Coupa Software Inc (COUP) CRO Steven M. Winter Sells 11,336 Shares

Coupa Software Inc (NASDAQ:COUP) CRO Steven M. Winter sold 11,336 shares of Coupa Software stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $61.49, for a total value of $697,050.64. Following the sale, the executive now directly owns 12,480 shares in the company, valued at $767,395.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Coupa Software traded down $0.12, hitting $62.09, during midday trading on Thursday, Marketbeat Ratings reports. The stock had a trading volume of 39,719 shares, compared to its average volume of 783,242. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.67. The firm has a market cap of $3.43 billion, a P/E ratio of -81.99 and a beta of 1.26. Coupa Software Inc has a 12 month low of $28.52 and a 12 month high of $63.24.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings data on Monday, June 4th. The technology company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.10. The firm had revenue of $56.35 million during the quarter, compared to analyst estimates of $51.33 million. Coupa Software had a negative return on equity of 19.17% and a negative net margin of 24.37%. Coupa Software’s quarterly revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.09) earnings per share. equities research analysts anticipate that Coupa Software Inc will post -1.11 earnings per share for the current year.

A number of analysts have recently issued reports on the company. Raymond James lifted their target price on Coupa Software from $52.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 5th. Zacks Investment Research lowered Coupa Software from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. Loop Capital lifted their target price on Coupa Software to $48.00 and gave the stock a “hold” rating in a research report on Wednesday, March 14th. JMP Securities lowered Coupa Software from an “outperform” rating to a “market perform” rating and set a $31.00 target price on the stock. in a research report on Tuesday, March 13th. Finally, Needham & Company LLC lifted their target price on Coupa Software from $55.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, June 5th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Coupa Software presently has an average rating of “Buy” and an average price target of $53.06.

Institutional investors have recently made changes to their positions in the stock. Highland Capital Management LP bought a new position in shares of Coupa Software during the fourth quarter valued at approximately $3,122,000. Deutsche Bank AG grew its holdings in shares of Coupa Software by 32.1% during the fourth quarter. Deutsche Bank AG now owns 401,945 shares of the technology company’s stock valued at $12,547,000 after purchasing an additional 97,642 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Coupa Software by 29.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 44,566 shares of the technology company’s stock valued at $1,392,000 after purchasing an additional 10,084 shares during the last quarter. Monashee Investment Management LLC bought a new position in shares of Coupa Software during the fourth quarter valued at approximately $1,405,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Coupa Software during the fourth quarter valued at approximately $283,000. 93.80% of the stock is owned by hedge funds and other institutional investors.

About Coupa Software

Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.

Insider Buying and Selling by Quarter for Coupa Software (NASDAQ:COUP)

Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply