Paloma Partners Management Co Buys Shares of 19,033 Coupa Software Inc (COUP)
Paloma Partners Management Co bought a new position in Coupa Software Inc (NASDAQ:COUP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,033 shares of the technology company’s stock, valued at approximately $594,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ensemble Capital Management LLC acquired a new stake in shares of Coupa Software in the fourth quarter worth approximately $203,000. Virtu Financial LLC acquired a new stake in shares of Coupa Software in the fourth quarter worth approximately $233,000. Essex Investment Management Co. LLC acquired a new stake in shares of Coupa Software in the fourth quarter worth approximately $242,000. Personal Capital Advisors Corp acquired a new stake in shares of Coupa Software in the fourth quarter worth approximately $261,000. Finally, UBS Asset Management Americas Inc. acquired a new stake in shares of Coupa Software in the fourth quarter worth approximately $268,000. 88.39% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $49.00 target price (up from $42.00) on shares of Coupa Software in a research report on Tuesday, March 13th. Oppenheimer assumed coverage on shares of Coupa Software in a report on Thursday, December 21st. They issued a “buy” rating and a $41.00 price target on the stock. Barclays restated a “hold” rating and issued a $38.00 price target (up previously from $34.00) on shares of Coupa Software in a report on Monday, November 27th. Zacks Investment Research lowered shares of Coupa Software from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Finally, JMP Securities lowered shares of Coupa Software from an “outperform” rating to a “market perform” rating and set a $31.00 price target on the stock. in a report on Tuesday, March 13th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $46.13.
Coupa Software Inc (NASDAQ COUP) opened at $46.26 on Friday. Coupa Software Inc has a 1-year low of $23.20 and a 1-year high of $50.69. The company has a market cap of $2,601.50, a P/E ratio of -55.73 and a beta of 1.29.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data on Monday, March 12th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.17. The company had revenue of $53.80 million for the quarter, compared to analyst estimates of $48.64 million. Coupa Software had a negative net margin of 23.45% and a negative return on equity of 20.33%. The business’s quarterly revenue was up 41.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) earnings per share. analysts forecast that Coupa Software Inc will post -1.16 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Paloma Partners Management Co Buys Shares of 19,033 Coupa Software Inc (COUP)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/paloma-partners-management-co-buys-shares-of-19033-coupa-software-inc-coup/1961019.html.
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.
Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.