Coupa Software Incorporated (COUP) CFO Todd R. Ford Sells 12,000 Shares
Coupa Software Incorporated (NASDAQ:COUP) CFO Todd R. Ford sold 12,000 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $34.03, for a total transaction of $408,360.00. Following the transaction, the chief financial officer now owns 17,349 shares in the company, valued at approximately $590,386.47. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Coupa Software Incorporated (NASDAQ:COUP) traded up $0.47 during midday trading on Tuesday, reaching $34.52. The company had a trading volume of 241,919 shares, compared to its average volume of 466,104. Coupa Software Incorporated has a twelve month low of $22.50 and a twelve month high of $37.72.
Coupa Software (NASDAQ:COUP) last posted its earnings results on Tuesday, September 5th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.18. Coupa Software had a negative return on equity of 27.97% and a negative net margin of 30.85%. The business had revenue of $44.60 million during the quarter, compared to analysts’ expectations of $41.59 million. Coupa Software’s revenue was up 43.4% on a year-over-year basis. analysts anticipate that Coupa Software Incorporated will post -1 earnings per share for the current year.
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Several research analysts recently issued reports on the stock. ValuEngine upgraded shares of Coupa Software from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded shares of Coupa Software from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Royal Bank Of Canada restated a “buy” rating and set a $41.00 target price on shares of Coupa Software in a research report on Wednesday, November 15th. First Analysis began coverage on shares of Coupa Software in a research report on Monday, August 7th. They set an “overweight” rating and a $37.00 target price on the stock. Finally, Northland Securities restated a “buy” rating and set a $38.00 target price on shares of Coupa Software in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Coupa Software currently has an average rating of “Hold” and a consensus target price of $35.16.
Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its stake in shares of Coupa Software by 2,294.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock worth $106,000 after acquiring an additional 3,511 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of Coupa Software during the 2nd quarter worth approximately $142,000. American International Group Inc. bought a new position in shares of Coupa Software during the 1st quarter worth approximately $132,000. Trexquant Investment LP bought a new position in shares of Coupa Software during the 3rd quarter worth approximately $274,000. Finally, Symmetry Peak Management LLC bought a new position in shares of Coupa Software during the 2nd quarter worth approximately $290,000. 66.95% of the stock is owned by institutional investors.
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.
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