Coupa Software Inc (COUP) CFO Todd R. Ford Sells 1,385 Shares

Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford sold 1,385 shares of the company’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $47.44, for a total transaction of $65,704.40. Following the completion of the sale, the chief financial officer now directly owns 10,757 shares in the company, valued at $510,312.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Todd R. Ford also recently made the following trade(s):

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  • On Friday, March 16th, Todd R. Ford sold 12,000 shares of Coupa Software stock. The shares were sold at an average price of $46.46, for a total transaction of $557,520.00.
  • On Monday, March 19th, Todd R. Ford sold 112,500 shares of Coupa Software stock. The shares were sold at an average price of $46.21, for a total transaction of $5,198,625.00.

COUP stock opened at $46.62 on Friday. Coupa Software Inc has a 52 week low of $23.20 and a 52 week high of $50.69. The company has a market cap of $2,546.45, a PE ratio of -56.17 and a beta of 1.29.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Monday, March 12th. The technology company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.17. Coupa Software had a negative net margin of 23.45% and a negative return on equity of 20.33%. The business had revenue of $53.80 million for the quarter, compared to analyst estimates of $48.64 million. During the same quarter in the prior year, the business earned ($0.05) EPS. Coupa Software’s quarterly revenue was up 41.5% on a year-over-year basis. equities research analysts expect that Coupa Software Inc will post -1.16 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. American International Group Inc. grew its position in shares of Coupa Software by 8.1% during the 3rd quarter. American International Group Inc. now owns 19,989 shares of the technology company’s stock worth $623,000 after purchasing an additional 1,494 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Coupa Software by 2.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 113,344 shares of the technology company’s stock worth $3,531,000 after purchasing an additional 2,782 shares in the last quarter. Swiss National Bank grew its position in shares of Coupa Software by 7.1% during the 4th quarter. Swiss National Bank now owns 45,100 shares of the technology company’s stock worth $1,408,000 after purchasing an additional 3,000 shares in the last quarter. First Trust Advisors LP grew its position in shares of Coupa Software by 9.2% during the 4th quarter. First Trust Advisors LP now owns 44,879 shares of the technology company’s stock worth $1,401,000 after purchasing an additional 3,787 shares in the last quarter. Finally, Ensemble Capital Management LLC acquired a new position in shares of Coupa Software during the 4th quarter worth approximately $203,000. Institutional investors and hedge funds own 88.39% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $38.00 target price (up from $32.00) on shares of Coupa Software in a report on Tuesday, March 13th. Needham & Company LLC set a $55.00 target price on shares of Coupa Software and gave the company a “buy” rating in a report on Tuesday, March 13th. SunTrust Banks upped their target price on shares of Coupa Software to $56.00 and gave the company a “buy” rating in a report on Tuesday, March 13th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $49.00 target price (up from $42.00) on shares of Coupa Software in a report on Tuesday, March 13th. Finally, Zacks Investment Research cut shares of Coupa Software from a “buy” rating to a “hold” rating in a report on Monday, March 12th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.13.

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About Coupa Software

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.

Insider Buying and Selling by Quarter for Coupa Software (NASDAQ:COUP)

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