Coupa Software (COUP) CRO Sells $389,164.88 in Stock
Coupa Software (NASDAQ:COUP) CRO Steven M. Winter sold 11,336 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $34.33, for a total value of $389,164.88. Following the completion of the transaction, the executive now directly owns 12,480 shares in the company, valued at $428,438.40. The sale was disclosed in a filing with the SEC, which is available through this link.
Coupa Software (COUP) traded down $0.12 during trading hours on Wednesday, hitting $33.56. The stock had a trading volume of 246,736 shares, compared to its average volume of 472,438. Coupa Software has a 1 year low of $22.50 and a 1 year high of $37.72.
Coupa Software (NASDAQ:COUP) last released its earnings results 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. The firm had revenue of $47.30 million during the quarter, compared to the consensus estimate of $45.02 million. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The company’s revenue was up 33.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.22) EPS. sell-side analysts anticipate that Coupa Software will post -0.94 earnings per share for the current year.
A number of brokerages have commented on COUP. Royal Bank of Canada upped their price objective on Coupa Software from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Wednesday, September 6th. Zacks Investment Research lowered Coupa Software from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Barclays reaffirmed a “hold” rating and issued a $38.00 price objective (up from $34.00) on shares of Coupa Software in a report on Monday, November 27th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Coupa Software in a report on Tuesday, December 5th. Finally, ValuEngine raised Coupa Software from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. 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 presently has an average rating of “Hold” and a consensus price target of $35.84.
Large investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC bought a new stake in shares of Coupa Software during the 2nd quarter valued at $384,000. Sylebra HK Co Ltd lifted its position in shares of Coupa Software by 6.5% during the 2nd quarter. Sylebra HK Co Ltd now owns 1,204,374 shares of the technology company’s stock valued at $34,903,000 after acquiring an additional 73,654 shares during the period. Vanguard Group Inc. lifted its position in shares of Coupa Software by 260.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock valued at $78,254,000 after acquiring an additional 1,950,862 shares during the period. Capital World Investors lifted its position in shares of Coupa Software by 39.2% during the 2nd quarter. Capital World Investors now owns 1,837,112 shares of the technology company’s stock valued at $53,240,000 after acquiring an additional 517,000 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of Coupa Software by 17.2% during the 2nd quarter. Wells Fargo & Company MN now owns 321,265 shares of the technology company’s stock valued at $9,310,000 after acquiring an additional 47,131 shares during the period. Hedge funds and other institutional investors own 76.68% of the company’s stock.
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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