Coupa Software Inc (NASDAQ:COUP) CRO Steven M. Winter sold 11,336 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $135.32, for a total value of $1,533,987.52. Following the sale, the executive now directly owns 14,766 shares of the company’s stock, valued at $1,998,135.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
COUP opened at $133.76 on Friday. The stock has a fifty day moving average of $137.51 and a 200-day moving average of $110.42. The firm has a market capitalization of $8.26 billion, a P/E ratio of -199.64 and a beta of 1.61. Coupa Software Inc has a 12-month low of $52.01 and a 12-month high of $148.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.07.
Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, June 3rd. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.29. The company had revenue of $81.30 million during the quarter, compared to analyst estimates of $73.85 million. Coupa Software had a negative return on equity of 14.29% and a negative net margin of 21.22%. The company’s revenue for the quarter was up 44.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) earnings per share. On average, analysts expect that Coupa Software Inc will post -1.15 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Swiss National Bank raised its holdings in shares of Coupa Software by 5.0% during the first quarter. Swiss National Bank now owns 84,600 shares of the technology company’s stock worth $7,697,000 after acquiring an additional 4,000 shares in the last quarter. Norges Bank purchased a new stake in shares of Coupa Software during the fourth quarter worth $19,200,000. Barton Investment Management raised its holdings in shares of Coupa Software by 494.5% during the first quarter. Barton Investment Management now owns 94,235 shares of the technology company’s stock worth $8,574,000 after acquiring an additional 78,385 shares in the last quarter. FMR LLC raised its holdings in shares of Coupa Software by 86.9% during the first quarter. FMR LLC now owns 3,467,506 shares of the technology company’s stock worth $315,474,000 after acquiring an additional 1,612,326 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Coupa Software by 420.9% during the first quarter. SG Americas Securities LLC now owns 42,037 shares of the technology company’s stock worth $3,825,000 after acquiring an additional 33,967 shares in the last quarter.
Several equities research analysts have recently weighed in on the company. KeyCorp raised their price objective on Coupa Software from $130.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Wedbush assumed coverage on Coupa Software in a research note on Thursday, August 1st. They set an “outperform” rating and a $168.00 price objective for the company. Oppenheimer raised their price objective on Coupa Software from $111.00 to $130.00 in a research note on Tuesday, June 18th. SunTrust Banks raised their price objective on Coupa Software to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Finally, JPMorgan Chase & Co. increased their target price on Coupa Software from $75.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday, June 4th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $123.94.
About Coupa Software
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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