Schwab Charles Investment Management Inc. increased its holdings in Coupa (NASDAQ:COUP) by 23.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,347 shares of the technology company’s stock after buying an additional 26,575 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.25% of Coupa worth $4,320,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of COUP. Northern Trust Corp boosted its holdings in shares of Coupa by 83.7% in the second quarter. Northern Trust Corp now owns 162,030 shares of the technology company’s stock worth $4,695,000 after buying an additional 73,839 shares during the last quarter. State Street Corp boosted its holdings in shares of Coupa by 299.8% in the second quarter. State Street Corp now owns 520,042 shares of the technology company’s stock worth $15,070,000 after buying an additional 389,965 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Coupa by 211.3% in the second quarter. The Manufacturers Life Insurance Company now owns 23,904 shares of the technology company’s stock worth $693,000 after buying an additional 16,226 shares during the last quarter. California State Teachers Retirement System raised its stake in Coupa by 205.2% during the 2nd quarter. California State Teachers Retirement System now owns 52,800 shares of the technology company’s stock worth $1,530,000 after acquiring an additional 35,500 shares during the period. Finally, First Trust Advisors LP bought a new stake in Coupa during the 3rd quarter worth approximately $1,280,000. 88.39% of the stock is currently owned by institutional investors.
In related news, insider Anthony D. Tiscornia sold 1,293 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $33.91, for a total value of $43,845.63. Following the sale, the insider now owns 1,033 shares in the company, valued at $35,029.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Todd R. Ford sold 112,500 shares of the business’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $46.21, for a total transaction of $5,198,625.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 401,919 shares of company stock worth $17,118,797. Company insiders own 32.10% of the company’s stock.
A number of equities research analysts have commented on the stock. CIBC assumed coverage on shares of Coupa in a research note on Friday, December 22nd. They set an “outperform” rating and a $41.00 target price on the stock. Zacks Investment Research cut shares of Coupa from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Loop Capital raised their target price on shares of Coupa to $48.00 and gave the stock a “hold” rating in a research note on Wednesday, March 14th. JMP Securities cut shares of Coupa from an “outperform” rating to a “market perform” rating and set a $31.00 target price on the stock. in a research note on Tuesday, March 13th. Finally, Northland Securities set a $41.00 target price on shares of Coupa and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $46.13.
Shares of Coupa stock traded down $1.30 on Friday, hitting $45.48. 631,892 shares of the company traded hands, compared to its average volume of 811,093. The stock has a market cap of $2,574.94, a P/E ratio of -59.84 and a beta of 1.13. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.18 and a quick ratio of 3.18. Coupa has a 52 week low of $24.25 and a 52 week high of $50.69.
Coupa (NASDAQ:COUP) last released its quarterly earnings data on Monday, March 12th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.17. The firm had revenue of $53.80 million for the quarter, compared to analysts’ expectations of $48.64 million. Coupa had a negative net margin of 23.45% and a negative return on equity of 19.30%. The company’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) earnings per share. equities analysts expect that Coupa will post -1.16 EPS for the current year.
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Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend under management; and offers supporting modules, including sourcing, analytics, contract management, supplier management, inventory management, and storefront that help companies further manage their spend.
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