Insider Selling: Coupa Software Inc (COUP) CFO Sells 2,488 Shares of Stock
Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford sold 2,488 shares of the stock in a transaction on Friday, September 21st. The stock was sold at an average price of $76.75, for a total transaction of $190,954.00. Following the transaction, the chief financial officer now owns 14,269 shares in the company, valued at approximately $1,095,145.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NASDAQ COUP opened at $79.09 on Wednesday. The firm has a market cap of $4.46 billion, a P/E ratio of -102.87 and a beta of 1.07. Coupa Software Inc has a 1 year low of $30.15 and a 1 year high of $84.53.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data on Tuesday, September 4th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.13. The business had revenue of $61.65 million during the quarter, compared to the consensus estimate of $56.61 million. Coupa Software had a negative net margin of 22.52% and a negative return on equity of 16.73%. analysts anticipate that Coupa Software Inc will post -0.98 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of COUP. Whale Rock Capital Management LLC bought a new stake in shares of Coupa Software during the 1st quarter worth $88,552,000. Alkeon Capital Management LLC bought a new stake in shares of Coupa Software during the 1st quarter worth $60,296,000. BlackRock Inc. boosted its holdings in shares of Coupa Software by 58.9% during the 2nd quarter. BlackRock Inc. now owns 3,042,360 shares of the technology company’s stock worth $189,357,000 after buying an additional 1,128,149 shares during the period. FMR LLC boosted its holdings in shares of Coupa Software by 42.3% during the 2nd quarter. FMR LLC now owns 1,774,407 shares of the technology company’s stock worth $110,439,000 after buying an additional 527,529 shares during the period. Finally, Soros Fund Management LLC bought a new stake in shares of Coupa Software during the 2nd quarter worth $31,120,000. 97.76% of the stock is owned by institutional investors and hedge funds.
About Coupa Software
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.
Further Reading: Intrinsic Value
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