Gilder Gagnon Howe & Co. LLC increased its stake in shares of Coupa Software Inc (NASDAQ:COUP) by 181.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 421,780 shares of the technology company’s stock after buying an additional 271,723 shares during the period. Gilder Gagnon Howe & Co. LLC owned about 0.63% of Coupa Software worth $116,850,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of COUP. Discovery Value Fund purchased a new stake in Coupa Software during the second quarter worth about $470,147,000. Morgan Stanley increased its holdings in Coupa Software by 9.4% during the first quarter. Morgan Stanley now owns 8,338,809 shares of the technology company’s stock worth $1,165,182,000 after buying an additional 714,802 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in Coupa Software during the first quarter worth about $89,629,000. Alliancebernstein L.P. increased its holdings in Coupa Software by 638.2% during the first quarter. Alliancebernstein L.P. now owns 529,387 shares of the technology company’s stock worth $73,971,000 after buying an additional 457,677 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in Coupa Software by 7.2% during the second quarter. Jennison Associates LLC now owns 4,858,591 shares of the technology company’s stock worth $1,346,024,000 after buying an additional 327,527 shares during the last quarter.
Coupa Software stock traded down $22.42 during mid-day trading on Friday, hitting $285.81. 2,202,330 shares of the company traded hands, compared to its average volume of 1,002,916. The stock has a fifty day moving average price of $303.69 and a 200-day moving average price of $221.29. The stock has a market cap of $19.17 billion, a price-to-earnings ratio of -211.71 and a beta of 1.43. Coupa Software Inc has a one year low of $99.01 and a one year high of $353.55. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.03 and a current ratio of 2.03.
Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, June 8th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.13. The company had revenue of $119.21 million during the quarter, compared to analyst estimates of $111.84 million. Coupa Software had a negative net margin of 19.92% and a negative return on equity of 8.12%. The firm’s quarterly revenue was up 46.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 EPS. Sell-side analysts predict that Coupa Software Inc will post -0.91 EPS for the current year.
In other Coupa Software news, insider Mark Riggs sold 931 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $305.85, for a total transaction of $284,746.35. Following the completion of the sale, the insider now directly owns 645 shares of the company’s stock, valued at approximately $197,273.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Veenendaal Frank Van sold 5,897 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $221.67, for a total transaction of $1,307,187.99. Insiders sold a total of 188,750 shares of company stock valued at $52,690,461 over the last three months. 3.40% of the stock is currently owned by insiders.
Several research firms have recently weighed in on COUP. Cantor Fitzgerald reiterated an “overweight” rating on shares of Coupa Software in a research note on Monday, June 8th. Raymond James lifted their target price on shares of Coupa Software from $135.00 to $235.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 9th. Morgan Stanley lifted their target price on shares of Coupa Software from $229.00 to $249.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 9th. Wedbush downgraded shares of Coupa Software from an “outperform” rating to a “neutral” rating and set a $198.00 target price for the company. in a research note on Thursday, May 28th. Finally, Bank of America lifted their target price on shares of Coupa Software from $285.00 to $360.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company. Coupa Software has an average rating of “Buy” and a consensus price target of $216.30.
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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