Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford sold 12,500 shares of Coupa Software stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $168.47, for a total transaction of $2,105,875.00. Following the completion of the transaction, the chief financial officer now owns 39,629 shares of the company’s stock, valued at approximately $6,676,297.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
COUP stock opened at $167.51 on Thursday. The company has a fifty day moving average price of $155.50 and a 200 day moving average price of $143.95. Coupa Software Inc has a 12 month low of $74.26 and a 12 month high of $174.27. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.26.
Coupa Software (NASDAQ:COUP) last released its quarterly earnings results on Monday, December 2nd. The technology company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.06 by $0.14. Coupa Software had a negative net margin of 23.60% and a negative return on equity of 12.24%. The firm had revenue of $101.78 million during the quarter, compared to the consensus estimate of $96.20 million. During the same quarter in the prior year, the firm earned $0.08 EPS. Coupa Software’s revenue for the quarter was up 50.9% on a year-over-year basis. Analysts forecast that Coupa Software Inc will post -0.84 EPS for the current fiscal year.
Several analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Coupa Software from $141.00 to $162.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Mizuho assumed coverage on shares of Coupa Software in a research report on Thursday, October 10th. They set a “neutral” rating and a $140.00 price objective for the company. Piper Jaffray Companies assumed coverage on shares of Coupa Software in a research report on Monday, October 28th. They set an “overweight” rating and a $150.00 price objective for the company. Needham & Company LLC boosted their price objective on shares of Coupa Software from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Finally, ValuEngine downgraded shares of Coupa Software from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $164.65.
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.
See Also: Diluted Earnings Per Share
Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.