Coupa Software Inc (NASDAQ:COUP) CFO Sells $989,549.26 in Stock

Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford sold 3,878 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $255.17, for a total transaction of $989,549.26. Following the transaction, the chief financial officer now owns 11,330 shares of the company’s stock, valued at approximately $2,891,076.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ:COUP opened at $264.47 on Friday. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.61 and a quick ratio of 1.61. Coupa Software Inc has a one year low of $99.01 and a one year high of $353.55. The firm has a 50 day simple moving average of $286.66 and a 200 day simple moving average of $231.30. The company has a market cap of $18.21 billion, a price-to-earnings ratio of -158.37 and a beta of 1.43.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Tuesday, September 8th. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.13. Coupa Software had a negative net margin of 23.63% and a negative return on equity of 8.24%. The firm had revenue of $125.90 million during the quarter, compared to analysts’ expectations of $118.82 million. During the same period in the prior year, the company posted $0.07 EPS. The company’s revenue was up 32.5% on a year-over-year basis. As a group, analysts expect that Coupa Software Inc will post -1.16 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. Morgan Stanley grew its holdings in Coupa Software by 9.4% in the first quarter. Morgan Stanley now owns 8,338,809 shares of the technology company’s stock worth $1,165,182,000 after purchasing an additional 714,802 shares during the period. Vanguard Group Inc. lifted its stake in shares of Coupa Software by 5.4% in the second quarter. Vanguard Group Inc. now owns 6,187,449 shares of the technology company’s stock valued at $1,714,172,000 after buying an additional 315,468 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Coupa Software by 7.2% in the second quarter. Jennison Associates LLC now owns 4,858,591 shares of the technology company’s stock valued at $1,346,024,000 after buying an additional 327,527 shares in the last quarter. Discovery Value Fund bought a new position in shares of Coupa Software in the second quarter valued at $470,147,000. Finally, Hound Partners LLC bought a new position in shares of Coupa Software in the second quarter valued at $1,160,000.

COUP has been the subject of a number of research analyst reports. Piper Sandler lifted their target price on shares of Coupa Software from $211.00 to $232.00 and gave the company a “neutral” rating in a research note on Wednesday, September 9th. Bank of America raised their price target on shares of Coupa Software from $285.00 to $360.00 and gave the company a “buy” rating in a report on Friday, August 28th. KeyCorp lifted their target price on shares of Coupa Software from $320.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Morgan Stanley lifted their target price on shares of Coupa Software from $272.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Zacks Investment Research raised shares of Coupa Software from a “sell” rating to a “hold” rating in a research report on Wednesday, September 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $248.33.

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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