Coupa Software Inc (COUP) Insider Sells $74,415.12 in Stock

Coupa Software Inc (NASDAQ:COUP) insider Anthony D. Tiscornia sold 782 shares of the firm’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $95.16, for a total transaction of $74,415.12. Following the sale, the insider now owns 521 shares in the company, valued at $49,578.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of COUP traded down $1.24 during midday trading on Wednesday, reaching $94.72. The stock had a trading volume of 2,891,800 shares, compared to its average volume of 1,470,918. The company has a market cap of $5.70 billion, a PE ratio of -124.63 and a beta of 1.88. Coupa Software Inc has a one year low of $38.95 and a one year high of $96.77.

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Coupa Software (NASDAQ:COUP) last announced its earnings results on Monday, December 3rd. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.11. The business had revenue of $67.46 million during the quarter, compared to the consensus estimate of $62.59 million. Coupa Software had a negative net margin of 19.93% and a negative return on equity of 14.03%. Coupa Software’s revenue was up 42.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) EPS. As a group, analysts expect that Coupa Software Inc will post -0.72 earnings per share for the current year.

A number of brokerages recently commented on COUP. Zacks Investment Research upgraded shares of Coupa Software from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Thursday, December 6th. Loop Capital upgraded shares of Coupa Software from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Friday, November 30th. Goldman Sachs Group began coverage on shares of Coupa Software in a report on Friday, February 1st. They set a “buy” rating and a $96.00 price objective on the stock. Barclays raised their price objective on shares of Coupa Software from $69.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 4th. Finally, UBS Group dropped their price objective on shares of Coupa Software from $90.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, December 4th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $70.73.

Several hedge funds have recently made changes to their positions in COUP. Karp Capital Management Corp acquired a new stake in Coupa Software in the 4th quarter worth about $31,000. Advisor Group Inc. raised its stake in Coupa Software by 114.5% in the 4th quarter. Advisor Group Inc. now owns 1,521 shares of the technology company’s stock worth $96,000 after purchasing an additional 812 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in Coupa Software in the 3rd quarter worth about $220,000. Winslow Evans & Crocker Inc. acquired a new stake in Coupa Software in the 4th quarter worth about $178,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Coupa Software in the 3rd quarter valued at approximately $277,000. 95.01% of the stock is owned by institutional investors and hedge funds.

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Coupa Software Company Profile

Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.

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