Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford sold 12,500 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $143.62, for a total value of $1,795,250.00. Following the completion of the sale, the chief financial officer now directly owns 33,673 shares in the company, valued at approximately $4,836,116.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Coupa Software stock opened at $143.91 on Monday. The stock’s fifty day moving average is $126.94. The firm has a market capitalization of $8.89 billion, a price-to-earnings ratio of -214.79 and a beta of 1.61. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.07. Coupa Software Inc has a 12-month low of $52.01 and a 12-month high of $148.00.
Coupa Software (NASDAQ:COUP) last announced its 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 company had revenue of $81.30 million for the quarter, compared to analyst estimates of $73.85 million. Coupa Software had a negative return on equity of 14.29% and a negative net margin of 21.22%. Coupa Software’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.01) earnings per share. As a group, equities analysts anticipate that Coupa Software Inc will post -1.19 earnings per share for the current fiscal year.
A number of analysts have recently commented on COUP shares. Morgan Stanley set a $17.00 price objective on BOX and gave the stock a “hold” rating in a research note on Tuesday, June 4th. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. Loop Capital boosted their price objective on Coupa Software to $125.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. JPMorgan Chase & Co. started coverage on INTL CONS AIRL/S in a research note on Tuesday, June 4th. They issued an “overweight” rating on the stock. Finally, Northland Securities boosted their price objective on Coupa Software from $85.00 to $150.00 and gave the stock an “average” rating in a research note on Thursday, July 11th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $115.94.
Institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. boosted its stake in Coupa Software by 27.6% in the 4th quarter. Prudential Financial Inc. now owns 6,002 shares of the technology company’s stock worth $377,000 after purchasing an additional 1,300 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Coupa Software by 2.7% in the 4th quarter. Bank of New York Mellon Corp now owns 239,641 shares of the technology company’s stock worth $15,064,000 after purchasing an additional 6,203 shares in the last quarter. Advisor Group Inc. boosted 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. Northern Trust Corp boosted its stake in Coupa Software by 2.8% in the 4th quarter. Northern Trust Corp now owns 688,164 shares of the technology company’s stock worth $43,257,000 after purchasing an additional 18,518 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in Coupa Software by 27.2% in the 4th quarter. Great West Life Assurance Co. Can now owns 5,168 shares of the technology company’s stock worth $313,000 after purchasing an additional 1,104 shares in the last quarter. 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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