Janus Capital Management LLC purchased a new position in shares of Coupa Software Inc (NASDAQ:COUP) during the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 478,721 shares of the technology company’s stock, valued at approximately $12,160,000. Janus Capital Management LLC owned about 0.95% of Coupa Software as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp purchased a new stake in shares of Coupa Software during the fourth quarter worth about $2,224,000. Stoneridge Investment Partners LLC purchased a new stake in shares of Coupa Software during the first quarter worth about $850,000. Jane Street Group LLC bought a new position in Coupa Software during the first quarter worth $1,278,000. FMR LLC bought a new position in Coupa Software during the fourth quarter worth $603,000. Finally, Ameriprise Financial Inc. boosted its position in Coupa Software by 40.4% in the first quarter. Ameriprise Financial Inc. now owns 41,035 shares of the technology company’s stock worth $1,042,000 after buying an additional 11,800 shares during the last quarter. Institutional investors own 52.78% of the company’s stock.
Shares of Coupa Software Inc (COUP) traded up 0.42% during midday trading on Friday, reaching $30.78. 225,201 shares of the company traded hands. Coupa Software Inc has a 12 month low of $22.50 and a 12 month high of $41.61. The company has a 50 day moving average of $30.42 and a 200 day moving average of $28.51. The firm’s market capitalization is $1.63 billion.
Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, June 5th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.05. The business had revenue of $41.10 million for the quarter, compared to the consensus estimate of $38.33 million. Coupa Software had a negative net margin of 24.40% and a negative return on equity of 21.59%. The firm’s quarterly revenue was up 40.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.76) EPS. On average, equities research analysts predict that Coupa Software Inc will post ($0.51) earnings per share for the current fiscal year.
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A number of research firms recently weighed in on COUP. Cantor Fitzgerald assumed coverage on shares of Coupa Software in a research report on Thursday, July 20th. They set an “overweight” rating and a $35.00 price objective for the company. BTIG Research assumed coverage on shares of Coupa Software in a research report on Monday, June 12th. They issued a “buy” rating and a $44.00 price target for the company. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $40.00 price target (up previously from $34.00) on shares of Coupa Software in a research report on Wednesday, June 7th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $31.00 price target (up previously from $27.00) on shares of Coupa Software in a research report on Tuesday, June 6th. Finally, JMP Securities reissued an “outperform” rating and issued a $40.00 price target (up previously from $32.00) on shares of Coupa Software in a research report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Coupa Software presently has a consensus rating of “Hold” and a consensus price target of $33.90.
In other Coupa Software news, insider Ravi Thakur sold 11,240 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $35.13, for a total transaction of $394,861.20. Following the completion of the sale, the insider now directly owns 79,061 shares of the company’s stock, valued at approximately $2,777,412.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd R. Ford sold 1,446 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $30.70, for a total value of $44,392.20. Following the sale, the chief financial officer now directly owns 4,059 shares of the company’s stock, valued at $124,611.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,776,719 shares of company stock worth $55,474,606. 32.10% of the stock is owned by corporate insiders.
Coupa Software Company Profile
Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.
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