The California public workers’ pension formula raised its position in the shares of Coupa Software Inc (NASDAQ: COUP) by 3.8% this quarter, according to the company in its last 13F filing with the SEC.The institutional investor owned 148,550 shares of the corporate generation after obtaining 5,424 more shares in the quarter.The California public workers’ pension formula contained approximately 0.22% of Coupa Software, valued at $41,154,000 at the end of the last quarter.
Several other institutional investors have also bought and sold shares of COUP recently. Nisa Investment Advisors LLC increased its stake in Coupa Software shares to 158.7% in the first quarter. Nisa Investment Advisors LLC now owns 815 shares of the corporate generation valued at $ 114,000 after obtaining 500 more shares during the period. Envestnet Asset Management Inc. increased its equity holdings of Coupa Software by 29.0% in the first quarter. Envestnet Asset Management Inc. now owns 6,023 shares of the corporate generation valued at $ 842,000 after buying another 1,354 shares in the last quarter. Synovus Financial Corp. acquired a new equity position in Coupa Software in the first quarter valued at $ 46,000. Calamos Advisors LLC increased its equity holdings of Coupa Software by 246.7% in the first quarter. Calamos Advisors LLC now owns 40,181 shares of the corporate generation valued at $ 5,614,000 after purchasing another 28,591 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its coupa software equity holdings to 132.4% in the first quarter. Steward Partners Investment Advisory LLC now has 395 shares of the corporate generation valued at $ 55,000 after buying 225 more shares in the last quarter.
COUP has been the subject of several study reports. Zacks Investment Research reduced Coupa Software from a “hold” score to a “sell” score in a study report on Monday, August 17. Oppenheimer raised his value target at Coupa Software from $250.00 to $265.00 and gave the inventory a “top performance” score in a study report on Thursday, June 18. Morgan Stanley raised his value target at Coupa Software from $229.00 to $249.00 and gave the company an “overweight” score in a study report on Tuesday, June 9. Raymond James increased his value target at Coupa Software from $135.00 to $235.00 and gave the company a “top performance” score in a study report on Tuesday, June 9. Finally, Cantor Fitzgerald reiterated a “overweight” note about Coupa Software’s movements in a study report on Monday, June 8. Two equity studies analysts rated inventory with a sales score, seven gave a retention score, and 16 gave inventory a buy mark. Coupa Software has lately a consensus score of “Buy” and an average target value of $216.30.
Informant Mark Riggs sold 1,091 coupa Software inventories in a transaction on Monday, June 22. Inventories were sold at an average value of $260.60 for a total transaction of $284,314.60. After the sale, the insider now owns 903 company inventories, valued at $235,321.80. The transaction was disclosed in a legal file with the Securities and Exchange Commission, which will be held on the SEC’s website. In addition, Veenendaal’s director, Frank Van, sold 5,897 coupa Software inventories in a transaction that took place on Monday, June 15. Inventories were sold at an average value of $221.67 for a total transaction of $1,307,187.99. Over the more than 90 days, the initiates have sold 188,750 company inventories valued at $52,690,461. 3.40% of inventory is held lately through corporate internal people.
COUP shares opened at $325.97 on Friday.The company has a market capitalization of $21.78 billion, a P/U ratio of -241.46 and a beta of 1.49.The company has a 50-day moving average of $300.27 and a 200-day moving average of $215.54.Coupa Software Inc has a minimum of 52 weeks of $99.01 and a maximum of 52 weeks of $337.49.The corporate has an immediate ratio of 2.03, an existing ratio of 2.03 and a debt ratio of 1.28.
Coupa Software (NASDAQ: COUP) last published its quarterly earnings knowledge on Monday, June 8. Corporate generation reported consistent gains with a consistent percentage (EPS) of $0.20 for the quarter, exceeding Thomson Reuters’ consensus estimate of $0.07 consistent with $0.13. Coupa Software recorded a negative decline in equity of 8.12% and a negative net margin of 19.92%. The company reported earnings of $119.21 million for the quarter, to the consensus estimate of $111.84 million. In the same quarter last year, the Company made consistent profits with a consistent percentage of $0.03. Corporate earnings for the quarter rose 46.6% in the same quarter last year. Stock analysts expect Coupa Software Inc. to release a BPA of -0.91 for the current year.
About Coupa Software
Coupa Software, Inc. is committed to offering Business Expense Management (BSM) solutions. It provides a cloud-based BSM platform that offers a wide variety of features that would require the acquisition and use of multiple different applications at once. Its platform includes procurement, billing, expense control and payment modules that are the transactional engine for managing a company’s business expenses.
Additional readings: bull market
Want to see which coverage budget COUP has? Visit HoldingsChannel.com for the latest 13F deposits and insider use of Coupa Software Inc (NASDAQ: COUP).
Commonwealth Equity Services LLC reduces its stake in Essential Utilities Inc (NASDAQ: WTRG)
Texas Teacher Pension System occupies $4.42 million in United Rentals, Inc. (NYSE: URI)