Coupa Software Incorporated (NASDAQ:COUP – Get Rating) CEO Robert Bernshteyn sold 8,074 shares of the firm's stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $66.20, for a total value of $534,498.80. Following the transaction, the chief executive officer now directly owns 252,274 shares in the company, valued at approximately $16,700,538.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Coupa Software Trading Down 0.1 %

Shares of Coupa Software stock opened at $62.14 on Friday. Coupa Software Incorporated has a fifty-two week low of $50.54 and a fifty-two week high of $259.90. The firm has a market cap of $4.72 billion, a PE ratio of -13.54 and a beta of 1.50. The business's fifty day moving average is $66.71 and its two-hundred day moving average is $74.50. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 6.81.

Coupa Software (NASDAQ:COUP – Get Rating) last issued its quarterly earnings results on Tuesday, September 6th. The technology company reported $0.20 earnings per share 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 analyst estimates of $203.99 million. Coupa Software had a negative return on equity of 24.29% and a negative net margin of 43.73%. The business's revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.35) EPS. Analysts anticipate that Coupa Software Incorporated will post -2.27 earnings per share for the current year.

Analysts Set New Price Targets

Institutional Trading of Coupa Software

A number of institutional investors and hedge funds have recently made changes to their positions in COUP. Mackenzie Financial Corp increased its holdings in shares of Coupa Software by 41,503.9% during the 1st quarter. Mackenzie Financial Corp now owns 1,622,967 shares of the technology company's stock worth $164,942,000 after buying an additional 1,619,066 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of Coupa Software by 1,237.4% during the 1st quarter. William Blair Investment Management LLC now owns 1,595,093 shares of the technology company's stock worth $162,109,000 after buying an additional 1,475,825 shares during the last quarter. Eminence Capital LP acquired a new stake in shares of Coupa Software during the 1st quarter worth $136,679,000. Capital World Investors acquired a new stake in shares of Coupa Software during the 4th quarter worth $156,922,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Coupa Software by 87.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,119,300 shares of the technology company's stock worth $121,012,000 after buying an additional 991,100 shares during the last quarter.

Coupa Software Company Profile

(Get Rating)

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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