Stephens Investment Management Group LLC Makes New $8.94 Million Investment in Coupa Software Inc (NASDAQ:COUP)

Stephens Investment Management Group LLC purchased a new position in shares of Coupa Software Inc (NASDAQ:COUP) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,959 shares of the technology company’s stock, valued at approximately $8,935,000. Stephens Investment Management Group LLC owned approximately 0.11% of Coupa Software at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COUP. Tuttle Tactical Management bought a new position in shares of Coupa Software in the third quarter valued at about $2,346,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Coupa Software by 4.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,579 shares of the technology company’s stock valued at $464,000 after purchasing an additional 164 shares during the period. Zeke Capital Advisors LLC bought a new position in shares of Coupa Software in the third quarter valued at about $439,000. Oakbrook Investments LLC bought a new position in shares of Coupa Software in the third quarter valued at about $207,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Coupa Software in the third quarter valued at about $489,000.

In other news, CEO Robert Bernshteyn sold 63,225 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $136.87, for a total value of $8,653,605.75. Following the sale, the chief executive officer now directly owns 204,704 shares in the company, valued at approximately $28,017,836.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Anthony D. Tiscornia sold 260 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $136.50, for a total transaction of $35,490.00. Following the completion of the sale, the insider now owns 260 shares in the company, valued at $35,490. The disclosure for this sale can be found here. Insiders have sold 308,054 shares of company stock worth $42,775,551 over the last quarter. Corporate insiders own 5.30% of the company’s stock.

Shares of Coupa Software stock opened at $126.03 on Monday. The company has a market capitalization of $8.60 billion, a price-to-earnings ratio of -188.10 and a beta of 1.58. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 1.25. Coupa Software Inc has a 12-month low of $52.01 and a 12-month high of $159.97. The firm’s 50-day moving average price is $141.16 and its two-hundred day moving average price is $125.09.

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

Several equities analysts have recently weighed in on COUP shares. Northland Securities set a $150.00 price objective on shares of Coupa Software and gave the company a “hold” rating in a research report on Wednesday, September 4th. Raymond James increased their price objective on shares of Coupa Software from $115.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, September 4th. Zacks Investment Research raised shares of Coupa Software from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a research report on Monday, September 9th. KeyCorp increased their price objective on shares of Coupa Software from $171.00 to $178.00 and gave the company an “overweight” rating in a research report on Wednesday, September 4th. Finally, Wedbush increased their price objective on shares of Coupa Software from $168.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, September 4th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $154.23.

Coupa Software Company Profile

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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