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

Coupa Software (NASDAQ:COUP) insider Ravi Thakur sold 11,240 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $35.90, for a total value of $403,516.00. Following the transaction, the insider now owns 13,436 shares of the company’s stock, valued at $482,352.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Wednesday, November 1st, Ravi Thakur sold 11,240 shares of Coupa Software stock. The stock was sold at an average price of $34.99, for a total value of $393,287.60.
  • On Monday, October 2nd, Ravi Thakur sold 11,240 shares of Coupa Software stock. The stock was 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 stock was sold at an average price of $31.16, for a total value of $10,220.48.

Coupa Software (COUP) opened at $32.08 on Thursday. Coupa Software has a 52 week low of $22.50 and a 52 week high of $37.72.

Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.06. Coupa Software had a negative return on equity of 20.71% and a negative net margin of 24.37%. The company had revenue of $47.30 million for the quarter, compared to analyst estimates of $45.02 million. During the same quarter last year, the company posted ($0.22) EPS. The company’s revenue for the quarter was up 33.6% compared to the same quarter last year. equities research analysts forecast that Coupa Software will post -1 EPS for the current fiscal year.

A number of research analysts recently issued reports on COUP shares. Royal Bank Of Canada reiterated a “buy” rating and set a $41.00 price objective on shares of Coupa Software in a report on Wednesday, November 15th. Zacks Investment Research raised Coupa Software from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Northland Securities reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Coupa Software in a research report on Thursday, August 10th. Cantor Fitzgerald reissued a “buy” rating and set a $36.00 price target on shares of Coupa Software in a report on Wednesday, September 6th. Finally, ValuEngine raised Coupa Software from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.66.

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in shares of Coupa Software by 2,294.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock valued at $106,000 after purchasing an additional 3,511 shares during the last quarter. American International Group Inc. bought a new stake in Coupa Software during the 1st quarter worth $132,000. Hillsdale Investment Management Inc. bought a new stake in Coupa Software during the 2nd quarter worth $142,000. Trexquant Investment LP bought a new stake in Coupa Software during the 3rd quarter worth $274,000. Finally, Symmetry Peak Management LLC bought a new stake in Coupa Software during the 2nd quarter worth $290,000. Institutional investors own 76.68% of the company’s stock.

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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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