Coupa Software Inc (COUP) CRO Steven M. Winter Sells 11,336 Shares of Stock

Coupa Software Inc (NASDAQ:COUP) CRO Steven M. Winter sold 11,336 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $33.99, for a total transaction of $385,310.64. Following the completion of the transaction, the executive now directly owns 12,480 shares of the company’s stock, valued at $424,195.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Coupa Software Inc (COUP) opened at $36.01 on Thursday. The stock has a market capitalization of $1,896.35, a price-to-earnings ratio of -45.01 and a beta of 4.39. Coupa Software Inc has a 52-week low of $22.50 and a 52-week high of $37.72.

Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.06. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The business had revenue of $47.30 million during the quarter, compared to the consensus estimate of $45.02 million. During the same period last year, the company earned ($0.22) earnings per share. The business’s revenue for the quarter was up 33.6% compared to the same quarter last year. equities analysts forecast that Coupa Software Inc will post -0.94 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. American International Group Inc. lifted its position in shares of Coupa Software by 8.1% during the third quarter. American International Group Inc. now owns 19,989 shares of the technology company’s stock worth $623,000 after purchasing an additional 1,494 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Coupa Software by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 113,344 shares of the technology company’s stock worth $3,531,000 after purchasing an additional 2,782 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Coupa Software by 2,294.8% during the second quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock worth $106,000 after purchasing an additional 3,511 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Coupa Software during the second quarter worth $142,000. Finally, Quantbot Technologies LP lifted its position in shares of Coupa Software by 31.3% during the third quarter. Quantbot Technologies LP now owns 28,615 shares of the technology company’s stock worth $891,000 after purchasing an additional 6,819 shares during the last quarter. Institutional investors and hedge funds own 74.67% of the company’s stock.

A number of research firms recently weighed in on COUP. CIBC began coverage on shares of Coupa Software in a report on Friday, December 22nd. They issued an “outperform” rating and a $41.00 target price for the company. Northland Securities set a $41.00 target price on shares of Coupa Software and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research lowered shares of Coupa Software from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Barclays restated a “hold” rating and issued a $38.00 price target (up from $34.00) on shares of Coupa Software in a research report on Monday, November 27th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $36.00 price target on shares of Coupa Software in a research report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $36.87.

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About Coupa Software

Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.

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

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