Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $56.08, for a total transaction of $701,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Coupa Software stock opened at $56.87 on Friday. Coupa Software Inc has a 52 week low of $30.65 and a 52 week high of $84.53.
Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Tuesday, September 4th. The technology company reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.13. The company had revenue of $61.65 million for the quarter, compared to analyst estimates of $56.61 million. Coupa Software had a negative net margin of 22.52% and a negative return on equity of 16.73%. On average, research analysts forecast that Coupa Software Inc will post -0.98 EPS for the current year.
A number of institutional investors have recently made changes to their positions in the business. Great West Life Assurance Co. Can increased its stake in Coupa Software by 50.5% in the second quarter. Great West Life Assurance Co. Can now owns 4,064 shares of the technology company’s stock valued at $253,000 after purchasing an additional 1,364 shares during the last quarter. Strs Ohio increased its stake in Coupa Software by 10.0% in the second quarter. Strs Ohio now owns 19,800 shares of the technology company’s stock valued at $1,232,000 after purchasing an additional 1,800 shares during the last quarter. Swiss National Bank grew its position in shares of Coupa Software by 3.0% during the third quarter. Swiss National Bank now owns 79,000 shares of the technology company’s stock worth $6,249,000 after acquiring an additional 2,300 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Coupa Software by 20.1% during the second quarter. California Public Employees Retirement System now owns 14,097 shares of the technology company’s stock worth $877,000 after acquiring an additional 2,355 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Coupa Software during the second quarter worth approximately $153,000. Institutional investors own 97.10% of the company’s stock.
About Coupa Software
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.
Further Reading: Balanced Fund
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