Coupa Software Inc (NASDAQ:COUP) CAO Anthony D. Tiscornia sold 1,223 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $125.70, for a total value of $153,731.10. Following the completion of the sale, the chief accounting officer now directly owns 828 shares in the company, valued at $104,079.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
COUP opened at $136.29 on Thursday. Coupa Software Inc has a 12-month low of $52.01 and a 12-month high of $140.69. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of -203.42 and a beta of 1.61. The firm has a 50 day simple moving average of $121.76. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.07 and a quick ratio of 1.07.
Coupa Software (NASDAQ:COUP) last announced its quarterly earnings data on Monday, June 3rd. The technology company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.29. Coupa Software had a negative return on equity of 14.29% and a negative net margin of 21.22%. The company had revenue of $81.30 million for the quarter, compared to analyst estimates of $73.85 million. During the same quarter last year, the firm earned ($0.01) EPS. Coupa Software’s revenue for the quarter was up 44.1% compared to the same quarter last year. As a group, equities research analysts expect that Coupa Software Inc will post -1.19 EPS for the current year.
COUP has been the subject of several research analyst reports. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. Barclays raised their price target on Coupa Software from $95.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 4th. They noted that the move was a valuation call. Morgan Stanley set a $17.00 price objective on BOX and gave the company a “hold” rating in a report on Tuesday, June 4th. Needham & Company LLC reissued a “buy” rating and set a $140.00 price objective (up previously from $120.00) on shares of Coupa Software in a report on Thursday, June 27th. Finally, Northland Securities reissued a “buy” rating and set a $10.00 price objective on shares of Aytu Bioscience in a report on Tuesday, June 4th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $110.38.
Large investors have recently made changes to their positions in the company. WINTON GROUP Ltd bought a new stake in shares of Coupa Software in the second quarter valued at about $371,000. FMR LLC raised its stake in Coupa Software by 86.9% in the first quarter. FMR LLC now owns 3,467,506 shares of the technology company’s stock valued at $315,474,000 after buying an additional 1,612,326 shares during the period. Gilder Gagnon Howe & Co. LLC raised its stake in Coupa Software by 15.2% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 273,376 shares of the technology company’s stock valued at $24,872,000 after buying an additional 36,005 shares during the period. Nordea Investment Management AB bought a new stake in Coupa Software in the first quarter valued at approximately $3,872,000. Finally, Advisory Services Network LLC raised its stake in Coupa Software by 71.6% in the first quarter. Advisory Services Network LLC now owns 1,865 shares of the technology company’s stock valued at $170,000 after buying an additional 778 shares during the period. 99.14% of the stock is currently owned by institutional investors.
Coupa Software Company Profile
Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.
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