Coupa Software Inc (NASDAQ:COUP) Insider Sells $182,412.75 in Stock
Coupa Software Inc (NASDAQ:COUP) insider Anthony D. Tiscornia sold 1,325 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $137.67, for a total transaction of $182,412.75. Following the sale, the insider now directly owns 1,325 shares in the company, valued at $182,412.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
COUP opened at $143.22 on Thursday. Coupa Software Inc has a one year low of $52.01 and a one year high of $145.17. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is $125.55.
Coupa Software (NASDAQ:COUP) last released its quarterly earnings results on Monday, June 3rd. The technology company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.29. Coupa Software had a negative net margin of 21.22% and a negative return on equity of 14.29%. The business had revenue of $81.30 million for the quarter, compared to analysts’ expectations of $73.85 million. During the same period in the prior year, the firm earned ($0.01) earnings per share. Coupa Software’s revenue was up 44.1% compared to the same quarter last year. As a group, equities analysts anticipate that Coupa Software Inc will post -1.19 EPS for the current fiscal year.
Several brokerages have weighed in on COUP. Oppenheimer upped their price objective on shares of Carlisle Companies from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 18th. Morgan Stanley set a $17.00 price objective on shares of BOX and gave the stock a “hold” rating in a research note on Tuesday, June 4th. SunTrust Banks upped their price objective on shares of Mirati Therapeutics to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Loop Capital upped their price objective on shares of Coupa Software to $125.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Finally, Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $115.94.
Coupa Software Company Profile
Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.
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