Robeco Institutional Asset Management B.V. increased its stake in Coupa Software Inc (NASDAQ:COUP) by 174.5% during the first quarter, HoldingsChannel.com reports. The firm owned 21,276 shares of the technology company’s stock after purchasing an additional 13,524 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Coupa Software were worth $1,937,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Coupa Software by 4.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,814 shares of the technology company’s stock worth $256,000 after purchasing an additional 121 shares during the period. Captrust Financial Advisors raised its holdings in Coupa Software by 58.1% in the 4th quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock worth $28,000 after purchasing an additional 161 shares during the period. Caxton Associates LP raised its holdings in Coupa Software by 8.3% in the 4th quarter. Caxton Associates LP now owns 3,988 shares of the technology company’s stock worth $251,000 after purchasing an additional 307 shares during the period. Karp Capital Management Corp bought a new position in Coupa Software in the 4th quarter worth $31,000. Finally, PRW Wealth Management LLC bought a new position in Coupa Software in the 4th quarter worth $34,000. 95.69% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on the company. Bank of America assumed coverage on Coupa Software in a report on Monday, May 13th. They issued a “buy” rating and a $120.00 target price on the stock. KeyCorp assumed coverage on Coupa Software in a report on Tuesday, April 30th. They issued an “overweight” rating and a $123.00 target price on the stock. Zacks Investment Research cut Coupa Software from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Goldman Sachs Group began coverage on Coupa Software in a report on Friday, February 1st. They issued a “buy” rating and a $96.00 target price on the stock. Finally, Needham & Company LLC reissued a “buy” rating and set a $108.00 price target (up from $83.00) on shares of Coupa Software in a report on Tuesday, March 12th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Coupa Software has a consensus rating of “Buy” and a consensus price target of $96.80.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Monday, March 11th. The technology company reported ($0.18) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.08. The business had revenue of $74.91 million for the quarter, compared to analysts’ expectations of $68.07 million. Coupa Software had a negative return on equity of 14.28% and a negative net margin of 21.33%. On average, equities research analysts predict that Coupa Software Inc will post -0.78 EPS for the current year.
In other news, CEO Robert Bernshteyn sold 63,225 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $95.11, for a total transaction of $6,013,329.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anthony D. Tiscornia sold 901 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $96.19, for a total value of $86,667.19. Following the transaction, the chief accounting officer now owns 828 shares of the company’s stock, valued at approximately $79,645.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 403,280 shares of company stock valued at $39,071,398. Company insiders own 5.30% of the company’s stock.
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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