Coupa Software Inc (COUP) CFO Todd R. Ford Sells 12,000 Shares
Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $46.46, for a total value of $557,520.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Todd R. Ford also recently made the following trade(s):
- On Monday, March 19th, Todd R. Ford sold 112,500 shares of Coupa Software stock. The stock was sold at an average price of $46.21, for a total value of $5,198,625.00.
Shares of Coupa Software stock opened at $47.26 on Thursday. Coupa Software Inc has a 52 week low of $22.50 and a 52 week high of $50.69.
Several equities research analysts have recently commented on COUP shares. Zacks Investment Research raised Coupa Software from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Thursday, December 7th. Cantor Fitzgerald reissued a “buy” rating and set a $36.00 price target on shares of Coupa Software in a research note on Tuesday, December 5th. Oppenheimer started coverage on Coupa Software in a research note on Thursday, December 21st. They set a “buy” rating and a $41.00 price target on the stock. Raymond James Financial reissued a “buy” rating and set a $40.00 price target on shares of Coupa Software in a research note on Tuesday, December 12th. Finally, Northland Securities set a $41.00 price target on Coupa Software and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $46.13.
Hedge funds have recently bought and sold shares of the stock. Highland Capital Management LP purchased a new stake in Coupa Software in the 4th quarter valued at approximately $3,122,000. Hershey Trust Co. raised its holdings in Coupa Software by 1,252.0% in the 4th quarter. Hershey Trust Co. now owns 25,025 shares of the technology company’s stock valued at $781,000 after acquiring an additional 23,174 shares during the last quarter. AlpInvest Partners B.V. acquired a new position in Coupa Software in the 3rd quarter valued at $10,236,000. Crestline Management LP acquired a new position in Coupa Software in the 3rd quarter valued at $909,000. Finally, Monashee Investment Management LLC acquired a new position in Coupa Software in the 4th quarter valued at $1,405,000. 88.39% of the stock is currently owned by hedge funds and other institutional investors.
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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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