Envestnet Asset Management Inc. cut its position in shares of Coupa Software Incorporated (NASDAQ:COUP – Get Rating) by 5.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 78,659 shares of the technology company's stock after selling 4,671 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.10% of Coupa Software worth $7,994,000 as of its most recent SEC filing.

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

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Insider Activity

In other news, CAO Maurizio Baratta sold 598 shares of the company's stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $55.11, for a total value of $32,955.78. Following the completion of the sale, the chief accounting officer now owns 4,170 shares of the company's stock, valued at approximately $229,808.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Todd R. Ford sold 1,940 shares of the company's stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $55.11, for a total value of $106,913.40. Following the completion of the sale, the chief financial officer now owns 30,884 shares of the company's stock, valued at approximately $1,702,017.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Maurizio Baratta sold 598 shares of the company's stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $55.11, for a total transaction of $32,955.78. Following the sale, the chief accounting officer now owns 4,170 shares of the company's stock, valued at $229,808.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,113 shares of company stock valued at $1,210,703. Corporate insiders own 2.20% of the company's stock.

Coupa Software Price Performance

COUP stock opened at $77.56 on Tuesday. The company has a debt-to-equity ratio of 6.42, a current ratio of 1.81 and a quick ratio of 1.81. Coupa Software Incorporated has a one year low of $50.54 and a one year high of $270.79. The stock has a market cap of $5.86 billion, a PE ratio of -16.02 and a beta of 1.48. The firm has a 50 day simple moving average of $63.73 and a two-hundred day simple moving average of $87.86.

Coupa Software (NASDAQ:COUP – Get Rating) last released its quarterly earnings results on Monday, June 6th. The technology company reported ($0.62) EPS for the quarter, missing analysts' consensus estimates of ($0.57) by ($0.05). Coupa Software had a negative return on equity of 17.87% and a negative net margin of 47.72%. The company had revenue of $196.37 million during the quarter, compared to analysts' expectations of $190.69 million. During the same period in the prior year, the firm earned ($0.57) EPS. Coupa Software's quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts predict that Coupa Software Incorporated will post -2.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. BMO Capital Markets lowered their price objective on shares of Coupa Software from $110.00 to $85.00 in a research report on Tuesday, June 7th. The Goldman Sachs Group lowered shares of Coupa Software from a "neutral" rating to a "sell" rating and lowered their price target for the company from $83.00 to $64.00 in a research report on Thursday, May 12th. Raymond James boosted their price target on shares of Coupa Software from $75.00 to $90.00 in a research report on Tuesday, June 7th. KeyCorp lowered their price target on shares of Coupa Software from $100.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, July 7th. Finally, UBS Group lowered their price target on shares of Coupa Software to $84.00 in a research report on Friday, June 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Coupa Software has an average rating of "Hold" and a consensus price target of $99.39.

Coupa Software 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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