Ravi Thakur Sells 11,240 Shares of Coupa Software Inc (COUP) Stock

Coupa Software Inc (NASDAQ:COUP) insider Ravi Thakur sold 11,240 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $34.99, for a total value of $393,287.60. Following the completion of the transaction, the insider now directly owns 24,676 shares in the company, valued at $863,413.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Ravi Thakur also recently made the following trade(s):

  • On Monday, October 2nd, Ravi Thakur sold 11,240 shares of Coupa Software stock. The shares were sold at an average price of $31.35, for a total value of $352,374.00.
  • On Thursday, September 21st, Ravi Thakur sold 328 shares of Coupa Software stock. The shares were sold at an average price of $31.16, for a total value of $10,220.48.
  • On Friday, September 1st, Ravi Thakur sold 11,240 shares of Coupa Software stock. The shares were sold at an average price of $30.29, for a total value of $340,459.60.

Shares of Coupa Software Inc (NASDAQ COUP) opened at $35.03 on Friday. Coupa Software Inc has a 52-week low of $22.50 and a 52-week high of $37.72.

Coupa Software (NASDAQ:COUP) last announced its earnings results on Tuesday, September 5th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.18. Coupa Software had a negative return on equity of 19.01% and a negative net margin of 24.00%. The business had revenue of $44.60 million for the quarter, compared to analyst estimates of $41.59 million. The firm’s revenue was up 43.4% on a year-over-year basis. sell-side analysts predict that Coupa Software Inc will post -1 EPS for the current year.

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COUP has been the topic of several research reports. Cantor Fitzgerald initiated coverage on Coupa Software in a research report on Thursday, July 20th. They issued an “overweight” rating and a $35.00 price objective on the stock. Northland Securities reissued a “buy” rating and issued a $38.00 price objective on shares of Coupa Software in a research report on Thursday, August 10th. ValuEngine raised Coupa Software from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Zacks Investment Research lowered Coupa Software from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Finally, First Analysis initiated coverage on Coupa Software in a research report on Monday, August 7th. They issued an “overweight” rating and a $37.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Coupa Software currently has an average rating of “Hold” and a consensus target price of $35.16.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nationwide Fund Advisors increased its holdings in Coupa Software by 22.7% in the first quarter. Nationwide Fund Advisors now owns 5,131 shares of the technology company’s stock valued at $130,000 after buying an additional 949 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Coupa Software by 5.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 28,056 shares of the technology company’s stock valued at $713,000 after buying an additional 1,368 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Coupa Software by 1.2% in the first quarter. JPMorgan Chase & Co. now owns 207,666 shares of the technology company’s stock valued at $5,274,000 after buying an additional 2,560 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Coupa Software by 2,294.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock valued at $106,000 after buying an additional 3,511 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in Coupa Software in the second quarter valued at about $142,000. 63.68% of the stock is currently owned by institutional investors and hedge funds.

About Coupa Software

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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