Mark Riggs Sells 2,017 Shares of Coupa Software Incorporated (NASDAQ:COUP) Stock

Coupa Software Incorporated (NASDAQ:COUPGet Rating) insider Mark Riggs sold 2,017 shares of Coupa Software stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $66.20, for a total value of $133,525.40. Following the completion of the transaction, the insider now owns 3,731 shares of the company’s stock, valued at approximately $246,992.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mark Riggs also recently made the following trade(s):

  • On Wednesday, August 3rd, Mark Riggs sold 5,018 shares of Coupa Software stock. The stock was sold at an average price of $75.32, for a total value of $377,955.76.

Coupa Software Stock Down 4.7 %

Shares of NASDAQ COUP traded down $3.05 during midday trading on Thursday, reaching $62.18. The company’s stock had a trading volume of 1,719,767 shares, compared to its average volume of 2,160,366. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 6.81. Coupa Software Incorporated has a fifty-two week low of $50.54 and a fifty-two week high of $259.90. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of -13.55 and a beta of 1.50. The stock has a 50 day simple moving average of $66.67 and a 200-day simple moving average of $75.11.

Coupa Software (NASDAQ:COUPGet Rating) last posted its quarterly earnings data on Tuesday, September 6th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.11. Coupa Software had a negative net margin of 43.73% and a negative return on equity of 24.29%. The company had revenue of $211.10 million for the quarter, compared to the consensus estimate of $203.99 million. During the same period last year, the company earned ($0.35) earnings per share. The firm’s revenue was up 17.8% compared to the same quarter last year. Equities research analysts predict that Coupa Software Incorporated will post -2.27 earnings per share for the current year.

Institutional Trading of Coupa Software

Hedge funds and other institutional investors have recently made changes to their positions in the business. Standard Family Office LLC bought a new position in shares of Coupa Software in the fourth quarter valued at $32,000. Acadian Asset Management LLC bought a new position in shares of Coupa Software in the fourth quarter valued at $47,000. UMB Bank N A MO grew its stake in shares of Coupa Software by 139.1% in the first quarter. UMB Bank N A MO now owns 562 shares of the technology company’s stock valued at $57,000 after buying an additional 327 shares in the last quarter. Heritage Wealth Advisors bought a new position in shares of Coupa Software in the second quarter valued at $41,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Coupa Software by 56.9% in the first quarter. Advisors Asset Management Inc. now owns 965 shares of the technology company’s stock valued at $98,000 after buying an additional 350 shares in the last quarter.

Analysts Set New Price Targets

COUP has been the subject of a number of recent research reports. Barclays dropped their target price on Coupa Software from $85.00 to $71.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 7th. Piper Sandler boosted their target price on Coupa Software from $65.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 7th. BMO Capital Markets dropped their target price on Coupa Software from $85.00 to $72.00 in a research report on Wednesday, August 24th. Citigroup lifted their price objective on Coupa Software from $77.00 to $82.00 in a research note on Wednesday, September 7th. Finally, KeyCorp decreased their price objective on Coupa Software from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, August 30th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Coupa Software currently has an average rating of “Hold” and an average price target of $91.95.

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.

Further Reading

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

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