Sylebra HK Co Ltd grew its stake in shares of Coupa Software Inc (NASDAQ:COUP) by 79.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,166,792 shares of the technology company’s stock after acquiring an additional 962,418 shares during the period. Coupa Software accounts for approximately 5.9% of Sylebra HK Co Ltd’s portfolio, making the stock its 6th largest holding. Sylebra HK Co Ltd owned 4.04% of Coupa Software worth $67,496,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of COUP. Vanguard Group Inc. lifted its position in shares of Coupa Software by 260.3% during the second quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock worth $78,254,000 after acquiring an additional 1,950,862 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Coupa Software in the third quarter worth $24,428,000. Voya Investment Management LLC bought a new position in shares of Coupa Software in the second quarter worth $22,196,000. Janus Henderson Group PLC bought a new position in shares of Coupa Software in the second quarter worth $18,242,000. Finally, Federated Investors Inc. PA increased its holdings in shares of Coupa Software by 110.5% in the second quarter. Federated Investors Inc. PA now owns 1,073,100 shares of the technology company’s stock worth $31,098,000 after purchasing an additional 563,200 shares during the period. Hedge funds and other institutional investors own 74.67% of the company’s stock.
Coupa Software Inc (COUP) traded up $0.81 on Tuesday, reaching $32.03. The company had a trading volume of 604,700 shares, compared to its average volume of 455,787. Coupa Software Inc has a 1-year low of $22.50 and a 1-year high of $37.72. The company has a market capitalization of $1,760.00 and a PE ratio of -32.03.
Coupa Software (NASDAQ:COUP) last announced its quarterly earnings data on Monday, December 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.06. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The firm had revenue of $47.30 million for the quarter, compared to analysts’ expectations of $45.02 million. During the same period last year, the firm earned ($0.22) earnings per share. The company’s revenue for the quarter was up 33.6% compared to the same quarter last year. research analysts predict that Coupa Software Inc will post -0.94 EPS for the current fiscal year.
Several research analysts have recently weighed in on the stock. Oppenheimer assumed coverage on shares of Coupa Software in a report on Friday. They issued an “outperform” rating and a $41.00 price target on the stock. Zacks Investment Research raised shares of Coupa Software from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Thursday, December 7th. CIBC assumed coverage on shares of Coupa Software in a report on Friday, December 22nd. They issued an “outperform” rating and a $41.00 price target on the stock. ValuEngine raised Coupa Software from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Raymond James Financial reissued a “buy” rating and issued a $40.00 target price on shares of Coupa Software in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $36.53.
In other news, CFO Todd R. Ford sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $35.50, for a total transaction of $426,000.00. Following the transaction, the chief financial officer now directly owns 17,349 shares of the company’s stock, valued at $615,889.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Bernshteyn sold 63,225 shares of the stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $35.71, for a total transaction of $2,257,764.75. Following the sale, the chief executive officer now owns 239,671 shares of the company’s stock, valued at $8,558,651.41. The disclosure for this sale can be found here. Insiders have sold 372,377 shares of company stock worth $12,759,816 over the last ninety days. Insiders own 32.10% of the company’s stock.
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Coupa Software 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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