Coupa Software (COUP) Stake Held by Senvest Management, LLC
Senvest Management, LLC
recently disclosed that they own 5.8% of Coupa Software (NASDAQ:COUP) in a Schedule 13G disclosure that was filed with the Securities and Exchange Commission on Thursday, November 16th. The investor owns 5,383,051 shares of the stock valued at $181,462,649. The reporting parties listed on the disclosure included Senvest Management, LLC and Richard Mashaal. The filing is available through Edgar at this hyperlink.
Other institutional investors have also added to or reduced their stakes in the company. Verition Fund Management LLC acquired a new position in Coupa Software during the 2nd quarter valued at about $384,000. Sylebra HK Co Ltd raised its position in shares of Coupa Software by 6.5% in the 2nd quarter. Sylebra HK Co Ltd now owns 1,204,374 shares of the technology company’s stock valued at $34,903,000 after acquiring an additional 73,654 shares during the period. Vanguard Group Inc. raised its position in shares of Coupa Software by 260.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock valued at $78,254,000 after acquiring an additional 1,950,862 shares during the period. Capital World Investors raised its position in shares of Coupa Software by 39.2% in the 2nd quarter. Capital World Investors now owns 1,837,112 shares of the technology company’s stock valued at $53,240,000 after acquiring an additional 517,000 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Coupa Software by 17.2% in the 2nd quarter. Wells Fargo & Company MN now owns 321,265 shares of the technology company’s stock valued at $9,310,000 after acquiring an additional 47,131 shares during the period. Institutional investors own 65.16% of the company’s stock.
A number of analysts recently weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Coupa Software from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Wednesday, September 6th. First Analysis began coverage on Coupa Software in a research note on Monday, August 7th. They set an “overweight” rating and a $37.00 target price for the company. Zacks Investment Research cut Coupa Software from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. ValuEngine raised Coupa Software from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $36.00 target price on shares of Coupa Software in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $35.16.
In related news, insider Ravi Thakur sold 11,240 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $30.29, for a total value of $340,459.60. Following the completion of the transaction, the insider now directly owns 45,695 shares of the company’s stock, valued at $1,384,101.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Anthony D. Tiscornia sold 781 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $33.18, for a total transaction of $25,913.58. Following the completion of the transaction, the insider now directly owns 521 shares of the company’s stock, valued at $17,286.78. The disclosure for this sale can be found here. Insiders have sold a total of 377,818 shares of company stock valued at $12,296,855 over the last ninety days. Company insiders own 32.10% of the company’s stock.
Shares of Coupa Software (NASDAQ:COUP) traded up $0.86 on Thursday, hitting $33.71. 145,581 shares of the stock traded hands, compared to its average volume of 468,984. Coupa Software has a one year low of $22.50 and a one year high of $37.72.
Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Tuesday, September 5th. The technology company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.18. The company had revenue of $44.60 million during the quarter, compared to analysts’ expectations of $41.59 million. Coupa Software had a negative net margin of 24.00% and a negative return on equity of 19.01%. The firm’s quarterly revenue was up 43.4% compared to the same quarter last year. equities research analysts predict that Coupa Software will post -1 earnings per share for the current fiscal year.
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Coupa Software Company Profile
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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