Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford sold 12,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $35.27, for a total transaction of $423,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Coupa Software Inc (NASDAQ:COUP) traded up $1.58 during midday trading on Friday, reaching $37.59. 1,519,900 shares of the company’s stock traded hands, compared to its average volume of 725,525. The stock has a market capitalization of $2,070.00 and a P/E ratio of -37.59. Coupa Software Inc has a 1-year low of $22.50 and a 1-year high of $37.75.
Coupa Software (NASDAQ:COUP) last released its quarterly earnings data on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.06. The business had revenue of $47.30 million for the quarter, compared to the consensus estimate of $45.02 million. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.40%. The company’s revenue was up 33.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.22) earnings per share. analysts anticipate that Coupa Software Inc will post -0.94 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COUP. Schwab Charles Investment Management Inc. lifted its holdings in Coupa Software by 343.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 124,312 shares of the technology company’s stock valued at $3,603,000 after purchasing an additional 96,256 shares during the last quarter. Rhumbline Advisers lifted its holdings in Coupa Software by 304.4% during the second quarter. Rhumbline Advisers now owns 33,358 shares of the technology company’s stock valued at $967,000 after purchasing an additional 25,110 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Coupa Software by 306.6% during the second quarter. Bank of New York Mellon Corp now owns 110,562 shares of the technology company’s stock valued at $3,204,000 after purchasing an additional 83,373 shares during the last quarter. Legal & General Group Plc lifted its holdings in Coupa Software by 436.1% during the second quarter. Legal & General Group Plc now owns 10,792 shares of the technology company’s stock valued at $312,000 after purchasing an additional 8,779 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Coupa Software by 2,294.8% during the second quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock valued at $106,000 after purchasing an additional 3,511 shares during the last quarter. 74.67% of the stock is currently owned by institutional investors and hedge funds.
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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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