Maurizio Baratta Sells 598 Shares of Coupa Software Incorporated (NASDAQ:COUP) Stock

Coupa Software Incorporated (NASDAQ:COUPGet Rating) CAO Maurizio Baratta sold 598 shares of the business’s stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $55.11, for a total transaction of $32,955.78. Following the completion of the sale, the chief accounting officer now owns 4,170 shares in the company, valued at $229,808.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Maurizio Baratta also recently made the following trade(s):

  • On Friday, April 8th, Maurizio Baratta sold 385 shares of Coupa Software stock. The stock was sold at an average price of $104.73, for a total transaction of $40,321.05.

COUP stock traded up $1.13 during trading hours on Wednesday, hitting $55.57. The company’s stock had a trading volume of 1,519,295 shares, compared to its average volume of 2,378,529. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 6.42. The company has a market capitalization of $4.20 billion, a PE ratio of -11.48 and a beta of 1.45. Coupa Software Incorporated has a 12 month low of $50.54 and a 12 month high of $283.38. The stock has a 50 day moving average price of $74.92 and a two-hundred day moving average price of $109.25.

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

COUP has been the topic of a number of research reports. BMO Capital Markets dropped their target price on shares of Coupa Software from $110.00 to $85.00 in a report on Tuesday, June 7th. KeyCorp dropped their target price on shares of Coupa Software from $125.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 7th. The Goldman Sachs Group downgraded shares of Coupa Software from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $83.00 to $64.00 in a research report on Thursday, May 12th. Wells Fargo & Company dropped their target price on shares of Coupa Software from $190.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 15th. Finally, Raymond James lifted their target price on shares of Coupa Software from $75.00 to $90.00 in a research report on Tuesday, June 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Coupa Software has an average rating of “Hold” and an average price target of $101.89.

Hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors raised its stake in Coupa Software by 11.7% during the 3rd quarter. Captrust Financial Advisors now owns 478 shares of the technology company’s stock valued at $105,000 after purchasing an additional 50 shares during the last quarter. IFM Investors Pty Ltd raised its stake in Coupa Software by 1.0% during the 4th quarter. IFM Investors Pty Ltd now owns 9,574 shares of the technology company’s stock valued at $1,513,000 after purchasing an additional 98 shares during the last quarter. Lloyd Advisory Services LLC. raised its stake in Coupa Software by 32.5% during the 4th quarter. Lloyd Advisory Services LLC. now owns 416 shares of the technology company’s stock valued at $66,000 after purchasing an additional 102 shares during the last quarter. First Republic Investment Management Inc. raised its stake in Coupa Software by 8.0% during the 4th quarter. First Republic Investment Management Inc. now owns 1,560 shares of the technology company’s stock valued at $247,000 after purchasing an additional 115 shares during the last quarter. Finally, Montag A & Associates Inc. raised its stake in Coupa Software by 336.8% during the 4th quarter. Montag A & Associates Inc. now owns 166 shares of the technology company’s stock valued at $26,000 after purchasing an additional 128 shares during the last quarter. 95.45% of the stock is owned by institutional investors.

About Coupa Software (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.

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