Insider Selling: Coupa Software Inc (COUP) CFO Sells 112,500 Shares of Stock

Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford sold 112,500 shares of Coupa Software stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $46.21, for a total value of $5,198,625.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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 value of $557,520.00.

Coupa Software Inc (NASDAQ COUP) traded up $2.03 during trading hours on Tuesday, reaching $48.47. The company had a trading volume of 970,780 shares, compared to its average volume of 796,192. The company has a market cap of $2,551.41, a P/E ratio of -58.40 and a beta of 1.29. Coupa Software Inc has a one year low of $22.50 and a one year high of $50.69.

Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, March 12th. The technology company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.17. The company had revenue of $53.80 million during the quarter, compared to the consensus estimate of $48.64 million. Coupa Software had a negative return on equity of 20.33% and a negative net margin of 23.45%. Coupa Software’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.05) EPS. sell-side analysts forecast that Coupa Software Inc will post -1.16 EPS for the current fiscal year.

A number of analysts have recently issued reports on COUP shares. Zacks Investment Research upgraded Coupa Software from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Thursday, December 7th. Cantor Fitzgerald reiterated a “buy” rating and set a $36.00 price target on shares of Coupa Software in a research report on Tuesday, December 5th. Oppenheimer started coverage on Coupa Software in a research report on Thursday, December 21st. They set a “buy” rating and a $41.00 price target for the company. Raymond James Financial restated a “buy” rating and issued a $40.00 target price on shares of Coupa Software in a research report on Tuesday, December 12th. Finally, Northland Securities set a $41.00 target price on Coupa Software and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Coupa Software presently has an average rating of “Buy” and a consensus target price of $46.13.

Institutional investors have recently made changes to their positions in the business. Ensemble Capital Management LLC purchased a new position in Coupa Software in the 4th quarter worth approximately $203,000. Virtu Financial LLC purchased a new position in Coupa Software in the 4th quarter worth approximately $233,000. Essex Investment Management Co. LLC purchased a new position in Coupa Software in the 4th quarter worth approximately $242,000. Personal Capital Advisors Corp purchased a new position in Coupa Software in the 4th quarter worth approximately $261,000. Finally, UBS Asset Management Americas Inc. purchased a new position in Coupa Software in the 4th quarter worth approximately $268,000. 88.39% of the stock is currently owned by institutional investors and hedge funds.

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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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