COUPA SOFTWARE (COUP) Insider Anthony D. Tiscornia Sells 2,171 Shares

COUPA SOFTWARE (NASDAQ:COUP) insider Anthony D. Tiscornia sold 2,171 shares of COUPA SOFTWARE stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $30.60, for a total transaction of $66,432.60. Following the completion of the transaction, the insider now directly owns 1,911 shares in the company, valued at approximately $58,476.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

COUPA SOFTWARE (NASDAQ COUP) traded up 0.29% during trading on Tuesday, reaching $30.67. 20,961 shares of the company’s stock were exchanged. COUPA SOFTWARE has a 52 week low of $22.50 and a 52 week high of $41.61. The firm’s market capitalization is $1.63 billion. The stock has a 50-day moving average price of $32.17 and a 200 day moving average price of $27.69.

COUPA SOFTWARE (NASDAQ:COUP) last announced its earnings results on Monday, June 5th. The technology company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.05. The company had revenue of $41.10 million for the quarter, compared to analysts’ expectations of $38.33 million. During the same period in the prior year, the company earned ($1.76) earnings per share. The company’s revenue for the quarter was up 40.8% on a year-over-year basis. Equities research analysts forecast that COUPA SOFTWARE will post ($0.51) earnings per share for the current fiscal year.

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Several analysts have weighed in on COUP shares. Royal Bank Of Canada boosted their target price on shares of COUPA SOFTWARE from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, June 1st. Zacks Investment Research raised shares of COUPA SOFTWARE from a “sell” rating to a “hold” rating in a report on Friday, March 24th. JMP Securities reiterated an “outperform” rating and issued a $40.00 target price (up from $32.00) on shares of COUPA SOFTWARE in a research note on Tuesday, June 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $31.00 target price (up from $29.00) on shares of COUPA SOFTWARE in a research note on Saturday, June 3rd. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $40.00 target price (up from $34.00) on shares of COUPA SOFTWARE in a research note on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. COUPA SOFTWARE presently has an average rating of “Hold” and a consensus target price of $33.79.

Several large investors have recently made changes to their positions in COUP. State Street Corp bought a new stake in shares of COUPA SOFTWARE during the fourth quarter valued at approximately $2,224,000. FMR LLC bought a new stake in shares of COUPA SOFTWARE during the fourth quarter valued at approximately $603,000. Franklin Resources Inc. acquired a new stake in shares of COUPA SOFTWARE during the fourth quarter valued at about $595,000. Metropolitan Life Insurance Co. NY acquired a new stake in shares of COUPA SOFTWARE during the fourth quarter valued at about $260,000. Finally, Norges Bank acquired a new stake in shares of COUPA SOFTWARE during the fourth quarter valued at about $500,000. 52.75% of the stock is owned by institutional investors and hedge funds.

About COUPA SOFTWARE

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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