Henry Tayloe Stansbury Sells 5,000 Shares of Coupa Software Inc (NASDAQ:COUP) Stock

Coupa Software Inc (NASDAQ:COUP) Director Henry Tayloe Stansbury sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $152.37, for a total transaction of $761,850.00. Following the sale, the director now owns 13,307 shares of the company’s stock, valued at $2,027,587.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Henry Tayloe Stansbury also recently made the following trade(s):

  • On Tuesday, November 5th, Henry Tayloe Stansbury sold 10,000 shares of Coupa Software stock. The shares were sold at an average price of $128.80, for a total transaction of $1,288,000.00.
  • On Monday, October 7th, Henry Tayloe Stansbury sold 10,000 shares of Coupa Software stock. The shares were sold at an average price of $150.96, for a total transaction of $1,509,600.00.

NASDAQ:COUP opened at $148.53 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.11 and a quick ratio of 2.11. The firm has a 50-day moving average of $141.92 and a two-hundred day moving average of $136.11. The stock has a market cap of $9.61 billion, a P/E ratio of -221.69 and a beta of 1.59. Coupa Software Inc has a 1-year low of $52.02 and a 1-year high of $159.97.

Coupa Software (NASDAQ:COUP) last announced its earnings results on Monday, December 2nd. The technology company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.14. Coupa Software had a negative return on equity of 12.24% and a negative net margin of 23.60%. The company had revenue of $101.78 million during the quarter, compared to the consensus estimate of $96.20 million. During the same period last year, the firm earned $0.08 earnings per share. The company’s revenue was up 50.9% on a year-over-year basis. As a group, equities analysts expect that Coupa Software Inc will post -0.84 earnings per share for the current year.

A number of analysts recently weighed in on COUP shares. Canaccord Genuity started coverage on shares of Coupa Software in a research report on Thursday, September 12th. They set a “buy” rating and a $171.00 price target for the company. JPMorgan Chase & Co. raised their price objective on Coupa Software from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. FBN Securities began coverage on Coupa Software in a research report on Tuesday, September 17th. They issued an “outperform” rating and a $165.00 price objective on the stock. Royal Bank of Canada boosted their price objective on Coupa Software from $135.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. Finally, ValuEngine downgraded Coupa Software from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Nine analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $160.35.

A number of institutional investors and hedge funds have recently modified their holdings of COUP. Morgan Stanley increased its holdings in Coupa Software by 1.9% during the 2nd quarter. Morgan Stanley now owns 5,752,089 shares of the technology company’s stock worth $728,271,000 after purchasing an additional 105,486 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Coupa Software by 1.0% during the second quarter. Vanguard Group Inc. now owns 5,394,454 shares of the technology company’s stock worth $682,992,000 after buying an additional 51,060 shares in the last quarter. Whale Rock Capital Management LLC grew its position in shares of Coupa Software by 14.6% during the second quarter. Whale Rock Capital Management LLC now owns 3,141,702 shares of the technology company’s stock worth $397,771,000 after buying an additional 399,401 shares in the last quarter. Viking Global Investors LP acquired a new stake in shares of Coupa Software during the second quarter worth approximately $126,336,000. Finally, Invesco Ltd. increased its stake in shares of Coupa Software by 361.4% in the second quarter. Invesco Ltd. now owns 899,663 shares of the technology company’s stock worth $113,906,000 after buying an additional 704,683 shares during the last quarter.

About Coupa Software

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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