Coupa Software Inc (NASDAQ:COUP) CRO Steven M. Winter sold 11,336 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $38.70, for a total transaction of $438,703.20. Following the completion of the transaction, the executive now directly owns 12,480 shares in the company, valued at $482,976. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Coupa Software Inc (NASDAQ COUP) opened at $39.49 on Wednesday. Coupa Software Inc has a fifty-two week low of $22.50 and a fifty-two week high of $40.31.

Coupa Software (NASDAQ:COUP) last announced its earnings results on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $47.30 million for the quarter, compared to analysts’ expectations of $45.02 million. During the same period last year, the firm earned ($0.22) earnings per share. The business’s revenue for the quarter was up 33.6% on a year-over-year basis. analysts predict that Coupa Software Inc will post -0.94 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Coupa Software by 260.3% during the second quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock worth $78,254,000 after purchasing an additional 1,950,862 shares during the period. Sylebra HK Co Ltd increased its holdings in shares of Coupa Software by 79.9% during the third quarter. Sylebra HK Co Ltd now owns 2,166,792 shares of the technology company’s stock worth $67,496,000 after purchasing an additional 962,418 shares during the period. BlackRock Inc. increased its holdings in shares of Coupa Software by 1.2% during the fourth quarter. BlackRock Inc. now owns 1,878,010 shares of the technology company’s stock worth $58,631,000 after purchasing an additional 22,441 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Coupa Software by 52.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,194,430 shares of the technology company’s stock worth $37,290,000 after purchasing an additional 410,240 shares during the period. Finally, Soma Equity Partners LP increased its holdings in shares of Coupa Software by 60.0% during the third quarter. Soma Equity Partners LP now owns 1,120,000 shares of the technology company’s stock worth $34,888,000 after purchasing an additional 420,000 shares during the period. 76.14% of the stock is currently owned by institutional investors.

Several research firms have weighed in on COUP. CIBC began coverage on shares of Coupa Software in a report on Friday, December 22nd. They issued an “outperform” rating and a $41.00 price target on the stock. Northland Securities set a $41.00 price target on shares of Coupa Software and gave the company a “buy” rating in a report on Wednesday, January 17th. Zacks Investment Research cut shares of Coupa Software from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Barclays reissued a “hold” rating and issued a $38.00 price target (up from $34.00) on shares of Coupa Software in a report on Monday, November 27th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $36.00 price target on shares of Coupa Software in a report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $38.52.

TRADEMARK VIOLATION NOTICE: “Coupa Software Inc (COUP) CRO Sells $438,703.20 in Stock” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://www.watchlistnews.com/coupa-software-inc-coup-cro-sells-438703-20-in-stock/1865615.html.

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.

Insider Buying and Selling by Quarter for Coupa Software (NASDAQ:COUP)

Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.