Coupa Software (COUP) CFO Todd R. Ford Sells 12,000 Shares
Coupa Software (NASDAQ:COUP) CFO Todd R. Ford sold 12,000 shares of Coupa Software stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $34.03, for a total transaction of $408,360.00. Following the completion of the transaction, the chief financial officer now directly owns 17,349 shares of the company’s stock, valued at $590,386.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Coupa Software (COUP) traded up $0.47 on Wednesday, hitting $34.52. 241,900 shares of the company’s stock were exchanged, compared to its average volume of 466,104. Coupa Software has a fifty-two week low of $22.50 and a fifty-two week high of $37.72.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Tuesday, September 5th. The technology company reported ($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.18. The business had revenue of $44.60 million during the quarter, compared to analyst estimates of $41.59 million. Coupa Software had a negative net margin of 24.00% and a negative return on equity of 19.01%. Coupa Software’s revenue was up 43.4% on a year-over-year basis. sell-side analysts anticipate that Coupa Software will post -1 EPS for the current year.
Large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its position in shares of Coupa Software by 2,294.8% during 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 during the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of Coupa Software during the second quarter worth $142,000. American International Group Inc. bought a new position in shares of Coupa Software during the first quarter worth $132,000. Trexquant Investment LP bought a new position in shares of Coupa Software during the third quarter worth $274,000. Finally, Symmetry Peak Management LLC bought a new position in shares of Coupa Software during the second quarter worth $290,000. Hedge funds and other institutional investors own 66.95% of the company’s stock.
COUP has been the subject of several recent analyst reports. First Analysis initiated coverage on shares of Coupa Software in a report on Monday, August 7th. They issued an “overweight” rating and a $37.00 target price for the company. Northland Securities reaffirmed a “buy” rating and issued a $38.00 target price on shares of Coupa Software in a report on Thursday, August 10th. Royal Bank Of Canada lifted their target price on shares of Coupa Software from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Wednesday, September 6th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $36.00 target price on shares of Coupa Software in a report on Wednesday, September 6th. Finally, Zacks Investment Research cut shares of Coupa Software from a “hold” rating to a “sell” rating in a report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $35.16.
Coupa Software Company Profile
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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