Coupa Software Incorporated (NASDAQ:COUP – Get Rating) CEO Robert Bernshteyn sold 8,074 shares of the stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $66.20, for a total transaction of $534,498.80. Following the completion of the transaction, the chief executive officer now owns 252,274 shares of the company's stock, valued at $16,700,538.80. The sale was disclosed in a document filed with the SEC, which is available through this link.

Coupa Software Stock Performance

Shares of NASDAQ COUP opened at $62.14 on Friday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 6.81. The company has a market cap of $4.72 billion, a PE ratio of -13.54 and a beta of 1.50. The firm's 50-day moving average price is $66.71 and its 200-day moving average price is $74.79. Coupa Software Incorporated has a 52-week low of $50.54 and a 52-week high of $259.90.

Coupa Software (NASDAQ:COUP – Get Rating) last posted its quarterly earnings data on Tuesday, September 6th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.11. The company had revenue of $211.10 million for the quarter, compared to the consensus estimate of $203.99 million. Coupa Software had a negative net margin of 43.73% and a negative return on equity of 24.29%. The firm's revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.35) earnings per share. As a group, analysts anticipate that Coupa Software Incorporated will post -2.27 EPS for the current year.

Hedge Funds Weigh In On Coupa Software

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. KeyCorp decreased their price target on shares of Coupa Software from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, August 30th. Bank of America decreased their price target on shares of Coupa Software from $120.00 to $96.00 and set a "buy" rating for the company in a research note on Tuesday, May 31st. Evercore ISI decreased their price target on shares of Coupa Software from $140.00 to $115.00 and set an "outperform" rating for the company in a research note on Tuesday, June 7th. Morgan Stanley decreased their price target on shares of Coupa Software from $99.00 to $94.00 and set an "overweight" rating for the company in a research note on Tuesday, August 16th. Finally, BMO Capital Markets decreased their price target on shares of Coupa Software from $85.00 to $72.00 in a research note on Wednesday, August 24th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Coupa Software currently has a consensus rating of "Hold" and an average price target of $90.35.

About Coupa Software

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Coupa Software Incorporated provides cloud-based business spend management platform that connects its customers with suppliers worldwide. The company provides visibility into and control over how companies spend money, optimize supply chains, and manage liquidity, as well as enables businesses to achieve savings that drive profitability.

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