Strs Ohio acquired a new stake in Coupa Software Inc (NASDAQ:COUP) during the fourth quarter, HoldingsChannel reports. The fund acquired 26,700 shares of the technology company’s stock, valued at approximately $833,000.
Other large investors have also recently bought and sold shares of the company. American International Group Inc. boosted its stake in Coupa Software by 8.1% during the third quarter. American International Group Inc. now owns 19,989 shares of the technology company’s stock worth $623,000 after acquiring an additional 1,494 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Coupa Software by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 113,344 shares of the technology company’s stock worth $3,531,000 after acquiring an additional 2,782 shares in the last quarter. Quantbot Technologies LP boosted its stake in Coupa Software by 31.3% during the third quarter. Quantbot Technologies LP now owns 28,615 shares of the technology company’s stock worth $891,000 after acquiring an additional 6,819 shares in the last quarter. Personal Capital Advisors Corp bought a new position in Coupa Software during the fourth quarter worth $261,000. Finally, Trexquant Investment LP bought a new position in Coupa Software during the third quarter worth $274,000. 75.09% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on COUP. Zacks Investment Research raised shares of Coupa Software from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Thursday. SunTrust Banks began coverage on shares of Coupa Software in a research note on Wednesday, January 31st. They set a “buy” rating and a $45.00 target price on the stock. Morgan Stanley increased their target price on shares of Coupa Software from $35.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. They noted that the move was a valuation call. Northland Securities set a $41.00 price objective on shares of Coupa Software and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, ValuEngine upgraded shares of Coupa Software from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Coupa Software currently has a consensus rating of “Buy” and a consensus price target of $38.52.
Coupa Software (NASDAQ:COUP) last announced its earnings results on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.06. The company had revenue of $47.30 million during the quarter, compared to the consensus estimate of $45.02 million. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.40%. The firm’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.22) earnings per share. analysts forecast that Coupa Software Inc will post -0.94 earnings per share for the current fiscal year.
In other news, insider Anthony D. Tiscornia sold 781 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $33.18, for a total value of $25,913.58. Following the completion of the sale, the insider now owns 521 shares in the company, valued at $17,286.78. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Steven M. Winter sold 11,336 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $33.14, for a total transaction of $375,675.04. Following the completion of the sale, the executive now owns 12,480 shares of the company’s stock, valued at approximately $413,587.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 358,346 shares of company stock valued at $12,221,222. 32.10% of the stock is currently owned by corporate insiders.
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Coupa Software Company Profile
Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.
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