Insider Selling: Coupa Software Incorporated (NASDAQ:COUP) CAO Sells 385 Shares of Stock

Coupa Software Incorporated (NASDAQ:COUPGet Rating) CAO Maurizio Baratta sold 385 shares of Coupa Software stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $104.73, for a total transaction of $40,321.05. Following the completion of the transaction, the chief accounting officer now owns 3,077 shares of the company’s stock, valued at $322,254.21. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Monday, March 21st, Maurizio Baratta sold 902 shares of Coupa Software stock. The shares were sold at an average price of $98.75, for a total transaction of $89,072.50.

NASDAQ COUP traded down $1.25 on Tuesday, reaching $102.79. The company had a trading volume of 101,105 shares, compared to its average volume of 4,410,794. The firm’s 50 day moving average price is $111.13 and its 200 day moving average price is $162.10. Coupa Software Incorporated has a 12 month low of $64.79 and a 12 month high of $283.38. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $7.72 billion, a PE ratio of -20.56 and a beta of 1.41.

Coupa Software (NASDAQ:COUPGet Rating) last issued its quarterly earnings results on Monday, March 14th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.05 by $0.14. The company had revenue of $193.30 million for the quarter, compared to the consensus estimate of $186.18 million. Coupa Software had a negative net margin of 52.26% and a negative return on equity of 14.13%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.82) EPS. On average, research analysts expect that Coupa Software Incorporated will post -2.43 EPS for the current year.

Several analysts have weighed in on the stock. KeyCorp lowered their price target on shares of Coupa Software from $175.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, March 15th. StockNews.com assumed coverage on shares of Coupa Software in a research note on Thursday, March 31st. They issued a “sell” rating for the company. Raymond James lowered their price target on shares of Coupa Software from $195.00 to $75.00 and set an “outperform” rating for the company in a research note on Tuesday, March 15th. UBS Group lowered their price target on shares of Coupa Software from $130.00 to $105.00 in a research note on Wednesday, March 16th. Finally, Morgan Stanley reiterated a “buy” rating and set a $125.00 target price on shares of Coupa Software in a report on Friday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Coupa Software presently has a consensus rating of “Hold” and a consensus target price of $150.19.

A number of large investors have recently modified their holdings of COUP. Capital World Investors bought a new position in Coupa Software during the 4th quarter valued at about $156,922,000. Norges Bank bought a new position in Coupa Software during the 4th quarter valued at about $136,895,000. Brown Advisory Inc. grew its holdings in Coupa Software by 55.9% during the 4th quarter. Brown Advisory Inc. now owns 2,044,396 shares of the technology company’s stock valued at $323,118,000 after purchasing an additional 732,630 shares during the last quarter. Third Point LLC bought a new position in Coupa Software during the 4th quarter valued at about $102,732,000. Finally, Renaissance Technologies LLC boosted its position in Coupa Software by 297.7% in the 4th quarter. Renaissance Technologies LLC now owns 769,900 shares of the technology company’s stock valued at $121,683,000 after buying an additional 576,300 shares during the period.

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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