Insider Selling: Coupa Software Inc (COUP) CRO Sells 11,336 Shares of Stock
Coupa Software Inc (NASDAQ:COUP) CRO Steven M. Winter sold 11,336 shares of Coupa Software stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $33.99, for a total transaction of $385,310.64. Following the completion of the transaction, the executive now owns 12,480 shares of the company’s stock, valued at approximately $424,195.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Coupa Software Inc (NASDAQ COUP) opened at $37.69 on Friday. Coupa Software Inc has a 12-month low of $22.50 and a 12-month high of $38.06.
Coupa Software (NASDAQ:COUP) last issued its quarterly earnings data on Monday, December 4th. The technology company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.06. The business had revenue of $47.30 million during the quarter, compared to the consensus estimate of $45.02 million. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.40%. The company’s revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.22) EPS. research analysts anticipate that Coupa Software Inc will post -0.94 earnings per share for the current year.
Several large investors have recently modified their holdings of the company. American International Group Inc. lifted its position in shares of Coupa Software by 8.1% during the 3rd quarter. American International Group Inc. now owns 19,989 shares of the technology company’s stock worth $623,000 after buying an additional 1,494 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Coupa Software by 2.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 113,344 shares of the technology company’s stock worth $3,531,000 after buying an additional 2,782 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position 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 buying an additional 3,511 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Coupa Software during the 2nd quarter worth approximately $142,000. Finally, Quantbot Technologies LP lifted its position in shares of Coupa Software by 31.3% during the 3rd quarter. Quantbot Technologies LP now owns 28,615 shares of the technology company’s stock worth $891,000 after buying an additional 6,819 shares during the last quarter. Institutional investors and hedge funds own 74.67% of the company’s stock.
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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