Coupa Software Inc (NASDAQ:COUP) CFO Todd R. Ford sold 3,622 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $131.30, for a total transaction of $475,568.60. Following the completion of the sale, the chief financial officer now directly owns 17,677 shares in the company, valued at $2,320,990.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
NASDAQ COUP traded up $3.37 on Tuesday, reaching $139.76. 1,990,151 shares of the company’s stock traded hands, compared to its average volume of 1,765,259. Coupa Software Inc has a 12 month low of $85.90 and a 12 month high of $178.00. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.11 and a quick ratio of 2.11. The stock has a 50-day simple moving average of $149.63 and a 200 day simple moving average of $147.97. The stock has a market cap of $9.02 billion, a PE ratio of -95.73 and a beta of 1.48.
Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, March 16th. The technology company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.16. Coupa Software had a negative net margin of 23.31% and a negative return on equity of 10.33%. The business had revenue of $111.45 million for the quarter, compared to analysts’ expectations of $102.51 million. During the same period last year, the business earned $0.05 earnings per share. The business’s quarterly revenue was up 48.8% on a year-over-year basis. As a group, analysts anticipate that Coupa Software Inc will post -0.94 EPS for the current year.
COUP has been the topic of several research analyst reports. Zacks Investment Research cut shares of Coupa Software from a “buy” rating to a “hold” rating in a research report on Monday. Bank of America upped their price objective on shares of Coupa Software from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Wedbush upped their price objective on shares of Coupa Software from $137.00 to $176.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Morgan Stanley decreased their price objective on shares of Coupa Software from $168.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 17th. Finally, Raymond James decreased their price objective on shares of Coupa Software from $170.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 17th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $147.56.
Coupa Software Company Profile
Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.
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