Coupa Software Inc (NASDAQ:COUP) SVP Ravi Thakur sold 10,000 shares of Coupa Software stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $62.15, for a total transaction of $621,500.00. Following the sale, the senior vice president now directly owns 15,350 shares of the company’s stock, valued at approximately $954,002.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Ravi Thakur also recently made the following trade(s):
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On Thursday, June 21st, Ravi Thakur sold 494 shares of Coupa Software stock. The stock was sold at an average price of $63.61, for a total transaction of $31,423.34. On Wednesday, June 6th, Ravi Thakur sold 40,000 shares of Coupa Software stock. The stock was sold at an average price of $60.84, for a total transaction of $2,433,600.00.
Shares of COUP traded down $0.67 during trading hours on Tuesday, reaching $61.71. 314,500 shares of the company traded hands, compared to its average volume of 815,246. The firm has a market capitalization of $3.55 billion, a PE ratio of -81.17 and a beta of 1.11. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.27 and a quick ratio of 3.27. Coupa Software Inc has a 12-month low of $28.60 and a 12-month high of $64.95.
Coupa Software (NASDAQ:COUP) last announced its quarterly earnings data on Monday, June 4th. The technology company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.10. The firm had revenue of $56.35 million for the quarter, compared to analyst estimates of $51.33 million. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 19.17%. The business’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.09) earnings per share. research analysts anticipate that Coupa Software Inc will post -1.11 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Brown Advisory Inc. purchased a new stake in shares of Coupa Software during the first quarter valued at $2,376,000. Royal Bank of Canada grew its holdings in shares of Coupa Software by 86,947.6% during the first quarter. Royal Bank of Canada now owns 147,981 shares of the technology company’s stock valued at $6,751,000 after buying an additional 147,811 shares during the last quarter. Adams Street Partners LLC purchased a new stake in shares of Coupa Software during the first quarter valued at $2,297,000. Alkeon Capital Management LLC purchased a new stake in shares of Coupa Software during the first quarter valued at $60,296,000. Finally, Whale Rock Capital Management LLC purchased a new stake in Coupa Software in the first quarter valued at $88,552,000. 93.04% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on COUP shares. Goldman Sachs Group started coverage on shares of Coupa Software in a research note on Monday, April 23rd. They issued a “buy” rating and a $60.00 price objective for the company. Zacks Investment Research downgraded shares of Coupa Software from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Morgan Stanley boosted their price objective on shares of Coupa Software from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 5th. Barclays upped their price target on Coupa Software from $38.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, March 5th. Finally, SunTrust Banks upped their price target on Coupa Software to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, June 5th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $52.53.
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.