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.

ILLEGAL ACTIVITY WARNING: This story was published by Daily Political and is the property of of Daily Political. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.dailypolitical.com/2017/12/15/coupa-software-coup-cro-steven-m-winter-sells-11336-shares.html.

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.

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

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.