Coupa Software Incorporated (NASDAQ:COUP) EVP Robert Glenn Sells 2,174 Shares

Coupa Software Incorporated (NASDAQ:COUPGet Rating) EVP Robert Glenn sold 2,174 shares of the business’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $66.20, for a total transaction of $143,918.80. Following the completion of the sale, the executive vice president now directly owns 11,675 shares in the company, valued at approximately $772,885. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Robert Glenn also recently made the following trade(s):

  • On Friday, July 1st, Robert Glenn sold 290 shares of Coupa Software stock. The stock was sold at an average price of $58.08, for a total transaction of $16,843.20.

Coupa Software Stock Performance

NASDAQ:COUP opened at $62.18 on Friday. The company has a 50 day simple moving average of $66.67 and a two-hundred day simple moving average of $75.11. The company has a debt-to-equity ratio of 6.81, a current ratio of 1.82 and a quick ratio of 1.82. Coupa Software Incorporated has a fifty-two week low of $50.54 and a fifty-two week high of $259.90.

Coupa Software (NASDAQ:COUPGet Rating) last released its earnings results on Tuesday, September 6th. The technology company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.11. The business had revenue of $211.10 million during 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 company’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 firm posted ($0.35) EPS. On average, analysts forecast that Coupa Software Incorporated will post -2.27 earnings per share for the current year.

Institutional Trading of Coupa Software

Several large investors have recently modified their holdings of COUP. Dimensional Fund Advisors LP grew its position in shares of Coupa Software by 9.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 100,795 shares of the technology company’s stock worth $15,933,000 after buying an additional 8,412 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Coupa Software by 4.2% in the 4th quarter. Principal Financial Group Inc. now owns 9,712 shares of the technology company’s stock worth $1,535,000 after purchasing an additional 394 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Coupa Software in the 4th quarter worth $47,000. Rhumbline Advisers lifted its holdings in shares of Coupa Software by 2.3% in the 4th quarter. Rhumbline Advisers now owns 69,338 shares of the technology company’s stock worth $10,959,000 after purchasing an additional 1,529 shares in the last quarter. Finally, abrdn plc lifted its holdings in shares of Coupa Software by 21.2% in the 4th quarter. abrdn plc now owns 9,277 shares of the technology company’s stock worth $1,467,000 after purchasing an additional 1,622 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on COUP. DA Davidson lowered their target price on shares of Coupa Software from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, September 7th. Raymond James decreased their price objective on shares of Coupa Software from $90.00 to $75.00 in a report on Wednesday, September 7th. Citigroup upped their price objective on shares of Coupa Software from $77.00 to $82.00 in a report on Wednesday, September 7th. Piper Sandler upped their price objective on shares of Coupa Software from $65.00 to $67.00 and gave the company a “neutral” rating in a report on Wednesday, September 7th. Finally, UBS Group decreased their price objective on shares of Coupa Software from $84.00 to $76.00 and set a “neutral” rating on the stock in a report on Monday, August 22nd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $91.95.

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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