Coupa Software Inc (NASDAQ:COUP) CAO Anthony D. Tiscornia sold 1,449 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $260.60, for a total value of $377,609.40. Following the transaction, the chief accounting officer now owns 1,028 shares of the company’s stock, valued at $267,896.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of COUP opened at $274.23 on Friday. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.28. Coupa Software Inc has a 1 year low of $99.01 and a 1 year high of $275.78. The stock has a market cap of $17.63 billion, a P/E ratio of -203.13 and a beta of 1.48. The stock’s 50-day moving average price is $224.12 and its two-hundred day moving average price is $170.92.
Coupa Software (NASDAQ:COUP) last issued its earnings results on Monday, June 8th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.13. Coupa Software had a negative return on equity of 8.12% and a negative net margin of 19.92%. The firm had revenue of $119.21 million for the quarter, compared to analysts’ expectations of $111.84 million. During the same quarter last year, the business earned $0.03 earnings per share. The company’s revenue was up 46.6% compared to the same quarter last year. As a group, equities analysts forecast that Coupa Software Inc will post -0.87 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Coupa Software by 37.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,747 shares of the technology company’s stock valued at $1,133,000 after purchasing an additional 2,129 shares in the last quarter. Piedmont Investment Advisors Inc. lifted its holdings in shares of Coupa Software by 4.0% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 4,677 shares of the technology company’s stock valued at $684,000 after purchasing an additional 180 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in shares of Coupa Software during the 4th quarter valued at about $771,000. Raymond James & Associates lifted its holdings in shares of Coupa Software by 89.6% during the 1st quarter. Raymond James & Associates now owns 67,627 shares of the technology company’s stock valued at $9,450,000 after purchasing an additional 31,951 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Coupa Software by 73.6% during the 1st quarter. Treasurer of the State of North Carolina now owns 26,272 shares of the technology company’s stock valued at $3,671,000 after purchasing an additional 11,142 shares in the last quarter.
COUP has been the subject of a number of research reports. Citigroup lowered their target price on Coupa Software from $175.00 to $151.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Zacks Investment Research lowered Coupa Software from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada lowered their target price on Coupa Software from $190.00 to $140.00 and set an “outperform” rating for the company in a research note on Tuesday, March 17th. Bank of America raised their target price on Coupa Software from $235.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Canaccord Genuity raised their target price on Coupa Software from $140.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $191.58.
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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