Coupa Software Inc (NASDAQ:COUP) CRO Steven M. Winter sold 11,336 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $100.61, for a total transaction of $1,140,514.96. Following the completion of the sale, the executive now owns 14,040 shares of the company’s stock, valued at approximately $1,412,564.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of COUP opened at $105.56 on Thursday. The stock has a market capitalization of $6.10 billion, a PE ratio of -157.55 and a beta of 1.88. Coupa Software Inc has a 52-week low of $49.62 and a 52-week high of $107.90.
Coupa Software (NASDAQ:COUP) last posted its earnings results on Monday, March 11th. The technology company reported ($0.18) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.08. Coupa Software had a negative net margin of 21.33% and a negative return on equity of 14.28%. The firm had revenue of $74.91 million during the quarter, compared to the consensus estimate of $68.07 million. As a group, analysts forecast that Coupa Software Inc will post -0.78 earnings per share for the current fiscal year.
Several analysts have recently commented on COUP shares. Royal Bank of Canada raised their target price on shares of Coupa Software from $84.00 to $104.00 and gave the stock an “outperform” rating in a research note on Friday, March 8th. Zacks Investment Research cut shares of Coupa Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 5th. Oppenheimer raised their target price on shares of Coupa Software from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 13th. Morgan Stanley raised their target price on shares of Coupa Software from $70.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, March 8th. Finally, Loop Capital increased their price target on shares of Coupa Software to $85.00 and gave the company a “buy” rating in a report on Thursday, January 24th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $96.80.
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Coupa Software Company Profile
Coupa Software Incorporated provides cloud-based business 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.
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