Strs Ohio Buys New Stake in Coupa Software Inc (NASDAQ:COUP)

Strs Ohio purchased a new position in Coupa Software Inc (NASDAQ:COUP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,700 shares of the technology company’s stock, valued at approximately $833,000.

Several other institutional investors have also recently made changes to their positions in COUP. Verition Fund Management LLC acquired a new position in shares of Coupa Software during the 2nd quarter valued at about $384,000. Vanguard Group Inc. lifted its position in shares of Coupa Software by 260.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock worth $78,254,000 after buying an additional 1,950,862 shares during the period. AlpInvest Partners B.V. bought a new position in shares of Coupa Software during the 3rd quarter worth approximately $10,236,000. Crestline Management LP bought a new position in shares of Coupa Software during the 3rd quarter worth approximately $909,000. Finally, First Trust Advisors LP bought a new position in shares of Coupa Software during the 3rd quarter worth approximately $1,280,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

Coupa Software Inc (COUP) traded up $1.26 during mid-day trading on Thursday, hitting $40.75. 1,056,700 shares of the stock were exchanged, compared to its average volume of 673,776. The company has a market cap of $2,270.00 and a PE ratio of -41.26. Coupa Software Inc has a one year low of $22.50 and a one year high of $41.56.

Coupa Software (NASDAQ:COUP) last released its quarterly earnings data on Monday, December 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.06. The company had revenue of $47.30 million for the quarter, compared to analysts’ expectations of $45.02 million. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.40%. The business’s revenue was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.22) EPS. research analysts anticipate that Coupa Software Inc will post -0.94 earnings per share for the current fiscal year.

In other news, CRO Steven M. Winter sold 11,336 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $38.70, for a total transaction of $438,703.20. Following the completion of the sale, the executive now owns 12,480 shares of the company’s stock, valued at $482,976. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Todd R. Ford sold 12,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $34.03, for a total transaction of $408,360.00. Following the sale, the chief financial officer now directly owns 17,349 shares of the company’s stock, valued at approximately $590,386.47. The disclosure for this sale can be found here. Insiders have sold 358,347 shares of company stock valued at $12,289,093 in the last ninety days. Insiders own 32.10% of the company’s stock.

COUP has been the subject of a number of recent analyst reports. ValuEngine raised Coupa Software from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Zacks Investment Research raised Coupa Software from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Royal Bank of Canada reaffirmed a “buy” rating and set a $41.00 price objective on shares of Coupa Software in a research note on Wednesday, November 15th. Barclays reaffirmed a “hold” rating and set a $38.00 price objective (up from $34.00) on shares of Coupa Software in a research note on Monday, November 27th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $36.00 target price on shares of Coupa Software in a research report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $39.24.

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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.

Institutional Ownership by Quarter for Coupa Software (NASDAQ:COUP)

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