Insider Selling: Coupa Software Inc (COUP) Insider Sells 781 Shares of Stock
Coupa Software Inc (NASDAQ:COUP) insider Anthony D. Tiscornia sold 781 shares of Coupa Software stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $78.06, for a total value of $60,964.86. Following the transaction, the insider now directly owns 521 shares of the company’s stock, valued at approximately $40,669.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
COUP stock traded down $1.63 during trading on Friday, hitting $79.10. The stock had a trading volume of 741,200 shares, compared to its average volume of 804,162. Coupa Software Inc has a 1-year low of $30.15 and a 1-year high of $84.53. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of -105.36 and a beta of 1.09.
Several research analysts have recently issued reports on COUP shares. Barclays downgraded Coupa Software from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $51.48 to $51.00 in a research note on Friday, May 18th. Oppenheimer lifted their price target on Coupa Software from $55.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, May 31st. Loop Capital lifted their price target on Coupa Software to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 5th. They noted that the move was a valuation call. Cantor Fitzgerald reaffirmed a “buy” rating and set a $67.00 price target (up previously from $58.00) on shares of Coupa Software in a research note on Tuesday, June 5th. Finally, SunTrust Banks lifted their price target on Coupa Software to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, June 5th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $63.69.
Coupa Software Company Profile
Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.
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