Federated Investors Inc. PA boosted its position in Coupa Software Inc (NASDAQ:COUP) by 1.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 975,639 shares of the technology company’s stock after purchasing an additional 10,553 shares during the quarter. Federated Investors Inc. PA owned about 1.59% of Coupa Software worth $88,764,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Coupa Software by 4.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,814 shares of the technology company’s stock valued at $256,000 after purchasing an additional 121 shares during the last quarter. Captrust Financial Advisors grew its holdings in Coupa Software by 58.1% in the 4th quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock valued at $28,000 after buying an additional 161 shares during the period. Caxton Associates LP grew its holdings in Coupa Software by 8.3% in the 4th quarter. Caxton Associates LP now owns 3,988 shares of the technology company’s stock valued at $251,000 after buying an additional 307 shares during the period. Karp Capital Management Corp purchased a new stake in Coupa Software in the 4th quarter valued at about $31,000. Finally, PRW Wealth Management LLC purchased a new stake in Coupa Software in the 4th quarter valued at about $34,000. 99.14% of the stock is owned by hedge funds and other institutional investors.
In related news, CAO Anthony D. Tiscornia sold 1,138 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $95.90, for a total transaction of $109,134.20. Following the completion of the transaction, the chief accounting officer now owns 1,138 shares of the company’s stock, valued at $109,134.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Riggs sold 929 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $127.11, for a total value of $118,085.19. Following the transaction, the insider now directly owns 902 shares of the company’s stock, valued at approximately $114,653.22. The disclosure for this sale can be found here. In the last three months, insiders sold 409,119 shares of company stock valued at $45,141,688. Company insiders own 5.30% of the company’s stock.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Coupa Software from a “sell” rating to a “hold” rating in a report on Thursday, June 20th. Oppenheimer boosted their target price on Coupa Software from $111.00 to $130.00 in a report on Tuesday, June 18th. Bank of America upped their price target on Coupa Software from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday. KeyCorp restated a “buy” rating and issued a $136.00 price target on shares of Coupa Software in a report on Wednesday. Finally, Loop Capital upped their price target on Coupa Software to $125.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Coupa Software currently has an average rating of “Buy” and an average target price of $108.38.
COUP stock opened at $118.94 on Thursday. 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 quick ratio of 1.07 and a current ratio of 1.07. The firm’s 50 day moving average price is $114.40. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of -177.52 and a beta of 1.60.
Coupa Software (NASDAQ:COUP) last issued its earnings results on Monday, June 3rd. The technology company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.29. Coupa Software had a negative return on equity of 14.29% and a negative net margin of 21.22%. The firm had revenue of $81.30 million for the quarter, compared to analyst estimates of $73.85 million. During the same period last year, the company earned ($0.01) earnings per share. The firm’s revenue for the quarter was up 44.1% on a year-over-year basis. On average, equities research analysts forecast that Coupa Software Inc will post -1.19 earnings per share for the current fiscal year.
Coupa Software Profile
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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