Coupa Software Inc (NASDAQ:COUP) is Crosslink Capital Inc.’s Largest Position

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Crosslink Capital Inc. lowered its stake in shares of Coupa Software Inc (NASDAQ:COUP) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 518,192 shares of the technology company’s stock after selling 1,272 shares during the period. Coupa Software comprises 14.9% of Crosslink Capital Inc.’s investment portfolio, making the stock its biggest position. Crosslink Capital Inc. owned about 0.84% of Coupa Software worth $65,608,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in Coupa Software by 39.7% during the second quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock valued at $51,000 after buying an additional 115 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Coupa Software by 4.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,814 shares of the technology company’s stock valued at $256,000 after buying an additional 121 shares in the last quarter. Neuburgh Advisers LLC lifted its position in Coupa Software by 100.0% during the second quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock valued at $45,000 after buying an additional 176 shares in the last quarter. Advantage Investment Management LLC acquired a new position in Coupa Software during the second quarter valued at approximately $25,000. Finally, Glen Harbor Capital Management LLC lifted its position in Coupa Software by 100.0% during the second quarter. Glen Harbor Capital Management LLC now owns 484 shares of the technology company’s stock valued at $61,000 after buying an additional 242 shares in the last quarter.

Shares of NASDAQ:COUP traded down $4.08 during midday trading on Friday, reaching $132.11. The company had a trading volume of 270,222 shares, compared to its average volume of 1,742,373. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.13 and a quick ratio of 2.13. The stock’s fifty day moving average price is $139.63 and its 200-day moving average price is $116.46. The stock has a market capitalization of $8.56 billion, a P/E ratio of -197.17 and a beta of 1.60. Coupa Software Inc has a one year low of $52.01 and a one year high of $156.16.

Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results 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 business had revenue of $95.00 million during the quarter, compared to analyst estimates 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 was up 54.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 earnings per share. As a group, sell-side analysts forecast that Coupa Software Inc will post -1.02 earnings per share for the current year.

In other Coupa Software news, CFO Todd R. Ford sold 3,405 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $125.70, for a total transaction of $428,008.50. Following the completion of the sale, the chief financial officer now owns 20,928 shares in the company, valued at $2,630,649.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Anthony D. Tiscornia sold 1,223 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $125.70, for a total transaction of $153,731.10. Following the sale, the chief accounting officer now owns 828 shares of the company’s stock, valued at approximately $104,079.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 275,976 shares of company stock valued at $37,309,318. Insiders own 5.30% of the company’s stock.

COUP has been the topic of a number of recent research reports. Deutsche Bank began coverage on shares of Coupa Software in a research report on Wednesday, July 24th. They set a “hold” rating and a $150.00 price target on the stock. Barclays boosted their target price on shares of Coupa Software from $101.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 4th. Cantor Fitzgerald set a $166.00 target price on shares of Coupa Software and gave the stock a “buy” 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 target price on the stock in a research report on Monday. Finally, Needham & Company LLC boosted their target price on shares of Coupa Software from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Six investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Coupa Software presently has a consensus rating of “Buy” and a consensus price target of $153.05.

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.

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

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