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.

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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.

Insider Buying and Selling by Quarter for Coupa Software (NASDAQ:COUP)

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