Coupa Software (COUP) CFO Todd R. Ford Sells 1,446 Shares
Coupa Software (NASDAQ:COUP) CFO Todd R. Ford sold 1,446 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $31.16, for a total value of $45,057.36. Following the completion of the transaction, the chief financial officer now directly owns 4,063 shares in the company, valued at approximately $126,603.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Coupa Software (COUP) traded down 0.13% on Friday, reaching $31.33. The company had a trading volume of 460,437 shares. The stock has a 50 day moving average price of $31.47 and a 200-day moving average price of $31.47. The company’s market capitalization is $1.68 billion. Coupa Software has a 12 month low of $23.52 and a 12 month high of $41.61.
Coupa Software (NASDAQ:COUP) last posted its earnings results on Tuesday, September 5th. The technology company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.18. Coupa Software had a negative return on equity of 19.01% and a negative net margin of 24.00%. The firm had revenue of $44.60 million for the quarter, compared to analysts’ expectations of $41.59 million. Coupa Software’s quarterly revenue was up 43.4% on a year-over-year basis. Analysts forecast that Coupa Software will post ($0.48) EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its position in Coupa Software by 2,294.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock valued at $106,000 after acquiring an additional 3,511 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in Coupa Software in the 2nd quarter valued at approximately $142,000. Nationwide Fund Advisors increased its position in Coupa Software by 22.7% in the 1st quarter. Nationwide Fund Advisors now owns 5,131 shares of the technology company’s stock valued at $130,000 after acquiring an additional 949 shares during the period. American International Group Inc. acquired a new stake in Coupa Software in the 1st quarter valued at approximately $132,000. Finally, Symmetry Peak Management LLC acquired a new stake in Coupa Software in the 2nd quarter valued at approximately $290,000. Hedge funds and other institutional investors own 63.60% of the company’s stock.
COUP has been the topic of a number of recent research reports. Morgan Stanley reissued an “equal weight” rating and issued a $31.00 target price (up previously from $29.00) on shares of Coupa Software in a report on Saturday, June 3rd. Royal Bank Of Canada boosted their target price on Coupa Software from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, June 1st. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $40.00 target price (up previously from $34.00) on shares of Coupa Software in a report on Wednesday, June 7th. Zacks Investment Research lowered Coupa Software from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Finally, First Analysis initiated coverage on Coupa Software in a report on Monday, August 7th. They issued an “overweight” rating and a $37.00 target price on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Coupa Software has a consensus rating of “Hold” and an average price target of $34.61.
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.
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