Swiss National Bank Increases Stock Position in Coupa Software Inc (NASDAQ:COUP)

Swiss National Bank lifted its holdings in Coupa Software Inc (NASDAQ:COUP) by 24.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 105,100 shares of the technology company’s stock after acquiring an additional 20,500 shares during the quarter. Swiss National Bank’s holdings in Coupa Software were worth $13,307,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Abner Herrman & Brock LLC bought a new position in shares of Coupa Software during the 2nd quarter worth approximately $253,000. FMR LLC raised its stake in shares of Coupa Software by 86.9% during the 1st quarter. FMR LLC now owns 3,467,506 shares of the technology company’s stock worth $315,474,000 after acquiring an additional 1,612,326 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Coupa Software by 420.9% during the 1st quarter. SG Americas Securities LLC now owns 42,037 shares of the technology company’s stock worth $3,825,000 after acquiring an additional 33,967 shares in the last quarter. Huntington National Bank raised its stake in shares of Coupa Software by 78.1% during the 2nd quarter. Huntington National Bank now owns 42,190 shares of the technology company’s stock worth $5,342,000 after acquiring an additional 18,500 shares in the last quarter. Finally, Destination Wealth Management bought a new position in shares of Coupa Software during the 2nd quarter worth approximately $44,000.

Several research firms recently commented on COUP. JPMorgan Chase & Co. boosted their price objective on shares of Coupa Software from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 4th. Oppenheimer upped their price target on shares of Coupa Software from $111.00 to $130.00 in a research note on Tuesday, June 18th. Loop Capital upped their price target on shares of Coupa Software to $125.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. SunTrust Banks upped their price target on shares of Coupa Software to $120.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, Raymond James upped their price target on shares of Coupa Software from $107.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, June 4th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $123.94.

In other news, CFO Todd R. Ford sold 112,500 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $118.50, for a total value of $13,331,250.00. Following the sale, the chief financial officer now owns 30,595 shares in the company, valued at $3,625,507.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert Bernshteyn sold 63,225 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $122.25, for a total transaction of $7,729,256.25. Following the completion of the sale, the chief executive officer now owns 217,632 shares in the company, valued at approximately $26,605,512. The disclosure for this sale can be found here. Insiders sold 397,726 shares of company stock worth $51,408,972 in the last quarter. Company insiders own 5.30% of the company’s stock.

Shares of Coupa Software stock opened at $140.18 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.07. Coupa Software Inc has a 12-month low of $52.01 and a 12-month high of $148.00. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of -209.22 and a beta of 1.61. The firm’s 50 day simple moving average is $139.08 and its two-hundred day simple moving average is $111.98.

Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, June 3rd. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.29. The business had revenue of $81.30 million for the quarter, compared to analyst estimates of $73.85 million. Coupa Software had a negative net margin of 21.22% and a negative return on equity of 14.29%. Coupa Software’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.01) EPS. On average, sell-side analysts predict that Coupa Software Inc will post -1.15 EPS for the current fiscal year.

About Coupa Software

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

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