Coupa Software Inc (COUP) Shares Bought by Wells Fargo & Company MN
Wells Fargo & Company MN lifted its position in Coupa Software Inc (NASDAQ:COUP) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 335,793 shares of the technology company’s stock after buying an additional 14,528 shares during the quarter. Wells Fargo & Company MN owned approximately 0.63% of Coupa Software worth $10,461,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. raised its holdings in shares of Coupa Software by 5.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 28,056 shares of the technology company’s stock valued at $713,000 after buying an additional 1,368 shares during the period. American International Group Inc. increased its holdings in Coupa Software by 8.1% during the 3rd quarter. American International Group Inc. now owns 19,989 shares of the technology company’s stock worth $623,000 after purchasing an additional 1,494 shares during the period. Bank of New York Mellon Corp increased its holdings in Coupa Software by 2.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 113,344 shares of the technology company’s stock worth $3,531,000 after purchasing an additional 2,782 shares during the period. BNP Paribas Arbitrage SA increased its holdings in Coupa Software by 2,294.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock worth $106,000 after purchasing an additional 3,511 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new stake in Coupa Software during the 2nd quarter worth about $142,000. Hedge funds and other institutional investors own 74.67% of the company’s stock.
Several equities research analysts have weighed in on COUP shares. Royal Bank of Canada upped their price target on Coupa Software from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Wednesday, September 6th. Cantor Fitzgerald restated a “buy” rating and set a $36.00 price target on shares of Coupa Software in a report on Wednesday, September 6th. Zacks Investment Research downgraded Coupa Software from a “hold” rating to a “sell” rating in a report on Friday, September 8th. ValuEngine upgraded Coupa Software from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Barclays restated a “hold” rating and set a $38.00 price target (up previously from $34.00) on shares of Coupa Software in a report on Monday, November 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. Coupa Software has an average rating of “Buy” and an average price target of $36.53.
Coupa Software Inc (COUP) opened at $31.85 on Wednesday. The stock has a market capitalization of $1,750.00 and a PE ratio of -31.85. Coupa Software Inc has a 1 year low of $22.50 and a 1 year high of $37.72.
Coupa Software (NASDAQ:COUP) last released its quarterly earnings data on Monday, December 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.06. The business had revenue of $47.30 million during the quarter, compared to analysts’ expectations of $45.02 million. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The business’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.22) EPS. research analysts predict that Coupa Software Inc will post -0.94 EPS for the current year.
In related news, insider Ravi Thakur sold 11,240 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $31.35, for a total value of $352,374.00. Following the completion of the sale, the insider now directly owns 35,916 shares of the company’s stock, valued at approximately $1,125,966.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Anthony D. Tiscornia sold 2,443 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $35.44, for a total value of $86,579.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 410,883 shares of company stock valued at $13,947,893. Insiders own 32.10% of the company’s stock.
About Coupa Software
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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