Insider Selling: Coupa Software Incorporated (NASDAQ:COUP) EVP Sells 2,174 Shares of Stock

Coupa Software Incorporated (NASDAQ:COUPGet Rating) EVP Robert Glenn sold 2,174 shares of the company’s stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $55.11, for a total transaction of $119,809.14. Following the sale, the executive vice president now owns 8,199 shares of the company’s stock, valued at approximately $451,846.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Robert Glenn also recently made the following trade(s):

  • On Monday, April 4th, Robert Glenn sold 566 shares of Coupa Software stock. The shares were sold at an average price of $103.59, for a total transaction of $58,631.94.
  • On Friday, April 1st, Robert Glenn sold 942 shares of Coupa Software stock. The shares were sold at an average price of $101.25, for a total transaction of $95,377.50.

NASDAQ:COUP traded up $1.13 on Wednesday, hitting $55.57. 1,519,295 shares of the company’s stock were exchanged, compared to its average volume of 2,378,529. The firm has a 50-day moving average price of $74.92 and a 200-day moving average price of $109.25. The company has a debt-to-equity ratio of 6.42, a current ratio of 1.81 and a quick ratio of 1.81. Coupa Software Incorporated has a 52 week low of $50.54 and a 52 week high of $283.38. The company has a market cap of $4.20 billion, a P/E ratio of -11.48 and a beta of 1.45.

Coupa Software (NASDAQ:COUPGet Rating) last issued its earnings results on Monday, June 6th. The technology company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.05). The firm had revenue of $196.37 million during the quarter, compared to the consensus estimate of $190.69 million. Coupa Software had a negative net margin of 47.72% and a negative return on equity of 17.87%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.57) earnings per share. On average, research analysts expect that Coupa Software Incorporated will post -2.63 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on COUP shares. BMO Capital Markets decreased their price target on shares of Coupa Software from $110.00 to $85.00 in a report on Tuesday, June 7th. Bank of America decreased their price target on shares of Coupa Software from $120.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, May 31st. Oppenheimer lowered shares of Coupa Software from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 15th. Needham & Company LLC reduced their target price on shares of Coupa Software from $210.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, March 15th. Finally, Morgan Stanley reaffirmed a “buy” rating and issued a $125.00 target price on shares of Coupa Software in a research note on Friday, April 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $101.89.

A number of institutional investors have recently added to or reduced their stakes in the business. American Trust raised its holdings in Coupa Software by 20.5% in the 1st quarter. American Trust now owns 6,769 shares of the technology company’s stock valued at $688,000 after acquiring an additional 1,150 shares during the period. Worldquant Millennium Advisors LLC raised its holdings in Coupa Software by 65.0% in the 1st quarter. Worldquant Millennium Advisors LLC now owns 120,350 shares of the technology company’s stock valued at $12,231,000 after acquiring an additional 47,392 shares during the period. Advisors Asset Management Inc. raised its holdings in Coupa Software by 56.9% in the 1st quarter. Advisors Asset Management Inc. now owns 965 shares of the technology company’s stock valued at $98,000 after acquiring an additional 350 shares during the period. Quantamental Technologies LLC bought a new position in Coupa Software in the 1st quarter valued at about $202,000. Finally, Quantbot Technologies LP raised its holdings in Coupa Software by 34.3% in the 1st quarter. Quantbot Technologies LP now owns 9,658 shares of the technology company’s stock valued at $981,000 after acquiring an additional 2,466 shares during the period. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Coupa Software Company Profile (Get Rating)

Coupa Software Incorporated provides cloud-based business spend management platform that connects its customers with suppliers worldwide. The company provides visibility into and control over how companies spend money, optimize supply chains, and manage liquidity, as well as enables businesses to achieve savings that drive profitability.

Further Reading

Insider Buying and Selling by Quarter for Coupa Software (NASDAQ:COUP)

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