Coupa Software Inc (COUP) CRO Sells $368,420.00 in Stock
Coupa Software Inc (NASDAQ:COUP) CRO Steven M. Winter sold 5,668 shares of the stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $65.00, for a total value of $368,420.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
COUP stock opened at $63.94 on Monday. Coupa Software Inc has a twelve month low of $30.65 and a twelve month high of $84.53. The company has a market capitalization of $3.71 billion, a PE ratio of -84.13 and a beta of 1.79.
Coupa Software (NASDAQ:COUP) last posted its earnings results on Tuesday, September 4th. The technology company reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.13. Coupa Software had a negative return on equity of 16.73% and a negative net margin of 22.52%. The company had revenue of $61.65 million for the quarter, compared to analyst estimates of $56.61 million. On average, sell-side analysts forecast that Coupa Software Inc will post -0.98 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of COUP. BlackRock Inc. lifted its holdings in shares of Coupa Software by 58.9% in the second quarter. BlackRock Inc. now owns 3,042,360 shares of the technology company’s stock valued at $189,357,000 after purchasing an additional 1,128,149 shares in the last quarter. Jackson Square Partners LLC bought a new position in shares of Coupa Software in the third quarter valued at approximately $87,361,000. FMR LLC lifted its holdings in shares of Coupa Software by 42.3% in the second quarter. FMR LLC now owns 1,774,407 shares of the technology company’s stock valued at $110,439,000 after purchasing an additional 527,529 shares in the last quarter. Soros Fund Management LLC bought a new position in shares of Coupa Software in the second quarter valued at approximately $31,120,000. Finally, Whale Rock Capital Management LLC lifted its holdings in shares of Coupa Software by 16.8% in the second quarter. Whale Rock Capital Management LLC now owns 2,267,803 shares of the technology company’s stock valued at $141,148,000 after purchasing an additional 326,727 shares in the last quarter. Institutional investors own 97.10% of the company’s stock.
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About Coupa Software
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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