Coupa Software Inc (COUP) Insider Anthony D. Tiscornia Sells 781 Shares

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Coupa Software Inc (NASDAQ:COUP) insider Anthony D. Tiscornia sold 781 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $95.65, for a total transaction of $74,702.65. Following the sale, the insider now directly owns 521 shares in the company, valued at $49,833.65. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of NASDAQ COUP traded up $4.88 during trading on Thursday, reaching $94.84. 2,101,016 shares of the company traded hands, compared to its average volume of 1,591,352. The company has a market cap of $5.35 billion, a PE ratio of -141.55 and a beta of 1.87. Coupa Software Inc has a 52-week low of $43.89 and a 52-week high of $99.64.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Monday, March 11th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.08. The firm had revenue of $74.91 million for the quarter, compared to the consensus estimate of $68.07 million. Coupa Software had a negative net margin of 21.33% and a negative return on equity of 14.84%. As a group, equities research analysts forecast that Coupa Software Inc will post -0.64 EPS for the current fiscal year.

Several analysts recently commented on the stock. Zacks Investment Research raised shares of Coupa Software from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Thursday, December 6th. Loop Capital raised shares of Coupa Software from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Friday, November 30th. Goldman Sachs Group assumed coverage on shares of Coupa Software in a research report on Friday, February 1st. They set a “buy” rating and a $96.00 price objective on the stock. Raymond James increased their price objective on shares of Coupa Software from $86.00 to $107.00 in a research report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $108.00 price objective (up from $83.00) on shares of Coupa Software in a research report on Tuesday. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $90.46.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Teachers Advisors LLC boosted its holdings in shares of Coupa Software by 6.0% during the 3rd quarter. Teachers Advisors LLC now owns 333,224 shares of the technology company’s stock valued at $26,358,000 after acquiring an additional 18,714 shares during the last quarter. Barton Investment Management purchased a new stake in shares of Coupa Software during the 4th quarter valued at about $996,000. TIAA CREF Investment Management LLC boosted its holdings in shares of Coupa Software by 4.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 241,230 shares of the technology company’s stock valued at $19,081,000 after acquiring an additional 10,803 shares during the last quarter. AXA boosted its holdings in shares of Coupa Software by 132.1% during the 3rd quarter. AXA now owns 78,017 shares of the technology company’s stock valued at $6,171,000 after acquiring an additional 44,400 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Coupa Software by 11.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,610,782 shares of the technology company’s stock valued at $364,712,000 after acquiring an additional 467,714 shares during the last quarter. 98.20% of the stock is currently owned by hedge funds and other institutional investors.

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Coupa Software Company Profile

Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.

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

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