Stock Traders Purchase Large Volume of Call Options on Coupa Software (COUP)

Coupa Software (NASDAQ:COUP) was the target of unusually large options trading activity on Tuesday. Traders bought 932 call options on the company. This represents an increase of 1,480% compared to the average daily volume of 59 call options.

In other news, CFO Todd R. Ford sold 12,000 shares of Coupa Software stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $31.56, for a total transaction of $378,720.00. Following the completion of the transaction, the chief financial officer now directly owns 14,613 shares in the company, valued at $461,186.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ravi Thakur sold 11,240 shares of Coupa Software stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $35.90, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 491,519 shares of company stock valued at $16,224,868 over the last 90 days. Corporate insiders own 32.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. bought a new stake in Coupa Software in the first quarter worth about $132,000. Vanguard Group Inc. raised its position in Coupa Software by 27.5% in the first quarter. Vanguard Group Inc. now owns 749,441 shares of the technology company’s stock worth $19,035,000 after acquiring an additional 161,830 shares during the period. Geode Capital Management LLC raised its position in Coupa Software by 6.5% in the first quarter. Geode Capital Management LLC now owns 98,463 shares of the technology company’s stock worth $2,500,000 after acquiring an additional 5,967 shares during the period. Schwab Charles Investment Management Inc. raised its position 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 worth $713,000 after acquiring an additional 1,368 shares during the period. Finally, TD Asset Management Inc. raised its position in Coupa Software by 148.2% in the second quarter. TD Asset Management Inc. now owns 107,975 shares of the technology company’s stock worth $3,129,000 after acquiring an additional 64,475 shares during the period. 76.68% of the stock is currently owned by institutional investors.

Coupa Software (NASDAQ:COUP) opened at $32.85 on Friday. Coupa Software has a 12-month low of $22.50 and a 12-month high of $37.72.

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

A number of research analysts have recently issued reports on COUP shares. Northland Securities reiterated a “buy” rating and set a $38.00 price objective on shares of Coupa Software in a report on Thursday, August 10th. Royal Bank Of Canada lifted their price objective on shares of Coupa Software from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Wednesday, September 6th. Cantor Fitzgerald reiterated a “buy” rating and set a $36.00 price objective on shares of Coupa Software in a report on Wednesday, September 6th. Zacks Investment Research cut shares of Coupa Software from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Finally, ValuEngine raised shares of Coupa Software from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $35.69.

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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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