Coupa Software Inc (NASDAQ:COUP) CAO Sells $153,731.10 in Stock

Coupa Software Inc (NASDAQ:COUP) CAO Anthony D. Tiscornia sold 1,223 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were 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 owns 828 shares of the company’s stock, valued at approximately $104,079.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of COUP stock opened at $118.94 on Thursday. The business’s fifty day simple moving average is $114.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.07. Coupa Software Inc has a 12-month low of $52.01 and a 12-month high of $129.40.

Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, June 3rd. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.29. The business had revenue of $81.30 million for the quarter, compared to the consensus estimate of $73.85 million. Coupa Software had a negative return on equity of 14.29% and a negative net margin of 21.22%. The business’s quarterly revenue was up 44.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) earnings per share. On average, analysts predict that Coupa Software Inc will post -1.19 earnings per share for the current year.

A number of analysts have weighed in on COUP shares. Zacks Investment Research upgraded Coupa Software from a “sell” rating to a “hold” rating in a report on Thursday, June 20th. Oppenheimer upped their target price on Coupa Software from $111.00 to $130.00 in a report on Tuesday, June 18th. Northland Securities restated a “hold” rating and set a $85.00 target price on shares of Coupa Software in a report on Tuesday, June 4th. Barclays upped their price target on Coupa Software from $95.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 4th. They noted that the move was a valuation call. Finally, KeyCorp upped their price target on Coupa Software from $123.00 to $127.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 4th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Coupa Software has a consensus rating of “Buy” and a consensus price target of $108.38.

Several hedge funds have recently modified their holdings of COUP. Vanguard Group Inc increased its position in shares of Coupa Software by 11.3% in the third quarter. Vanguard Group Inc now owns 4,610,782 shares of the technology company’s stock worth $364,712,000 after purchasing an additional 467,714 shares during the period. Rhumbline Advisers lifted its holdings in Coupa Software by 49.4% during the fourth quarter. Rhumbline Advisers now owns 71,887 shares of the technology company’s stock worth $4,519,000 after buying an additional 23,759 shares during the period. Prudential Financial Inc. lifted its holdings in Coupa Software by 27.6% during the fourth quarter. Prudential Financial Inc. now owns 6,002 shares of the technology company’s stock worth $377,000 after buying an additional 1,300 shares during the period. New York State Common Retirement Fund lifted its holdings in Coupa Software by 66.6% during the fourth quarter. New York State Common Retirement Fund now owns 112,037 shares of the technology company’s stock worth $7,043,000 after buying an additional 44,808 shares during the period. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Coupa Software during the fourth quarter worth $482,000. 99.14% of the stock is currently owned by institutional investors and hedge funds.

About Coupa Software

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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