Steven M. Winter Sells 11,336 Shares of Coupa Software (COUP) Stock
Coupa Software (NASDAQ:COUP) CRO Steven M. Winter sold 11,336 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $33.14, for a total value of $375,675.04. Following the completion of the sale, the executive now owns 12,480 shares of the company’s stock, valued at approximately $413,587.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Coupa Software (NASDAQ COUP) opened at $32.85 on Thursday. Coupa Software has a one year low of $22.50 and a one year high of $37.72.
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, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.18. Coupa Software had a negative net margin of 24.00% and a negative return on equity of 19.01%. The business had revenue of $44.60 million during the quarter, compared to analysts’ expectations of $41.59 million. The business’s revenue was up 43.4% on a year-over-year basis. research analysts expect that Coupa Software will post -1 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. lifted its stake 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 purchasing an additional 1,368 shares during the period. American International Group Inc. lifted its stake in Coupa Software by 8.1% during the third quarter. American International Group Inc. now owns 19,989 shares of the technology company’s stock worth $623,000 after purchasing an additional 1,494 shares during the period. Bank of New York Mellon Corp lifted its stake in Coupa Software by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 113,344 shares of the technology company’s stock worth $3,531,000 after purchasing an additional 2,782 shares during the period. BNP Paribas Arbitrage SA lifted its stake 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 purchasing an additional 3,511 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new position in Coupa Software during the second quarter worth about $142,000. Hedge funds and other institutional investors own 65.16% of the company’s stock.
A number of analysts have recently issued reports on COUP shares. Cantor Fitzgerald started coverage on Coupa Software in a report on Thursday, July 20th. They issued an “overweight” rating and a $35.00 target price for the company. Zacks Investment Research downgraded shares of Coupa Software from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. Royal Bank Of Canada upped their price target on shares of Coupa Software from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 6th. ValuEngine raised shares of Coupa Software from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, First Analysis assumed coverage on shares of Coupa Software in a research note on Monday, August 7th. They issued an “overweight” rating and a $37.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $35.16.
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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