software Inc (COUP) Insider Sells $43,845.63 in Stock
Coupa Software Inc (NASDAQ:COUP) insider Anthony D. Tiscornia sold 1,293 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $33.91, for a total value of $43,845.63. Following the transaction, the insider now directly owns 1,033 shares of the company’s stock, valued at approximately $35,029.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
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 firm has a market capitalization of $2,069.20, a PE ratio of -47.11 and a beta of 4.39. Coupa Software Inc has a one year low of $22.50 and a one year high of $38.06.
Coupa Software (NASDAQ:COUP) last posted its earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.06. The company had revenue of $47.30 million during the quarter, compared to analysts’ expectations of $45.02 million. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.22) earnings per share. research analysts anticipate that Coupa Software Inc will post -0.94 EPS for the current fiscal year.
A number of brokerages have commented on COUP. Northland Securities set a $41.00 target price on Coupa Software and gave the company a “buy” rating in a report on Wednesday. Needham & Company LLC began coverage on Coupa Software in a report on Wednesday, January 10th. They set a “buy” rating and a $39.00 target price for the company. Barclays raised Coupa Software from an “equal weight” rating to an “overweight” rating and set a $38.00 target price for the company in a report on Monday, January 8th. Oppenheimer began coverage on Coupa Software in a report on Friday, December 29th. They issued an “outperform” rating and a $41.00 price target for the company. Finally, CIBC began coverage on Coupa Software in a report on Friday, December 22nd. They issued an “outperform” rating and a $41.00 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. Coupa Software currently has a consensus rating of “Buy” and a consensus price target of $36.87.
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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