Mark Riggs Sells 7,908 Shares of Coupa Software Inc (COUP) Stock

Coupa Software Inc (NASDAQ:COUP) insider Mark Riggs sold 7,908 shares of Coupa Software stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $65.00, for a total transaction of $514,020.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

COUP stock opened at $66.08 on Monday. Coupa Software Inc has a twelve month low of $30.65 and a twelve month high of $84.53. The company has a market cap of $3.84 billion, a PE ratio of -86.95 and a beta of 1.79.

Coupa Software (NASDAQ:COUP) last released its quarterly earnings results on Tuesday, September 4th. The technology company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.13. Coupa Software had a negative net margin of 22.52% and a negative return on equity of 16.73%. The business had revenue of $61.65 million during the quarter, compared to the consensus estimate of $56.61 million. Research analysts expect that Coupa Software Inc will post -0.98 EPS for the current fiscal year.

COUP has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of Coupa Software from $61.00 to $71.00 and gave the company an “outperform” rating in a research note on Wednesday, July 18th. Zacks Investment Research upgraded shares of Coupa Software from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Monday, August 6th. Barclays lifted their price objective on shares of Coupa Software from $53.00 to $58.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 15th. Oppenheimer lifted their price objective on shares of Coupa Software from $62.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, August 29th. Finally, Morgan Stanley lifted their price objective on shares of Coupa Software from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 4th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Coupa Software currently has an average rating of “Buy” and a consensus target price of $63.69.

Several hedge funds have recently added to or reduced their stakes in COUP. California Public Employees Retirement System acquired a new stake in shares of Coupa Software during the first quarter worth approximately $536,000. UBS Group AG boosted its holdings in Coupa Software by 129.1% in the first quarter. UBS Group AG now owns 13,817 shares of the technology company’s stock worth $630,000 after purchasing an additional 7,785 shares during the period. Royal Bank of Canada boosted its holdings in Coupa Software by 86,947.6% in the first quarter. Royal Bank of Canada now owns 147,981 shares of the technology company’s stock worth $6,751,000 after purchasing an additional 147,811 shares during the period. Brown Advisory Inc. acquired a new position in Coupa Software in the first quarter worth $2,376,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Coupa Software in the second quarter worth $461,000. 97.18% of the stock is owned by institutional investors and hedge funds.

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.

See Also: How is a Moving Average Calculated?

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