Coupa Software Incorporated (NASDAQ:COUP) Insider Mark Riggs Sells 2,017 Shares of Stock

Coupa Software Incorporated (NASDAQ:COUPGet Rating) insider Mark Riggs sold 2,017 shares of the firm’s stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $55.11, for a total transaction of $111,156.87. Following the transaction, the insider now owns 3,729 shares of the company’s stock, valued at approximately $205,505.19. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Friday, March 25th, Mark Riggs sold 1,013 shares of Coupa Software stock. The stock was sold at an average price of $104.87, for a total transaction of $106,233.31.

COUP opened at $55.57 on Thursday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 6.42. The firm’s fifty day moving average price is $74.92 and its two-hundred day moving average price is $109.25. Coupa Software Incorporated has a 1 year low of $50.54 and a 1 year high of $283.38.

Coupa Software (NASDAQ:COUPGet Rating) last posted its quarterly earnings data on Monday, June 6th. The technology company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.05). The firm had revenue of $196.37 million for the quarter, compared to analysts’ expectations of $190.69 million. Coupa Software had a negative return on equity of 17.87% and a negative net margin of 47.72%. Coupa Software’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.57) earnings per share. Sell-side analysts predict that Coupa Software Incorporated will post -2.63 EPS for the current fiscal year.

Several research firms have issued reports on COUP. The Goldman Sachs Group lowered shares of Coupa Software from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $83.00 to $64.00 in a report on Thursday, May 12th. KeyCorp lowered their price objective on shares of Coupa Software from $125.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, June 7th. Royal Bank of Canada lowered their price objective on shares of Coupa Software from $155.00 to $65.00 and set a “sector perform” rating for the company in a research note on Tuesday, March 15th. DA Davidson initiated coverage on shares of Coupa Software in a research note on Thursday, May 19th. They issued a “neutral” rating and a $75.00 price objective for the company. Finally, Raymond James lifted their price objective on shares of Coupa Software from $75.00 to $90.00 in a research note on Tuesday, June 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Coupa Software presently has an average rating of “Hold” and a consensus price target of $101.89.

Institutional investors and hedge funds have recently bought and sold shares of the business. M&T Bank Corp boosted its holdings in Coupa Software by 5.3% during the 4th quarter. M&T Bank Corp now owns 3,094 shares of the technology company’s stock worth $489,000 after acquiring an additional 155 shares during the last quarter. Allen Investment Management LLC boosted its holdings in shares of Coupa Software by 33.7% in the 4th quarter. Allen Investment Management LLC now owns 12,351 shares of the technology company’s stock worth $1,952,000 after buying an additional 3,116 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Coupa Software by 23.0% in the 4th quarter. Teacher Retirement System of Texas now owns 14,309 shares of the technology company’s stock worth $2,262,000 after buying an additional 2,680 shares during the last quarter. KCL Capital L.P. purchased a new position in shares of Coupa Software in the 4th quarter worth about $32,400,000. Finally, Stony Point Capital LLC boosted its holdings in shares of Coupa Software by 22.4% in the 4th quarter. Stony Point Capital LLC now owns 74,415 shares of the technology company’s stock worth $11,761,000 after buying an additional 13,615 shares during the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

About Coupa Software (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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