Rhumbline Advisers raised its stake in Coupa Software Inc (NASDAQ:COUP) by 0.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 62,512 shares of the technology company’s stock after buying an additional 169 shares during the quarter. Rhumbline Advisers’ holdings in Coupa Software were worth $8,735,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV increased its holdings in Coupa Software by 37.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,747 shares of the technology company’s stock valued at $1,133,000 after buying an additional 2,129 shares in the last quarter. Piedmont Investment Advisors Inc. increased its holdings in Coupa Software by 4.0% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 4,677 shares of the technology company’s stock valued at $684,000 after buying an additional 180 shares in the last quarter. Great West Life Assurance Co. Can purchased a new position in shares of Coupa Software during the 4th quarter worth approximately $771,000. Raymond James & Associates increased its stake in shares of Coupa Software by 89.6% during the 1st quarter. Raymond James & Associates now owns 67,627 shares of the technology company’s stock worth $9,450,000 after purchasing an additional 31,951 shares in the last quarter. Finally, Credit Suisse AG increased its stake in shares of Coupa Software by 2.8% during the 4th quarter. Credit Suisse AG now owns 51,608 shares of the technology company’s stock worth $7,547,000 after purchasing an additional 1,410 shares in the last quarter.

In other news, CFO Todd R. Ford sold 78,561 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were 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 approximately $4,908,414.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Riggs sold 929 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $154.01, for a total transaction of $143,075.29. Following the completion of the transaction, the insider now directly owns 644 shares in the company, valued at approximately $99,182.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 193,721 shares of company stock worth $33,615,970. 3.40% of the stock is owned by company insiders.

Shares of COUP opened at $227.48 on Friday. The company’s fifty day moving average is $169.94 and its two-hundred day moving average is $155.80. Coupa Software Inc has a fifty-two week low of $99.01 and a fifty-two week high of $228.45. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.27.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Monday, March 16th. The technology company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.16. The company had revenue of $111.45 million for the quarter, compared to analyst estimates of $102.51 million. Coupa Software had a negative net margin of 23.31% and a negative return on equity of 10.01%. Coupa Software’s revenue for the quarter was up 48.8% on a year-over-year basis. During the same quarter last year, the business earned $0.05 EPS. As a group, equities analysts forecast that Coupa Software Inc will post -0.95 EPS for the current fiscal year.

A number of brokerages have recently weighed in on COUP. Wedbush raised their price objective on shares of Coupa Software from $137.00 to $176.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. SunTrust Banks dropped their price objective on shares of Coupa Software from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Royal Bank of Canada dropped their price objective on shares of Coupa Software from $190.00 to $140.00 and set an “outperform” rating for the company in a research note on Tuesday, March 17th. Raymond James dropped their price objective on shares of Coupa Software from $170.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, March 17th. Finally, Needham & Company LLC dropped their price objective on shares of Coupa Software from $195.00 to $136.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $154.64.

Coupa Software Company 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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Institutional Ownership by Quarter for Coupa Software (NASDAQ:COUP)

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