Mark Riggs Sells 929 Shares of Coupa Software Inc (NASDAQ:COUP) Stock

Coupa Software Inc (NASDAQ:COUP) insider Mark Riggs sold 929 shares of Coupa Software stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $127.11, for a total value of $118,085.19. Following the sale, the insider now directly owns 902 shares in the company, valued at $114,653.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mark Riggs also recently made the following trade(s):

  • On Friday, June 21st, Mark Riggs sold 626 shares of Coupa Software stock. The stock was sold at an average price of $125.70, for a total value of $78,688.20.
  • On Tuesday, June 11th, Mark Riggs sold 3,843 shares of Coupa Software stock. The stock was sold at an average price of $118.77, for a total value of $456,433.11.
  • On Friday, May 24th, Mark Riggs sold 930 shares of Coupa Software stock. The stock was sold at an average price of $111.71, for a total value of $103,890.30.
  • On Wednesday, April 24th, Mark Riggs sold 929 shares of Coupa Software stock. The stock was sold at an average price of $95.44, for a total value of $88,663.76.

NASDAQ:COUP opened at $120.39 on Wednesday. The firm has a market capitalization of $7.72 billion, a P/E ratio of -179.69 and a beta of 1.58. Coupa Software Inc has a one year low of $52.01 and a one year high of $129.40. The stock has a 50-day moving average price of $114.01. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.07.

Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Monday, June 3rd. The technology company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.29. The business had revenue of $81.30 million during the quarter, compared to the consensus estimate of $73.85 million. Coupa Software had a negative return on equity of 14.29% and a negative net margin of 21.22%. The company’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) earnings per share. As a group, analysts expect that Coupa Software Inc will post -1.19 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Captrust Financial Advisors grew its stake in Coupa Software by 58.1% in the fourth quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock worth $28,000 after purchasing an additional 161 shares in the last quarter. PRW Wealth Management LLC acquired a new position in Coupa Software in the fourth quarter worth about $34,000. FNY Investment Advisers LLC acquired a new position in Coupa Software in the first quarter valued at approximately $70,000. Pearl River Capital LLC acquired a new position in Coupa Software in the first quarter valued at approximately $114,000. Finally, Advisor Group Inc. boosted its stake in Coupa Software by 114.5% in the fourth quarter. Advisor Group Inc. now owns 1,521 shares of the technology company’s stock valued at $96,000 after acquiring an additional 812 shares during the period. Institutional investors and hedge funds own 99.14% of the company’s stock.

COUP has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price on Coupa Software from $84.00 to $104.00 and gave the stock an “outperform” rating in a research report on Friday, March 8th. Oppenheimer lifted their target price on Coupa Software from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 13th. Morgan Stanley lifted their target price on Coupa Software from $70.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, March 8th. SunTrust Banks lifted their target price on Coupa Software to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, March 12th. Finally, Zacks Investment Research raised Coupa Software from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Thursday, March 14th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $106.88.

Coupa Software Company Profile

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

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