Coupa Software Inc (NASDAQ:COUP) Director Veenendaal Frank Van Sells 1,299 Shares

Coupa Software Inc (NASDAQ:COUP) Director Veenendaal Frank Van sold 1,299 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $140.00, for a total transaction of $181,860.00. Following the completion of the sale, the director now owns 79,838 shares in the company, valued at approximately $11,177,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Veenendaal Frank Van also recently made the following trade(s):

  • On Monday, September 16th, Veenendaal Frank Van sold 2,598 shares of Coupa Software stock. The stock was sold at an average price of $129.47, for a total transaction of $336,363.06.

Shares of NASDAQ COUP traded up $0.28 during midday trading on Tuesday, hitting $143.58. The stock had a trading volume of 3,465,465 shares, compared to its average volume of 1,576,260. The business’s 50 day moving average is $138.76 and its 200-day moving average is $118.76. The company has a market cap of $9.31 billion, a P/E ratio of -214.30 and a beta of 1.60. Coupa Software Inc has a 52 week low of $52.01 and a 52 week high of $156.16. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 1.25.



Coupa Software (NASDAQ:COUP) last issued its earnings results on Tuesday, September 3rd. The technology company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.19. The firm had revenue of $95.00 million for the quarter, compared to the consensus estimate of $85.38 million. Coupa Software had a negative net margin of 20.91% and a negative return on equity of 13.73%. The business’s revenue was up 54.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 earnings per share. As a group, analysts expect that Coupa Software Inc will post -1.02 EPS for the current fiscal year.

A number of equities research analysts have weighed in on the stock. Deutsche Bank assumed coverage on shares of Coupa Software in a report on Wednesday, July 24th. They issued a “hold” rating and a $150.00 price objective on the stock. Zacks Investment Research upgraded shares of Coupa Software from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a report on Monday, September 9th. Raymond James upped their price objective on shares of Coupa Software from $115.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, September 4th. Wedbush upped their price objective on shares of Coupa Software from $168.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. set a $90.00 price objective on shares of Coupa Software and gave the stock a “hold” rating in a report on Friday, August 30th. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Coupa Software currently has a consensus rating of “Buy” and an average price target of $153.65.

Hedge funds and other institutional investors have recently modified their holdings of the company. Advantage Investment Management LLC bought a new position in shares of Coupa Software in the second quarter worth approximately $25,000. Patriot Financial Group Insurance Agency LLC bought a new position in Coupa Software during the second quarter valued at approximately $40,000. Destination Wealth Management bought a new position in Coupa Software during the second quarter valued at approximately $44,000. Neuburgh Advisers LLC lifted its position in Coupa Software by 100.0% during the second quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock valued at $45,000 after purchasing an additional 176 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Coupa Software by 39.7% during the second quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock valued at $51,000 after purchasing an additional 115 shares during the period.

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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