Coupa Software Inc (NASDAQ:COUP) insider Anthony D. Tiscornia sold 781 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $48.66, for a total transaction of $38,003.46. Following the completion of the sale, the insider now directly owns 521 shares in the company, valued at approximately $25,351.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Coupa Software Inc (NASDAQ COUP) traded up $0.43 during trading hours on Wednesday, hitting $47.96. 1,107,412 shares of the stock were exchanged, compared to its average volume of 875,302. The firm has a market capitalization of $2,640.00 and a price-to-earnings ratio of -57.78. Coupa Software Inc has a twelve month low of $22.50 and a twelve month high of $50.69.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data on Monday, March 12th. The technology company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.17. The business had revenue of $53.80 million during the quarter, compared to analyst estimates of $48.64 million. Coupa Software had a negative net margin of 23.45% and a negative return on equity of 20.33%. During the same quarter in the previous year, the business posted ($0.05) earnings per share. The company’s revenue was up 41.5% on a year-over-year basis. sell-side analysts forecast that Coupa Software Inc will post -0.91 earnings per share for the current year.
Several brokerages have issued reports on COUP. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $38.00 price target (up previously from $32.00) on shares of Coupa Software in a report on Tuesday. Needham & Company LLC set a $55.00 price target on shares of Coupa Software and gave the company a “buy” rating in a report on Tuesday. SunTrust Banks upped their price target on shares of Coupa Software to $56.00 and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $49.00 price target (up previously from $42.00) on shares of Coupa Software in a report on Tuesday. Finally, Zacks Investment Research lowered shares of Coupa Software from a “buy” rating to a “hold” rating in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Coupa Software currently has an average rating of “Buy” and an average target price of $46.13.
Coupa Software Company Profile
Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.
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