Coupa Software Inc (NASDAQ:COUP) Shares Sold by Abner Herrman & Brock LLC

Abner Herrman & Brock LLC lowered its position in Coupa Software Inc (NASDAQ:COUP) by 10.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,800 shares of the technology company’s stock after selling 200 shares during the quarter. Abner Herrman & Brock LLC’s holdings in Coupa Software were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its stake in shares of Coupa Software by 39.7% during the second quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock worth $51,000 after purchasing an additional 115 shares in the last quarter. Neuburgh Advisers LLC lifted its stake in shares of Coupa Software by 100.0% during the second quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock worth $45,000 after purchasing an additional 176 shares in the last quarter. Advantage Investment Management LLC acquired a new position in shares of Coupa Software during the second quarter worth about $25,000. Glen Harbor Capital Management LLC lifted its stake in shares of Coupa Software by 100.0% during the second quarter. Glen Harbor Capital Management LLC now owns 484 shares of the technology company’s stock worth $61,000 after purchasing an additional 242 shares in the last quarter. Finally, First Hawaiian Bank lifted its stake in shares of Coupa Software by 8.9% during the second quarter. First Hawaiian Bank now owns 3,320 shares of the technology company’s stock worth $420,000 after purchasing an additional 270 shares in the last quarter.

COUP has been the topic of a number of recent research reports. Mizuho began coverage on Coupa Software in a research note on Thursday. They set a “neutral” rating on the stock. ValuEngine lowered Coupa Software from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. set a $90.00 target price on Coupa Software and gave the stock a “hold” rating in a research report on Friday, August 30th. Cantor Fitzgerald set a $166.00 target price on Coupa Software and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Raymond James lifted their target price on Coupa Software from $115.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $154.90.



In other news, insider Anthony D. Tiscornia sold 260 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $136.50, for a total transaction of $35,490.00. Following the completion of the transaction, the insider now directly owns 260 shares of the company’s stock, valued at $35,490. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anthony D. Tiscornia sold 1,224 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $142.54, for a total value of $174,468.96. Following the transaction, the chief accounting officer now directly owns 828 shares of the company’s stock, valued at $118,023.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 296,718 shares of company stock valued at $41,491,036. 5.30% of the stock is owned by corporate insiders.

Coupa Software stock traded up $3.46 during midday trading on Friday, hitting $157.10. The stock had a trading volume of 73,089 shares, compared to its average volume of 2,332,593. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 1.25. The stock has a market cap of $8.97 billion, a P/E ratio of -234.16 and a beta of 1.58. Coupa Software Inc has a 12 month low of $52.01 and a 12 month high of $156.16. The business has a fifty day moving average price of $139.96 and a 200 day moving average price of $122.76.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings data on Tuesday, September 3rd. The technology company reported ($0.25) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.44) by $0.19. The firm had revenue of $95.00 million during the quarter, compared to analyst estimates of $85.38 million. Coupa Software had a negative return on equity of 13.73% and a negative net margin of 20.91%. Coupa Software’s quarterly revenue was up 54.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 earnings per share. On average, equities analysts anticipate that Coupa Software Inc will post -1.02 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.

Featured Article: Bid-Ask Spread

Institutional Ownership by Quarter for Coupa Software (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.