Coupa Software Incorporated (NASDAQ:COUP – Get Rating) CAO Maurizio Baratta sold 1,142 shares in the company in a transaction on Wednesday, December 21st. The shares sold for an average of $78.59, and the total transaction value he had was $89,749.78. After the sale, the Chief Accounting Officer now directly owns 7,031 shares in the company, valued at $552,566.29. The sale was disclosed in legal filings with the SEC available at this link.
Coupa Software stock performance
NASDAQ:COUP shares fell $0.14 on Thursday to reach $78.45. His 6,193,569 shares of the company’s stock were exchanged, but the average trading volume was his 2,590,363 shares. The company has a 50-day moving average of $57.72 and a 200-day moving average of $61.59. Coupa Software Incorporated has a 12-month low of $40.29 and a 12-month high of $166.21. The company has a market capitalization of $5.97 billion, a price/earnings ratio of -17.09, and a beta of 1.35. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt to equity ratio of 7.62.
Coupa Software (NASDAQ:COUP – Get Rating) last announced its financial results on Monday, December 12th. The tech company reported his earnings per share (EPS) of $0.15 for the quarter, beating analyst consensus expectations of $0.10 for him by $0.05. Coupa Software had a net profit margin of 41.24% and a return on equity of 45.54%. The company’s revenue for the quarter was $217.3 million, compared with analyst estimates of $213.31 million. In the same quarter last year, the business posted ($0.36) EPS. Business revenue increased by 17.0% compared to the same period last year. On average, research analysts expect Coupa Software Incorporated to report -2.34 EPS for the current fiscal year.
Wall Street Analyst Predicts Growth
Recently, many brokerage firms have issued reports on COUPs. Needham & Company LLC downgraded Coupa Software’s stock from a Buy rating to a Pending rating in a report on Tuesday, December 13. Raymond James downgraded Coupa Software’s stock from an “outperform” rating to a “market he performed” rating in a report on Tuesday, Dec. 13. DA Davidson raised his price target on Coupa Software’s stock to $81.00 from his $50.00 in a report on Tuesday, Dec. 13. Trust Financial reaffirmed its “pending” rating on Coupa Software’s stock in a report on Tuesday, Dec. 13. Finally, Wells Fargo & Company increased its price target on Coupa Software stock from $65.00 to $81.00 in its report on Tuesday, December 13th. Three investment analysts gave the stock a sell rating, 16 gave a hold rating, and five issued a buy rating. According to MarketBeat, Coupa Software currently has an average rating of “pending” and an average target price of $79.42.
Coupa software institutional trading
A large investor recently changed positions in the company. Handelsbanken Fonder AB boosted his Coupa Software stock position by 46.9% in the second quarter. Handelsbanken Fonder AB now owns 11,600 shares in technology companies valued at $662,000 after acquiring a further 3,701 shares in the previous quarter. Kettle Hill Capital Management LLC increased his Coupa Software stock position by 115.8% in the second quarter. Kettle Hill Capital Management LLC now owns 115,083 shares in technology companies worth $6,571,000 after he acquired an additional 61,744 shares last quarter. Quantinno Capital Management LP increased his Coupa Software stock position by 186.6% in the first quarter. Quantinno Capital Management LP owns 7,145 shares in the technology company valued at $726,000 after acquiring an additional 4,652 shares in the previous quarter. Ergoteles LLC increased his Coupa Software stock position by 325.4% in the first quarter. Ergoteles LLC now owns 137,105 shares of the technology company worth $13,934,000 after acquiring an additional 104,877 shares in the previous quarter. Finally, Natixis boosted his Coupa Software stock position by 354.9% in the second quarter. Natixis now owns 83,000 shares in technology companies worth $4,739,000 after he acquired an additional 64,753 shares last quarter. Institutional investors and hedge funds own 99.09% of the company’s shares.
Coupa Software Company Profile
Coupa Software Incorporated provides a cloud-based business spend management platform that connects customers and suppliers around the world. The company not only gives businesses visibility and control over how they spend their money, optimizes their supply chains and manages liquidity, but also enables businesses to achieve savings that drive profitability. .
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