Coupa Software Incorporated (NASDAQ:COUP) Shares Acquired by Oak Ridge Investments LLC

Oak Ridge Investments LLC increased its holdings in Coupa Software Incorporated (NASDAQ:COUP) by 9.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,983 shares of the technology company’s stock after acquiring an additional 269 shares during the quarter. Oak Ridge Investments LLC’s holdings in Coupa Software were worth $759,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in COUP. Artisan Partners Limited Partnership acquired a new position in shares of Coupa Software in the 4th quarter valued at $423,560,000. Norges Bank acquired a new position in shares of Coupa Software in the 4th quarter valued at $230,243,000. Tiger Global Management LLC acquired a new position in shares of Coupa Software in the 4th quarter valued at $225,375,000. Anglepoint Asset Management LTD. acquired a new position in shares of Coupa Software in the 4th quarter valued at $72,383,000. Finally, Himension Fund purchased a new position in Coupa Software in the 4th quarter valued at $53,912,000.

In other news, CAO Anthony D. Tiscornia sold 1,450 shares of the company’s stock in a transaction dated Monday, March 22nd. The shares were sold at an average price of $256.41, for a total transaction of $371,794.50. Following the completion of the transaction, the chief accounting officer now owns 1,039 shares of the company’s stock, valued at approximately $266,409.99. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert Bernshteyn sold 50,000 shares of the company’s stock in a transaction dated Monday, May 17th. The shares were sold at an average price of $224.25, for a total transaction of $11,212,500.00. Following the transaction, the chief executive officer now directly owns 263,043 shares of the company’s stock, valued at approximately $58,987,392.75. The disclosure for this sale can be found here. Insiders sold a total of 176,520 shares of company stock valued at $43,984,671 in the last three months. 2.60% of the stock is currently owned by corporate insiders.

Coupa Software stock opened at $223.47 on Friday. Coupa Software Incorporated has a 52 week low of $214.14 and a 52 week high of $377.04. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.86. The stock has a 50-day simple moving average of $247.62. The stock has a market cap of $16.40 billion, a price-to-earnings ratio of -85.95 and a beta of 1.45.

Coupa Software (NASDAQ:COUP) last released its quarterly earnings data on Sunday, June 6th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of ($1.01) by $1.08. Coupa Software had a negative net margin of 45.08% and a negative return on equity of 22.19%. As a group, research analysts forecast that Coupa Software Incorporated will post -3.71 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on COUP shares. Raymond James lowered their price objective on shares of Coupa Software from $365.00 to $300.00 and set an “outperform” rating on the stock in a research report on Tuesday. Canaccord Genuity lowered their price objective on shares of Coupa Software from $375.00 to $325.00 and set a “buy” rating on the stock in a research report on Tuesday. Truist lowered their price objective on shares of Coupa Software from $386.00 to $326.00 and set a “buy” rating on the stock in a research report on Tuesday. They noted that the move was a valuation call. Mizuho lowered their price objective on shares of Coupa Software from $320.00 to $250.00 and set a “neutral” rating on the stock in a research report on Tuesday. They noted that the move was a valuation call. Finally, BTIG Research reiterated a “hold” rating on shares of Coupa Software in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $305.21.

Coupa Software Profile

Coupa Software Incorporated provides cloud-based business spend management platform. Its platform connects organizations with suppliers globally; and provides visibility into and control over how companies spend money, optimize supply chains, and manage liquidity, as well as enables businesses to achieve savings that drive profitability.

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Institutional Ownership by Quarter for Coupa Software (NASDAQ:COUP)

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