TD Asset Management Inc. raised its stake in Coupa Software (NASDAQ:COUP) by 19.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,695 shares of the technology company’s stock after acquiring an additional 20,720 shares during the period. TD Asset Management Inc. owned 0.24% of Coupa Software worth $4,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COUP. Vanguard Group Inc. boosted its stake in Coupa Software by 27.5% in the first quarter. Vanguard Group Inc. now owns 749,441 shares of the technology company’s stock valued at $19,035,000 after acquiring an additional 161,830 shares in the last quarter. Geode Capital Management LLC boosted its stake in Coupa Software by 6.5% in the first quarter. Geode Capital Management LLC now owns 98,463 shares of the technology company’s stock valued at $2,500,000 after acquiring an additional 5,967 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Coupa Software by 5.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 28,056 shares of the technology company’s stock valued at $713,000 after acquiring an additional 1,368 shares in the last quarter. Rhumbline Advisers boosted its stake in Coupa Software by 304.4% in the second quarter. Rhumbline Advisers now owns 33,358 shares of the technology company’s stock valued at $967,000 after acquiring an additional 25,110 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Coupa Software by 306.6% in the second quarter. Bank of New York Mellon Corp now owns 110,562 shares of the technology company’s stock valued at $3,204,000 after acquiring an additional 83,373 shares in the last quarter. Institutional investors own 76.68% of the company’s stock.

Several research firms have issued reports on COUP. Cantor Fitzgerald restated a “buy” rating and issued a $36.00 price objective on shares of Coupa Software in a research note on Tuesday. Barclays reaffirmed a “hold” rating and issued a $38.00 target price (up from $34.00) on shares of Coupa Software in a report on Monday, November 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $41.00 target price on shares of Coupa Software in a report on Wednesday, November 15th. Zacks Investment Research raised shares of Coupa Software from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, ValuEngine raised shares of Coupa Software from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Coupa Software currently has an average rating of “Hold” and an average price target of $35.66.

In related news, insider Ravi Thakur sold 11,240 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $35.90, for a total transaction of $403,516.00. Following the completion of the transaction, the insider now directly owns 13,436 shares of the company’s stock, valued at $482,352.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony D. Tiscornia sold 2,344 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $31.37, for a total transaction of $73,531.28. Following the transaction, the insider now directly owns 1,563 shares of the company’s stock, valued at $49,031.31. The disclosure for this sale can be found here. Insiders have sold 491,519 shares of company stock valued at $16,224,868 over the last three months. 32.10% of the stock is currently owned by corporate insiders.

Shares of Coupa Software (NASDAQ:COUP) opened at $32.08 on Thursday. Coupa Software has a 1-year low of $22.50 and a 1-year high of $37.72.

Coupa Software (NASDAQ:COUP) last announced its earnings results on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.71%. The business had revenue of $47.30 million during the quarter, compared to analysts’ expectations of $45.02 million. During the same period in the prior year, the company earned ($0.22) earnings per share. The business’s revenue was up 33.6% compared to the same quarter last year. research analysts expect that Coupa Software will post -1 earnings per share for the current fiscal year.

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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.

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

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