COUPA SOFTWARE (NASDAQ:COUP) insider Ravi Thakur sold 11,240 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $30.29, for a total value of $340,459.60. Following the completion of the transaction, the insider now directly owns 45,695 shares of the company’s stock, valued at approximately $1,384,101.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ravi Thakur also recently made the following trade(s):

  • On Tuesday, August 1st, Ravi Thakur sold 11,240 shares of COUPA SOFTWARE stock. The shares were sold at an average price of $30.72, for a total value of $345,292.80.
  • On Monday, July 3rd, Ravi Thakur sold 11,240 shares of COUPA SOFTWARE stock. The shares were sold at an average price of $29.03, for a total value of $326,297.20.

COUPA SOFTWARE (COUP) opened at 30.45 on Friday. The firm’s 50-day moving average price is $30.29 and its 200-day moving average price is $29.30. COUPA SOFTWARE has a 12-month low of $22.50 and a 12-month high of $41.61. The company’s market cap is $1.61 billion.

COUPA SOFTWARE (NASDAQ:COUP) last released its earnings results on Tuesday, September 5th. The technology company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.18. COUPA SOFTWARE had a negative return on equity of 19.35% and a negative net margin of 24.00%. The business had revenue of $44.60 million for the quarter, compared to the consensus estimate of $41.59 million. COUPA SOFTWARE’s revenue for the quarter was up 43.4% on a year-over-year basis. Analysts expect that COUPA SOFTWARE will post ($0.49) EPS for the current year.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors grew its position in COUPA SOFTWARE by 22.7% during the first quarter. Nationwide Fund Advisors now owns 5,131 shares of the technology company’s stock worth $130,000 after buying an additional 949 shares in the last quarter. Pier Capital LLC grew its position in COUPA SOFTWARE by 0.6% during the first quarter. Pier Capital LLC now owns 192,834 shares of the technology company’s stock worth $4,898,000 after buying an additional 1,244 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in COUPA SOFTWARE by 5.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 28,056 shares of the technology company’s stock worth $713,000 after buying an additional 1,368 shares in the last quarter. JPMorgan Chase & Co. grew its position in COUPA SOFTWARE by 1.2% during the first quarter. JPMorgan Chase & Co. now owns 207,666 shares of the technology company’s stock worth $5,274,000 after buying an additional 2,560 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in COUPA SOFTWARE by 2,294.8% during the second 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 in the last quarter. 64.35% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently commented on COUP. Royal Bank Of Canada increased their price target on COUPA SOFTWARE from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Wednesday. First Analysis began coverage on COUPA SOFTWARE in a report on Monday, August 7th. They issued an “overweight” rating and a $37.00 price target for the company. Morgan Stanley reissued an “equal weight” rating and issued a $31.00 price target (up previously from $29.00) on shares of COUPA SOFTWARE in a report on Saturday, June 3rd. Zacks Investment Research downgraded COUPA SOFTWARE from a “hold” rating to a “sell” rating in a report on Friday. Finally, JMP Securities reissued an “outperform” rating and issued a $40.00 price target (up previously from $32.00) on shares of COUPA SOFTWARE in a report on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.61.

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.

Insider Buying and Selling by Quarter for COUPA SOFTWARE (NASDAQ:COUP)

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