Coupa Software Inc (COUP) Sees Significant Increase in Short Interest

Coupa Software Inc (NASDAQ:COUP) saw a significant growth in short interest in the month of December. As of December 29th, there was short interest totalling 1,829,368 shares, a growth of 34.2% from the December 15th total of 1,363,591 shares. Based on an average daily trading volume, of 381,281 shares, the short-interest ratio is currently 4.8 days. Approximately 5.3% of the shares of the stock are short sold.

Several research firms recently issued reports on COUP. ValuEngine raised Coupa Software from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Barclays reaffirmed a “hold” rating and set a $38.00 price target (up previously from $34.00) on shares of Coupa Software in a research note on Monday, November 27th. Northland Securities set a $41.00 price target on Coupa Software and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research raised Coupa Software from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $38.00 price target on shares of Coupa Software in a research note on Monday, December 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $36.87.

Shares of Coupa Software (COUP) opened at $37.59 on Friday. Coupa Software has a 52 week low of $22.50 and a 52 week high of $37.75. The firm has a market capitalization of $2,070.00 and a PE ratio of -37.59.

Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The company had revenue of $47.30 million during the quarter, compared to analyst estimates of $45.02 million. During the same quarter in the previous year, the company posted ($0.22) EPS. Coupa Software’s revenue for the quarter was up 33.6% on a year-over-year basis. equities analysts anticipate that Coupa Software will post -0.94 earnings per share for the current year.

In related news, insider Ravi Thakur sold 11,240 shares of Coupa Software stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $34.99, for a total transaction of $393,287.60. Following the completion of the sale, the insider now owns 24,676 shares of the company’s stock, valued at $863,413.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert Bernshteyn sold 63,225 shares of Coupa Software stock in a transaction on Monday, November 20th. The shares were sold at an average price of $33.95, for a total value of $2,146,488.75. Following the sale, the chief executive officer now directly owns 162,092 shares of the company’s stock, valued at approximately $5,503,023.40. The disclosure for this sale can be found here. Insiders have sold 358,346 shares of company stock valued at $12,175,925 in the last three months. 32.10% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its stake in shares of Coupa Software by 2,294.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock valued at $106,000 after acquiring an additional 3,511 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Coupa Software in the 2nd quarter valued at about $142,000. Trexquant Investment LP bought a new stake in shares of Coupa Software in the 3rd quarter valued at about $274,000. Symmetry Peak Management LLC bought a new stake in shares of Coupa Software in the 2nd quarter valued at about $290,000. Finally, Legal & General Group Plc lifted its stake in shares of Coupa Software by 436.1% in the 2nd quarter. Legal & General Group Plc now owns 10,792 shares of the technology company’s stock valued at $312,000 after acquiring an additional 8,779 shares during the last quarter. 74.67% of the stock is owned by institutional investors.

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About Coupa Software

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.

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