Stevens Capital Management LP bought a new position in shares of Coupa Software Inc (NASDAQ:COUP) in the third quarter, HoldingsChannel reports. The firm bought 16,613 shares of the technology company’s stock, valued at approximately $1,314,000.
Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Coupa Software in the 2nd quarter valued at $153,000. GAM Holding AG acquired a new position in shares of Coupa Software in the 2nd quarter valued at $204,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Coupa Software in the 2nd quarter valued at $211,000. D.A. Davidson & CO. acquired a new position in shares of Coupa Software in the 3rd quarter valued at $220,000. Finally, Great West Life Assurance Co. Can increased its position in shares of Coupa Software by 50.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 4,064 shares of the technology company’s stock valued at $253,000 after acquiring an additional 1,364 shares during the period. Institutional investors own 96.79% of the company’s stock.
Several equities analysts recently issued reports on COUP shares. Morgan Stanley upped their target price on Coupa Software from $57.00 to $62.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 4th. Northland Securities downgraded Coupa Software from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 11th. Oppenheimer increased their price target on Coupa Software from $62.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 29th. Cantor Fitzgerald increased their price target on Coupa Software from $67.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 5th. Finally, Zacks Investment Research raised Coupa Software from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Friday, September 7th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $65.41.
NASDAQ:COUP opened at $61.00 on Thursday. Coupa Software Inc has a 52 week low of $30.65 and a 52 week high of $84.53. The stock has a market cap of $3.54 billion, a PE ratio of -80.26 and a beta of 1.76.
Coupa Software (NASDAQ:COUP) last posted its earnings results on Monday, December 3rd. The technology company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.11. Coupa Software had a negative return on equity of 14.93% and a negative net margin of 19.93%. The firm had revenue of $67.46 million for the quarter, compared to analysts’ expectations of $62.59 million. During the same period last year, the firm earned ($0.05) EPS. The company’s quarterly revenue was up 42.5% on a year-over-year basis. Analysts predict that Coupa Software Inc will post -0.98 earnings per share for the current fiscal year.
WARNING: “Stevens Capital Management LP Acquires New Position in Coupa Software Inc (COUP)” was first published by Dakota Financial News and is the property of of Dakota Financial News. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://dakotafinancialnews.com/2018/12/06/stevens-capital-management-lp-acquires-new-position-in-coupa-software-inc-coup.html.
Coupa Software Profile
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; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.
Recommended Story: What is a stock split?
Want to see what other hedge funds are holding COUP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coupa Software Inc (NASDAQ:COUP).
Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.