Coupa Software Inc (COUP) Major Shareholder Dorado Ventures Vii L. P. El Sells 1,041,266 Shares
Coupa Software Inc (NASDAQ:COUP) major shareholder Dorado Ventures Vii L. P. El sold 1,041,266 shares of the firm’s stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $24.05, for a total value of $25,042,447.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Coupa Software Inc (NASDAQ:COUP) traded down 2.89% during trading on Thursday, reaching $30.26. The company’s stock had a trading volume of 636,681 shares. The company’s market cap is $1.53 billion. Coupa Software Inc has a 12 month low of $22.50 and a 12 month high of $41.61. The stock’s 50-day moving average is $25.72 and its 200 day moving average is $26.46.
Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Monday, March 13th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.16. The firm earned $38.02 million during the quarter, compared to the consensus estimate of $35.87 million. Coupa Software’s revenue was up 44.2% on a year-over-year basis. On average, equities analysts forecast that Coupa Software Inc will post ($0.52) EPS for the current fiscal year.
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Several analysts recently commented on the company. Zacks Investment Research raised Coupa Software from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. Loop Capital assumed coverage on Coupa Software in a research note on Tuesday, February 14th. They set a “hold” rating and a $27.00 price objective on the stock. Finally, Vetr downgraded Coupa Software from a “hold” rating to a “strong sell” rating and set a $24.91 price objective on the stock. in a research note on Wednesday, February 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $28.56.
Large investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Coupa Software during the fourth quarter worth about $260,000. Teachers Advisors LLC purchased a new stake in shares of Coupa Software during the fourth quarter worth about $268,000. Norges Bank purchased a new stake in shares of Coupa Software during the fourth quarter worth about $500,000. Franklin Resources Inc. purchased a new stake in shares of Coupa Software during the fourth quarter worth about $595,000. Finally, FMR LLC purchased a new stake in shares of Coupa Software during the fourth quarter worth about $603,000. 0.96% of the stock is currently owned by institutional investors and hedge funds.
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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