Coupa Software Inc (COUP) CRO Sells $438,703.20 in Stock
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 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.
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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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