Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford Sells 12,500 Shares

Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $137.17, for a total transaction of $1,714,625.00. Following the transaction, the chief financial officer now directly owns 33,673 shares of the company’s stock, valued at $4,618,925.41. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Coupa Software stock traded down $3.74 during mid-day trading on Thursday, hitting $139.17. 14,045 shares of the company’s stock traded hands, compared to its average volume of 1,189,435. The firm has a 50 day simple moving average of $138.88 and a two-hundred day simple moving average of $111.50. Coupa Software Inc has a fifty-two week low of $52.01 and a fifty-two week high of $148.00. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of -210.39 and a beta of 1.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.07 and a quick ratio of 1.07.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Monday, June 3rd. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.29. Coupa Software had a negative return on equity of 14.29% and a negative net margin of 21.22%. The business had revenue of $81.30 million during the quarter, compared to the consensus estimate of $73.85 million. During the same quarter last year, the firm posted ($0.01) EPS. The company’s quarterly revenue was up 44.1% on a year-over-year basis. On average, research analysts anticipate that Coupa Software Inc will post -1.15 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in COUP. FMR LLC lifted its holdings in Coupa Software by 86.9% during the 1st quarter. FMR LLC now owns 3,467,506 shares of the technology company’s stock valued at $315,474,000 after purchasing an additional 1,612,326 shares during the last quarter. Viking Global Investors LP acquired a new stake in Coupa Software during the 2nd quarter valued at $126,336,000. Pelham Capital Ltd. acquired a new stake in Coupa Software during the 2nd quarter valued at $94,777,000. Invesco Ltd. lifted its holdings in Coupa Software by 361.4% during the 2nd quarter. Invesco Ltd. now owns 899,663 shares of the technology company’s stock valued at $113,906,000 after purchasing an additional 704,683 shares during the last quarter. Finally, PointState Capital LP lifted its holdings in Coupa Software by 852.5% during the 2nd quarter. PointState Capital LP now owns 728,652 shares of the technology company’s stock valued at $92,255,000 after purchasing an additional 652,152 shares during the last quarter.

Several equities analysts have recently weighed in on the stock. Loop Capital raised their price target on shares of Coupa Software to $125.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. SunTrust Banks raised their price target on shares of Coupa Software to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Zacks Investment Research raised shares of Coupa Software from a “sell” rating to a “hold” rating and set a $148.00 price target for the company in a research note on Monday, August 5th. Oppenheimer raised their price target on shares of Coupa Software from $111.00 to $130.00 in a research note on Tuesday, June 18th. Finally, Barclays increased their price objective on Coupa Software from $95.00 to $101.00 and gave the company an “equal weight” rating in a report on Tuesday, June 4th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $123.94.

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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