Coupa Software (NASDAQ:COUP) insider Anthony D. Tiscornia sold 781 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $33.18, for a total value of $25,913.58. Following the transaction, the insider now owns 521 shares in the company, valued at $17,286.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Coupa Software (NASDAQ:COUP) traded down $0.11 during midday trading on Tuesday, reaching $33.28. The company’s stock had a trading volume of 152,500 shares, compared to its average volume of 473,126. Coupa Software has a 1 year low of $22.50 and a 1 year high of $37.72.
Coupa Software (NASDAQ:COUP) last issued its earnings results on Tuesday, September 5th. The technology company reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.18. Coupa Software had a negative return on equity of 19.01% and a negative net margin of 24.00%. The firm had revenue of $44.60 million for the quarter, compared to analyst estimates of $41.59 million. Coupa Software’s quarterly revenue was up 43.4% compared to the same quarter last year. equities analysts anticipate that Coupa Software will post -1 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of COUP. Bank of New York Mellon Corp increased its position in Coupa Software by 31.5% in the first quarter. Bank of New York Mellon Corp now owns 27,189 shares of the technology company’s stock worth $691,000 after buying an additional 6,513 shares during the period. Ameriprise Financial Inc. increased its position in Coupa Software by 40.4% in the first quarter. Ameriprise Financial Inc. now owns 41,035 shares of the technology company’s stock worth $1,042,000 after buying an additional 11,800 shares during the period. American International Group Inc. acquired a new stake in Coupa Software in the first quarter worth $132,000. Vanguard Group Inc. increased its position in Coupa Software by 27.5% in the first quarter. Vanguard Group Inc. now owns 749,441 shares of the technology company’s stock worth $19,035,000 after buying an additional 161,830 shares during the period. Finally, Geode Capital Management LLC increased its position in Coupa Software by 6.5% in the first quarter. Geode Capital Management LLC now owns 98,463 shares of the technology company’s stock worth $2,500,000 after buying an additional 5,967 shares during the period. 65.16% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on the company. Northland Securities restated a “buy” rating and set a $38.00 price objective on shares of Coupa Software in a research note on Thursday, August 10th. Zacks Investment Research upgraded Coupa Software from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. First Analysis assumed coverage on Coupa Software in a research note on Monday, August 7th. They set an “overweight” rating and a $37.00 price objective on the stock. ValuEngine upgraded Coupa Software from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $36.00 price objective on shares of Coupa Software in a research note on Wednesday, September 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.16.
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.
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