Coupa Software Inc (NASDAQ:COUP) insider Mark Riggs sold 644 shares of the business’s stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $65.00, for a total value of $41,860.00. Following the completion of the sale, the insider now owns 3,655 shares of the company’s stock, valued at $237,575. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Mark Riggs also recently made the following trade(s):
- On Friday, November 30th, Mark Riggs sold 644 shares of Coupa Software stock. The shares were sold at an average price of $65.00, for a total value of $41,860.00.
- On Wednesday, October 31st, Mark Riggs sold 7,908 shares of Coupa Software stock. The shares were sold at an average price of $65.00, for a total value of $514,020.00.
Shares of COUP opened at $64.69 on Friday. Coupa Software Inc has a one year low of $30.65 and a one year high of $84.53. The company has a market cap of $3.90 billion, a price-to-earnings ratio of -85.12 and a beta of 1.34.
Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Coupa Software during the second quarter valued at approximately $153,000. D.A. Davidson & CO. acquired a new position in Coupa Software during the third quarter valued at approximately $220,000. GSA Capital Partners LLP acquired a new position in Coupa Software during the third quarter valued at approximately $277,000. Caxton Associates LP acquired a new position in Coupa Software during the third quarter valued at approximately $291,000. Finally, Great West Life Assurance Co. Can raised its position in Coupa Software by 50.5% during the second quarter. Great West Life Assurance Co. Can now owns 4,064 shares of the technology company’s stock valued at $253,000 after purchasing an additional 1,364 shares in the last quarter. Institutional investors and hedge funds own 94.52% of the company’s stock.
Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Coupa Software from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Thursday, December 6th. Loop Capital upgraded Coupa Software from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Friday, November 30th. Barclays boosted their price target on Coupa Software from $69.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 4th. Finally, UBS Group cut their price target on Coupa Software from $90.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, December 4th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $65.38.
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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.
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