Coupa Software Inc (NASDAQ:COUP) Insider Mark Riggs Sells 929 Shares

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Coupa Software Inc (NASDAQ:COUP) insider Mark Riggs sold 929 shares of Coupa Software stock in a transaction on Monday, June 24th. The shares were sold at an average price of $127.11, for a total transaction of $118,085.19. Following the completion of the sale, the insider now owns 902 shares of the company’s stock, valued at approximately $114,653.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Friday, June 21st, Mark Riggs sold 626 shares of Coupa Software stock. The shares were sold at an average price of $125.70, for a total transaction of $78,688.20.
  • 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 shares were 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 company has a fifty day simple moving average of $114.40. Coupa Software Inc has a 12-month low of $52.01 and a 12-month high of $129.40. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.07 and a quick ratio of 1.07.

Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Monday, June 3rd. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.29. Coupa Software had a negative net margin of 21.22% and a negative return on equity of 14.29%. The business had revenue of $81.30 million during the quarter, compared to the consensus estimate of $73.85 million. During the same quarter last year, the firm posted ($0.01) EPS. Coupa Software’s revenue was up 44.1% compared to the same quarter last year. On average, sell-side analysts expect that Coupa Software Inc will post -1.19 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Trust Corp grew its position in Coupa Software by 2.8% in the 4th quarter. Northern Trust Corp now owns 688,164 shares of the technology company’s stock valued at $43,257,000 after purchasing an additional 18,518 shares during the period. Norges Bank acquired a new stake in Coupa Software in the 4th quarter valued at $19,200,000. AGF Investments Inc. acquired a new stake in Coupa Software in the 4th quarter valued at $3,143,000. Summit Partners Public Asset Management LLC grew its position in Coupa Software by 122.2% in the 4th quarter. Summit Partners Public Asset Management LLC now owns 200,000 shares of the technology company’s stock valued at $12,572,000 after purchasing an additional 110,000 shares during the period. Finally, BlackRock Inc. grew its position in Coupa Software by 20.9% in the 4th quarter. BlackRock Inc. now owns 4,206,903 shares of the technology company’s stock valued at $264,447,000 after purchasing an additional 726,412 shares during the period. 99.14% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Coupa Software from a “sell” rating to a “hold” rating in a research note on Thursday, June 20th. Oppenheimer lifted their price objective on shares of Coupa Software from $111.00 to $130.00 in a research note on Tuesday, June 18th. Northland Securities reiterated a “hold” rating and issued a $85.00 price objective on shares of Coupa Software in a research note on Tuesday, June 4th. Barclays lifted their price objective on shares of Coupa Software from $95.00 to $101.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 4th. They noted that the move was a valuation call. Finally, KeyCorp lifted their price objective on shares of Coupa Software from $123.00 to $127.00 and gave the company an “overweight” rating in a research note on Tuesday, June 4th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price 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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