Paragon Advisors LLC acquired a new stake in Coupa Software Inc (NASDAQ:COUP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,659 shares of the technology company’s stock, valued at approximately $737,000.
A number of other institutional investors have also recently made changes to their positions in COUP. PNC Financial Services Group Inc. grew its stake in Coupa Software by 202.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 710 shares of the technology company’s stock valued at $104,000 after acquiring an additional 475 shares during the period. Envestnet Asset Management Inc. grew its stake in Coupa Software by 23.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,669 shares of the technology company’s stock valued at $683,000 after acquiring an additional 898 shares during the period. Great West Life Assurance Co. Can acquired a new stake in Coupa Software in the fourth quarter valued at approximately $771,000. Raymond James Financial Services Advisors Inc. grew its stake in Coupa Software by 6.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 15,267 shares of the technology company’s stock valued at $2,233,000 after acquiring an additional 941 shares during the period. Finally, Utah Retirement Systems grew its stake in Coupa Software by 2.6% in the fourth quarter. Utah Retirement Systems now owns 11,900 shares of the technology company’s stock valued at $1,740,000 after acquiring an additional 300 shares during the period.
In related news, Director Veenendaal Frank Van sold 1,250 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $175.00, for a total transaction of $218,750.00. Following the completion of the transaction, the director now directly owns 69,619 shares in the company, valued at $12,183,325. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Todd R. Ford sold 78,561 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $191.69, for a total value of $15,059,358.09. Following the transaction, the chief financial officer now owns 25,606 shares of the company’s stock, valued at $4,908,414.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 229,883 shares of company stock worth $47,361,791. 3.40% of the stock is currently owned by corporate insiders.
Shares of NASDAQ:COUP traded up $3.34 during midday trading on Tuesday, reaching $290.38. 1,066,437 shares of the company traded hands, compared to its average volume of 2,027,864. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.28. Coupa Software Inc has a 12 month low of $99.01 and a 12 month high of $297.00. The firm has a market capitalization of $19.25 billion, a price-to-earnings ratio of -212.62 and a beta of 1.50. The firm’s fifty day moving average price is $241.64 and its two-hundred day moving average price is $178.45.
Coupa Software (NASDAQ:COUP) last released its quarterly earnings data on Monday, June 8th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.13. Coupa Software had a negative return on equity of 8.12% and a negative net margin of 19.92%. The company had revenue of $119.21 million for the quarter, compared to analyst estimates of $111.84 million. During the same period in the previous year, the company posted $0.03 EPS. The firm’s revenue for the quarter was up 46.6% compared to the same quarter last year. Analysts forecast that Coupa Software Inc will post -0.87 earnings per share for the current year.
COUP has been the topic of several analyst reports. Raymond James lifted their target price on Coupa Software from $135.00 to $235.00 and gave the company an “outperform” rating in a research report on Tuesday, June 9th. KeyCorp began coverage on Coupa Software in a research report on Wednesday, July 1st. They set an “overweight” rating and a $320.00 target price on the stock. Canaccord Genuity lifted their price target on Coupa Software from $140.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. JPMorgan Chase & Co. lowered Coupa Software from a “neutral” rating to an “underweight” rating and set a $100.00 price target on the stock. in a report on Thursday, April 23rd. Finally, Goldman Sachs Group lifted their price target on Coupa Software from $245.00 to $322.00 and gave the stock a “buy” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $204.46.
Coupa Software Profile
Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.
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