Coupa Software Inc (NASDAQ:COUP) CRO Steven M. Winter sold 259 shares of the business’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $75.76, for a total transaction of $19,621.84. Following the completion of the transaction, the executive now owns 2,031 shares in the company, valued at approximately $153,868.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ COUP opened at $76.86 on Tuesday. Coupa Software Inc has a 1 year low of $30.15 and a 1 year high of $84.53.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Tuesday, September 4th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.13. Coupa Software had a negative net margin of 22.52% and a negative return on equity of 16.73%. The company had revenue of $61.65 million for the quarter, compared to analysts’ expectations of $56.61 million. equities analysts expect that Coupa Software Inc will post -0.98 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in COUP. Schwab Charles Investment Management Inc. increased its position in shares of Coupa Software by 7.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 148,000 shares of the technology company’s stock valued at $6,752,000 after buying an additional 9,653 shares during the period. Northern Trust Corp increased its position in shares of Coupa Software by 3.1% during the first quarter. Northern Trust Corp now owns 346,650 shares of the technology company’s stock valued at $15,814,000 after buying an additional 10,371 shares during the period. BlackRock Inc. increased its position in shares of Coupa Software by 1.9% during the first quarter. BlackRock Inc. now owns 1,914,211 shares of the technology company’s stock valued at $87,326,000 after buying an additional 36,201 shares during the period. New York State Common Retirement Fund increased its position in shares of Coupa Software by 29.4% during the first quarter. New York State Common Retirement Fund now owns 45,029 shares of the technology company’s stock valued at $2,054,000 after buying an additional 10,229 shares during the period. Finally, California Public Employees Retirement System bought a new stake in Coupa Software during the first quarter worth about $536,000. Institutional investors own 97.76% of the company’s stock.

A number of equities analysts have issued reports on COUP shares. Oppenheimer boosted their price objective on shares of Coupa Software from $55.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, May 31st. Loop Capital boosted their price objective on shares of Coupa Software to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, June 5th. They noted that the move was a valuation call. Cantor Fitzgerald restated a “buy” rating and issued a $67.00 price objective (up previously from $58.00) on shares of Coupa Software in a research report on Tuesday, June 5th. SunTrust Banks boosted their price objective on shares of Coupa Software to $65.00 and gave the company a “buy” rating in a research report on Tuesday, June 5th. Finally, Morgan Stanley boosted their price objective on shares of Coupa Software from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 5th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $63.69.

Coupa Software Company Profile

Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.

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