IFM Investors Pty Ltd raised its holdings in shares of Coupa Software Incorporated (NASDAQ:COUP – Get Rating) by 20.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,567 shares of the technology company's stock after buying an additional 1,993 shares during the quarter. IFM Investors Pty Ltd's holdings in Coupa Software were worth $1,176,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Montag A & Associates Inc. raised its position in Coupa Software by 336.8% during the 4th quarter. Montag A & Associates Inc. now owns 166 shares of the technology company's stock valued at $26,000 after purchasing an additional 128 shares during the last quarter. Sandy Cove Advisors LLC bought a new position in Coupa Software during the 4th quarter valued at approximately $30,000. Standard Family Office LLC purchased a new stake in Coupa Software during the 4th quarter valued at $32,000. UMB Bank N A MO purchased a new stake in Coupa Software during the 4th quarter valued at $37,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Coupa Software in the 4th quarter worth $47,000. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other news, CEO Robert Bernshteyn sold 8,076 shares of the firm's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $55.11, for a total transaction of $445,068.36. Following the completion of the transaction, the chief executive officer now owns 245,620 shares in the company, valued at approximately $13,536,118.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Mark Riggs sold 5,018 shares of Coupa Software stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $75.32, for a total value of $377,955.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert Bernshteyn sold 8,076 shares of Coupa Software stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $55.11, for a total transaction of $445,068.36. Following the completion of the transaction, the chief executive officer now directly owns 245,620 shares in the company, valued at approximately $13,536,118.20. The disclosure for this sale can be found here. Insiders have sold a total of 20,113 shares of company stock valued at $1,210,703 in the last quarter. Company insiders own 2.20% of the company's stock.

Coupa Software Stock Performance

Shares of COUP stock opened at $76.50 on Monday. Coupa Software Incorporated has a one year low of $50.54 and a one year high of $270.79. The company has a debt-to-equity ratio of 6.42, a quick ratio of 1.81 and a current ratio of 1.81. The company has a 50 day moving average price of $63.63 and a 200 day moving average price of $88.21. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of -15.81 and a beta of 1.48.

Coupa Software (NASDAQ:COUP – Get Rating) last announced its earnings results on Monday, June 6th. The technology company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.57) by ($0.05). The firm had revenue of $196.37 million during the quarter, compared to analysts' expectations of $190.69 million. Coupa Software had a negative net margin of 47.72% and a negative return on equity of 17.87%. Coupa Software's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.57) earnings per share. Sell-side analysts anticipate that Coupa Software Incorporated will post -2.63 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Bank of America decreased their price target on Coupa Software from $120.00 to $96.00 and set a "buy" rating on the stock in a report on Tuesday, May 31st. Raymond James lifted their price target on Coupa Software from $75.00 to $90.00 in a research report on Tuesday, June 7th. BMO Capital Markets dropped their target price on Coupa Software from $110.00 to $85.00 in a research report on Tuesday, June 7th. Evercore ISI lowered their price target on Coupa Software from $140.00 to $115.00 and set an "outperform" rating for the company in a report on Tuesday, June 7th. Finally, The Goldman Sachs Group downgraded shares of Coupa Software from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $83.00 to $64.00 in a research note on Thursday, May 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $99.39.

Coupa Software Company Profile

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Coupa Software Incorporated provides cloud-based business spend management platform that connects its customers with suppliers worldwide. The company provides visibility into and control over how companies spend money, optimize supply chains, and manage liquidity, as well as enables businesses to achieve savings that drive profitability.

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