Coupa Software Inc (NASDAQ:COUP) CAO Anthony D. Tiscornia sold 260 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $143.41, for a total value of $37,286.60. Following the completion of the transaction, the chief accounting officer now directly owns 359 shares of the company’s stock, valued at $51,484.19. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of COUP traded down $0.65 during midday trading on Thursday, reaching $130.61. 18,924 shares of the stock were exchanged, compared to its average volume of 2,351,729. The business’s 50-day moving average price is $138.76 and its 200 day moving average price is $128.94. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.13 and a quick ratio of 2.13. Coupa Software Inc has a twelve month low of $52.01 and a twelve month high of $159.97. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of -194.58 and a beta of 1.58.
Coupa Software (NASDAQ:COUP) last posted its earnings results on Tuesday, September 3rd. The technology company reported ($0.25) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.44) by $0.19. Coupa Software had a negative return on equity of 13.73% and a negative net margin of 20.91%. The business had revenue of $95.00 million for the quarter, compared to analysts’ expectations of $85.38 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The business’s revenue was up 54.0% compared to the same quarter last year. As a group, equities research analysts expect that Coupa Software Inc will post -1.01 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Advantage Investment Management LLC purchased a new position in shares of Coupa Software during the second quarter worth about $25,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Coupa Software during the second quarter worth about $40,000. Destination Wealth Management purchased a new position in shares of Coupa Software during the second quarter worth about $44,000. Neuburgh Advisers LLC grew its holdings in shares of Coupa Software by 100.0% during the second quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock worth $45,000 after buying an additional 176 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Coupa Software by 39.7% during the second quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock worth $51,000 after buying an additional 115 shares during the last quarter.
Several research analysts recently weighed in on the company. KeyCorp boosted their target price on Coupa Software from $171.00 to $178.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 4th. Bank of America boosted their target price on Coupa Software from $168.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Wedbush boosted their target price on Coupa Software from $168.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. SunTrust Banks set a $170.00 price target on Coupa Software and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, Evercore ISI began coverage on Coupa Software in a research note on Thursday, September 26th. They set an “outperform” rating and a $180.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $153.50.
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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