Coupa Software Sees Unusually Large Options Volume (COUP)
Coupa Software Inc (NASDAQ:COUP) was the target of some unusual options trading on Monday. Stock traders purchased 2,445 put options on the company. This represents an increase of approximately 669% compared to the average daily volume of 318 put options.
A number of analysts have recently commented on the company. Bank of America assumed coverage on Coupa Software in a research note on Monday, May 13th. They issued a “buy” rating and a $120.00 price objective on the stock. KeyCorp assumed coverage on Coupa Software in a research note on Tuesday, April 30th. They issued an “overweight” rating and a $123.00 price objective on the stock. Zacks Investment Research downgraded Coupa Software from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Needham & Company LLC reissued a “buy” rating and issued a $108.00 price objective (up previously from $83.00) on shares of Coupa Software in a research note on Tuesday, March 12th. They noted that the move was a valuation call. Finally, SunTrust Banks boosted their price objective on Coupa Software to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, March 12th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $96.80.
In other Coupa Software news, insider Mark Riggs sold 930 shares of Coupa Software stock in a transaction on Friday, May 24th. The stock was sold at an average price of $111.71, for a total transaction of $103,890.30. Following the sale, the insider now owns 4,488 shares of the company’s stock, valued at approximately $501,354.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anthony D. Tiscornia sold 781 shares of Coupa Software stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $95.65, for a total value of $74,702.65. Following the sale, the insider now directly owns 521 shares in the company, valued at approximately $49,833.65. The disclosure for this sale can be found here. Insiders have sold a total of 322,556 shares of company stock valued at $31,417,110 in the last 90 days. Insiders own 5.30% of the company’s stock.
Shares of NASDAQ COUP opened at $102.48 on Tuesday. Coupa Software has a one year low of $52.01 and a one year high of $116.13. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of -152.96 and a beta of 1.58.
Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Monday, June 3rd. The technology company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.29. Coupa Software had a negative return on equity of 14.28% and a negative net margin of 21.33%. The company had revenue of $81.30 million during the quarter, compared to analysts’ expectations of $73.85 million. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. The business’s quarterly revenue was up 44.1% compared to the same quarter last year. As a group, equities research analysts forecast that Coupa Software will post -0.78 EPS for the current fiscal year.
About Coupa Software
Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.
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