Nomura Asset Management Co. Ltd. bought a new position in shares of Coupa Software Inc (NASDAQ:COUP) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 141,600 shares of the technology company’s stock, valued at approximately $19,786,000. Nomura Asset Management Co. Ltd. owned approximately 0.21% of Coupa Software as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in COUP. Cambridge Investment Research Advisors Inc. increased its position in shares of Coupa Software by 42.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 2,790 shares of the technology company’s stock worth $408,000 after purchasing an additional 833 shares in the last quarter. US Bancorp DE boosted its stake in shares of Coupa Software by 15.5% in the 4th quarter. US Bancorp DE now owns 4,505 shares of the technology company’s stock valued at $658,000 after purchasing an additional 605 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Coupa Software in the 4th quarter valued at about $1,676,000. Rhumbline Advisers boosted its stake in shares of Coupa Software by 2.8% in the 4th quarter. Rhumbline Advisers now owns 62,343 shares of the technology company’s stock valued at $9,118,000 after purchasing an additional 1,693 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in shares of Coupa Software by 1,103.4% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 99,956 shares of the technology company’s stock valued at $14,619,000 after purchasing an additional 91,650 shares during the last quarter.
Several research analysts recently weighed in on the stock. Oppenheimer assumed coverage on shares of Coupa Software in a research note on Tuesday. They set a “buy” rating and a $250.00 price objective on the stock. Goldman Sachs Group lifted their price target on shares of Coupa Software from $166.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday. ValuEngine lowered shares of Coupa Software from a “buy” rating to a “hold” rating in a research note on Friday, May 1st. Zacks Investment Research raised shares of Coupa Software from a “hold” rating to a “buy” rating and set a $157.00 price target on the stock in a research note on Wednesday, March 25th. Finally, Wells Fargo & Co lifted their price objective on shares of Coupa Software from $120.00 to $200.00 and gave the company an “equal weight” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company’s stock. Coupa Software presently has a consensus rating of “Buy” and a consensus price target of $181.67.
In other news, CRO Steven M. Winter sold 1,784 shares of Coupa Software stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $124.41, for a total transaction of $221,947.44. Following the completion of the sale, the executive now owns 14,434 shares in the company, valued at approximately $1,795,733.94. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Veenendaal Frank Van sold 1,299 shares of Coupa Software stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $115.00, for a total value of $149,385.00. Following the sale, the director now owns 72,592 shares of the company’s stock, valued at approximately $8,348,080. The disclosure for this sale can be found here. In the last 90 days, insiders sold 188,721 shares of company stock valued at $32,934,997. 3.40% of the stock is owned by corporate insiders.
Shares of Coupa Software stock traded down $4.17 during trading hours on Thursday, hitting $219.57. 109,111 shares of the company’s stock traded hands, compared to its average volume of 1,779,465. Coupa Software Inc has a 12-month low of $99.01 and a 12-month high of $238.19. The stock has a market capitalization of $14.97 billion, a price-to-earnings ratio of -153.25 and a beta of 1.48. The company has a fifty day simple moving average of $200.71 and a 200-day simple moving average of $163.91. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.82 and a quick ratio of 1.82.
Coupa Software (NASDAQ:COUP) last announced its quarterly earnings data on Monday, June 8th. The technology company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.13. Coupa Software had a negative return on equity of 10.01% and a negative net margin of 23.31%. The company had revenue of $119.21 million during the quarter, compared to analyst estimates of $111.84 million. During the same quarter last year, the firm posted $0.03 EPS. The firm’s revenue for the quarter was up 46.6% on a year-over-year basis. On average, analysts forecast that Coupa Software Inc will post -0.95 EPS for the current fiscal year.
Coupa Software Company 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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