Coupa Software (COUP) CFO Sells $397,800.00 in Stock
Coupa Software (NASDAQ:COUP) CFO Todd R. Ford sold 12,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $33.15, for a total transaction of $397,800.00. Following the completion of the sale, the chief financial officer now directly owns 17,349 shares of the company’s stock, valued at approximately $575,119.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Coupa Software (COUP) opened at $32.50 on Thursday. Coupa Software has a one year low of $22.50 and a one year high of $37.72.
Coupa Software (NASDAQ:COUP) last issued its quarterly earnings data on Monday, December 4th. The technology company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.40%. The business had revenue of $47.30 million for the quarter, compared to analysts’ expectations of $45.02 million. During the same period in the previous year, the business earned ($0.22) earnings per share. The company’s revenue was up 33.6% on a year-over-year basis. equities analysts expect that Coupa Software will post -0.94 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA raised its position in Coupa Software by 2,294.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock worth $106,000 after acquiring an additional 3,511 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in Coupa Software in the 2nd quarter worth about $142,000. Trexquant Investment LP purchased a new position in Coupa Software in the 3rd quarter worth about $274,000. Symmetry Peak Management LLC purchased a new position in Coupa Software in the 2nd quarter worth about $290,000. Finally, Legal & General Group Plc increased its stake in Coupa Software by 436.1% in the 2nd quarter. Legal & General Group Plc now owns 10,792 shares of the technology company’s stock worth $312,000 after purchasing an additional 8,779 shares in the last quarter. Hedge funds and other institutional investors own 74.67% of the company’s stock.
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About Coupa Software
Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.
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