Public Employees Retirement System of Ohio Has $6.87 Million Stake in Coupa Software Inc (NASDAQ:COUP)

Public Employees Retirement System of Ohio decreased its position in Coupa Software Inc (NASDAQ:COUP) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,792 shares of the technology company’s stock after selling 382 shares during the period. Public Employees Retirement System of Ohio’s holdings in Coupa Software were worth $6,868,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in COUP. Clearbridge Investments LLC acquired a new position in Coupa Software in the first quarter valued at $28,000. Lenox Wealth Advisors LLC acquired a new position in Coupa Software in the second quarter valued at $28,000. Maverick Capital Ltd. acquired a new position in Coupa Software in the first quarter valued at $50,000. Cullen Frost Bankers Inc. acquired a new position in Coupa Software in the second quarter valued at $55,000. Finally, Kore Private Wealth LLC acquired a new position in Coupa Software in the second quarter valued at $55,000.

COUP opened at $252.13 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.02. The stock has a market cap of $17.37 billion, a price-to-earnings ratio of -151.07 and a beta of 1.43. Coupa Software Inc has a twelve month low of $99.01 and a twelve month high of $353.55. The company’s 50-day moving average price is $295.55 and its two-hundred day moving average price is $226.73.

Coupa Software (NASDAQ:COUP) last released its earnings results on Tuesday, September 8th. The technology company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.13. The firm had revenue of $125.90 million for the quarter, compared to analysts’ expectations of $118.82 million. Coupa Software had a negative net margin of 23.63% and a negative return on equity of 8.24%. The company’s quarterly revenue was up 32.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 earnings per share. As a group, sell-side analysts anticipate that Coupa Software Inc will post -1.16 earnings per share for the current year.

Several equities analysts recently issued reports on the stock. Citigroup dropped their target price on shares of Coupa Software from $313.00 to $275.00 and set a “neutral” rating on the stock in a report on Monday. Zacks Investment Research raised shares of Coupa Software from a “sell” rating to a “hold” rating in a research note on Wednesday, September 9th. KeyCorp lifted their price target on shares of Coupa Software from $320.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Needham & Company LLC lifted their price target on shares of Coupa Software from $256.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Finally, Morgan Stanley lifted their price target on shares of Coupa Software from $249.00 to $272.00 and gave the company an “overweight” rating in a research note on Wednesday, September 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $245.92.

In related news, Director Leslie C.G. Campbell sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $259.24, for a total transaction of $518,480.00. Following the sale, the director now directly owns 41,584 shares in the company, valued at approximately $10,780,236.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anthony D. Tiscornia sold 1,449 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $260.60, for a total transaction of $377,609.40. Following the sale, the chief accounting officer now owns 1,028 shares in the company, valued at $267,896.80. The disclosure for this sale can be found here. Insiders have sold a total of 134,853 shares of company stock worth $39,299,753 over the last 90 days. 3.40% of the stock is currently owned by corporate insiders.

Coupa Software 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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