Coupa Software Inc (NASDAQ:COUP) Insider Mark Riggs Sells 626 Shares

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Coupa Software Inc (NASDAQ:COUP) insider Mark Riggs sold 626 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $125.70, for a total transaction of $78,688.20. Following the completion of the transaction, the insider now directly owns 902 shares in the company, valued at $113,381.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Mark Riggs also recently made the following trade(s):

  • On Monday, June 24th, Mark Riggs sold 929 shares of Coupa Software stock. The shares were sold at an average price of $127.11, for a total transaction of $118,085.19.
  • On Tuesday, June 11th, Mark Riggs sold 3,843 shares of Coupa Software stock. The shares were sold at an average price of $118.77, for a total transaction of $456,433.11.
  • On Friday, May 24th, Mark Riggs sold 930 shares of Coupa Software stock. The shares were sold at an average price of $111.71, for a total transaction of $103,890.30.
  • On Wednesday, April 24th, Mark Riggs sold 929 shares of Coupa Software stock. The stock was sold at an average price of $95.44, for a total transaction of $88,663.76.

NASDAQ:COUP opened at $118.94 on Thursday. The stock has a market cap of $7.44 billion, a price-to-earnings ratio of -177.52 and a beta of 1.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.07. The company has a 50-day moving average price of $114.40. Coupa Software Inc has a 12-month low of $52.01 and a 12-month high of $129.40.

Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, June 3rd. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.29. The company had revenue of $81.30 million for the quarter, compared to analyst estimates of $73.85 million. Coupa Software had a negative net margin of 21.22% and a negative return on equity of 14.29%. The firm’s quarterly revenue was up 44.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) EPS. As a group, equities analysts predict that Coupa Software Inc will post -1.19 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc increased its position in shares of Coupa Software by 11.3% during the third quarter. Vanguard Group Inc now owns 4,610,782 shares of the technology company’s stock valued at $364,712,000 after acquiring an additional 467,714 shares during the last quarter. Rhumbline Advisers increased its position in shares of Coupa Software by 49.4% during the fourth quarter. Rhumbline Advisers now owns 71,887 shares of the technology company’s stock valued at $4,519,000 after acquiring an additional 23,759 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Coupa Software by 27.6% during the fourth quarter. Prudential Financial Inc. now owns 6,002 shares of the technology company’s stock valued at $377,000 after acquiring an additional 1,300 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Coupa Software by 66.6% during the fourth quarter. New York State Common Retirement Fund now owns 112,037 shares of the technology company’s stock valued at $7,043,000 after acquiring an additional 44,808 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of Coupa Software during the fourth quarter valued at about $482,000. Institutional investors own 99.14% of the company’s stock.

Several research firms recently commented on COUP. Barclays boosted their price objective on shares of Coupa Software from $95.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 4th. They noted that the move was a valuation call. Raymond James boosted their price objective on shares of Coupa Software from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 4th. Loop Capital boosted their price objective on shares of Coupa Software to $125.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Oppenheimer boosted their price objective on shares of Coupa Software from $111.00 to $130.00 in a research report on Tuesday, June 18th. Finally, Zacks Investment Research upgraded shares of Coupa Software from a “sell” rating to a “hold” rating in a research report on Thursday, June 20th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Coupa Software has an average rating of “Buy” and an average price target of $108.38.

About Coupa Software

Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.

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Insider Buying and Selling by Quarter for Coupa Software (NASDAQ:COUP)

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