Coupa Software Inc (NASDAQ:COUP) CFO Sells $1,710,750.00 in Stock

Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford sold 12,500 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $136.86, for a total transaction of $1,710,750.00. Following the completion of the sale, the chief financial officer now owns 36,651 shares of the company’s stock, valued at approximately $5,016,055.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of NASDAQ COUP traded up $1.60 during mid-day trading on Friday, reaching $130.34. 1,033,100 shares of the company were exchanged, compared to its average volume of 1,689,180. Coupa Software Inc has a 52 week low of $52.01 and a 52 week high of $159.97. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 1.25. The company’s 50 day moving average price is $138.54 and its 200 day moving average price is $129.35. The stock has a market capitalization of $8.19 billion, a PE ratio of -194.54 and a beta of 1.58.

Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data on Tuesday, September 3rd. The technology company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.19. Coupa Software had a negative net margin of 20.91% and a negative return on equity of 13.73%. The business had revenue of $95.00 million for the quarter, compared to analyst estimates of $85.38 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Coupa Software’s quarterly revenue was up 54.0% on a year-over-year basis. On average, sell-side analysts predict that Coupa Software Inc will post -1.01 earnings per share for the current year.

COUP has been the subject of several research analyst reports. Raymond James raised their price target on shares of Coupa Software from $115.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. Oppenheimer lifted their price objective on shares of Coupa Software from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. KeyCorp lifted their price objective on shares of Coupa Software from $171.00 to $178.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. Piper Jaffray Companies began coverage on shares of Coupa Software in a research note on Monday, October 28th. They issued an “overweight” rating and a $150.00 price objective for the company. Finally, Mizuho began coverage on shares of Coupa Software in a research note on Thursday, October 10th. They issued a “neutral” rating and a $140.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $153.50.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Great Lakes Advisors LLC lifted its position in Coupa Software by 2.9% during the third quarter. Great Lakes Advisors LLC now owns 94,674 shares of the technology company’s stock valued at $12,267,000 after purchasing an additional 2,672 shares during the period. Catalyst Capital Advisors LLC lifted its position in Coupa Software by 17.2% during the third quarter. Catalyst Capital Advisors LLC now owns 82,136 shares of the technology company’s stock valued at $10,643,000 after purchasing an additional 12,029 shares during the period. Signition LP bought a new position in Coupa Software during the third quarter valued at approximately $370,000. Cookson Peirce & Co. Inc. lifted its position in Coupa Software by 200.7% during the third quarter. Cookson Peirce & Co. Inc. now owns 211,195 shares of the technology company’s stock valued at $27,365,000 after purchasing an additional 140,955 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Coupa Software by 104.2% during the third quarter. Tower Research Capital LLC TRC now owns 1,511 shares of the technology company’s stock valued at $196,000 after purchasing an additional 771 shares during the period.

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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