Coupa Software Inc (NASDAQ:COUP) CRO Sells $1,344,109.52 in Stock

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Coupa Software Inc (NASDAQ:COUP) CRO Steven M. Winter sold 11,336 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $118.57, for a total value of $1,344,109.52. Following the sale, the executive now directly owns 14,040 shares in the company, valued at $1,664,722.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of COUP traded down $0.60 during trading hours on Friday, hitting $120.70. 804,008 shares of the company were exchanged, compared to its average volume of 1,511,798. The company has a market cap of $7.48 billion, a PE ratio of -180.15 and a beta of 1.60. Coupa Software Inc has a 52 week low of $52.01 and a 52 week high of $129.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.07.

Coupa Software (NASDAQ:COUP) last released its quarterly earnings results on Monday, June 3rd. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.29. The company had revenue of $81.30 million during the quarter, compared to the consensus estimate of $73.85 million. Coupa Software had a negative return on equity of 14.29% and a negative net margin of 21.22%. The firm’s revenue was up 44.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.01) EPS. On average, research analysts predict that Coupa Software Inc will post -1.19 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors lifted its position in shares of Coupa Software by 58.1% during the 4th quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock worth $28,000 after purchasing an additional 161 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Coupa Software during the 4th quarter worth about $31,000. PRW Wealth Management LLC acquired a new position in shares of Coupa Software during the 4th quarter worth about $34,000. FNY Investment Advisers LLC acquired a new position in shares of Coupa Software during the 1st quarter worth about $70,000. Finally, US Bancorp DE lifted its position in shares of Coupa Software by 77.8% during the 1st quarter. US Bancorp DE now owns 937 shares of the technology company’s stock worth $85,000 after purchasing an additional 410 shares during the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

COUP has been the topic of a number of research analyst reports. Northland Securities reiterated a “hold” rating and set a $85.00 price target on shares of Coupa Software in a report on Tuesday, June 4th. Zacks Investment Research downgraded Coupa Software from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Barclays upped their price target on Coupa Software from $95.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 4th. They noted that the move was a valuation call. SunTrust Banks upped their price target on Coupa Software to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Finally, KeyCorp upped their price target on Coupa Software from $123.00 to $127.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $101.41.

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Coupa Software Company Profile

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

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