Coupa Software Sees Unusually Large Options Volume (COUP)

Coupa Software Inc (NASDAQ:COUP) was the target of unusually large options trading activity on Wednesday. Stock investors acquired 2,992 call options on the company. This represents an increase of 1,121% compared to the average daily volume of 245 call options.

In other news, CEO Robert Bernshteyn sold 63,225 shares of the business’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $77.24, for a total value of $4,883,499.00. Following the completion of the sale, the chief executive officer now directly owns 204,218 shares in the company, valued at $15,773,798.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Anthony D. Tiscornia sold 781 shares of the business’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $78.06, for a total transaction of $60,964.86. Following the completion of the sale, the insider now owns 521 shares of the company’s stock, valued at $40,669.26. The disclosure for this sale can be found here. Insiders sold 293,604 shares of company stock valued at $19,708,143 over the last 90 days. 6.50% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Coupa Software during the second quarter worth $153,000. D.A. Davidson & CO. bought a new stake in Coupa Software in the 3rd quarter valued at $220,000. GAM Holding AG bought a new stake in Coupa Software in the 2nd quarter valued at $204,000. Quantitative Systematic Strategies LLC bought a new stake in Coupa Software in the 2nd quarter valued at $211,000. Finally, GSA Capital Partners LLP bought a new stake in Coupa Software in the 3rd quarter valued at $277,000. 97.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of COUP stock opened at $56.97 on Friday. Coupa Software has a 1 year low of $30.65 and a 1 year high of $84.53. The firm has a market cap of $3.19 billion, a P/E ratio of -74.96 and a beta of 1.79.

Coupa Software (NASDAQ:COUP) last announced its earnings results on Tuesday, September 4th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.13. Coupa Software had a negative net margin of 22.52% and a negative return on equity of 16.73%. The business had revenue of $61.65 million for the quarter, compared to analyst estimates of $56.61 million. On average, analysts expect that Coupa Software will post -0.98 EPS for the current fiscal year.

A number of brokerages have recently weighed in on COUP. Zacks Investment Research cut shares of Coupa Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Northland Securities cut shares of Coupa Software from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 11th. Loop Capital boosted their price objective on shares of Coupa Software to $72.00 and gave the stock a “hold” rating in a research note on Wednesday, September 5th. Raymond James boosted their price objective on shares of Coupa Software from $60.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 5th. Finally, Needham & Company LLC boosted their target price on shares of Coupa Software from $63.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $63.69.

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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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