Coupa Software (COUP) CRO Steven M. Winter Sells 11,336 Shares
Coupa Software (NASDAQ:COUP) CRO Steven M. Winter sold 11,336 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $34.33, for a total value of $389,164.88. Following the completion of the sale, the executive now owns 12,480 shares of the company’s stock, valued at $428,438.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Coupa Software (NASDAQ COUP) traded down $0.86 during midday trading on Friday, reaching $32.75. The company’s stock had a trading volume of 521,224 shares, compared to its average volume of 471,943. Coupa Software has a 52-week low of $22.50 and a 52-week high of $37.72.
Coupa Software (NASDAQ:COUP) last announced its quarterly earnings data on Monday, December 4th. The technology company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.06. The firm had revenue of $47.30 million during the quarter, compared to analysts’ expectations of $45.02 million. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The company’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.22) EPS. equities research analysts anticipate that Coupa Software will post -0.94 earnings per share for the current fiscal year.
COUP has been the subject of several recent research reports. Cantor Fitzgerald restated a “buy” rating and issued a $36.00 price target on shares of Coupa Software in a research note on Wednesday, September 6th. 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 note on Thursday, December 7th. Royal Bank of Canada restated a “buy” rating and issued a $41.00 price target on shares of Coupa Software in a research note on Wednesday, November 15th. Raymond James Financial restated a “buy” rating and issued a $40.00 price target on shares of Coupa Software in a research note on Tuesday. Finally, ValuEngine upgraded Coupa Software from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $35.84.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sylebra HK Co Ltd raised its holdings in Coupa Software by 79.9% in the 3rd quarter. Sylebra HK Co Ltd now owns 2,166,792 shares of the technology company’s stock valued at $67,496,000 after acquiring an additional 962,418 shares in the last quarter. Crestline Management LP acquired a new position in Coupa Software in the 3rd quarter valued at $909,000. Jane Street Group LLC acquired a new position in Coupa Software in the 3rd quarter valued at $368,000. Engineers Gate Manager LP acquired a new position in Coupa Software in the 3rd quarter valued at $1,781,000. Finally, AlpInvest Partners B.V. acquired a new position in Coupa Software in the 3rd quarter valued at $10,236,000. 76.68% of the stock is owned by hedge funds and other institutional investors.
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Coupa Software Company Profile
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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