Paloma Partners Management Co Boosts Position in Coupa Software Inc (NASDAQ:COUP)

Paloma Partners Management Co boosted its position in shares of Coupa Software Inc (NASDAQ:COUP) by 5,503.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 163,383 shares of the technology company’s stock after acquiring an additional 160,467 shares during the quarter. Paloma Partners Management Co owned 0.26% of Coupa Software worth $20,686,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Nisa Investment Advisors LLC increased its position in Coupa Software by 39.7% in the second quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock worth $51,000 after buying an additional 115 shares in the last quarter. Neuburgh Advisers LLC increased its position in Coupa Software by 100.0% in the second quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock worth $45,000 after buying an additional 176 shares in the last quarter. Advantage Investment Management LLC purchased a new stake in Coupa Software in the second quarter worth about $25,000. Glen Harbor Capital Management LLC increased its position in Coupa Software by 100.0% in the second quarter. Glen Harbor Capital Management LLC now owns 484 shares of the technology company’s stock worth $61,000 after buying an additional 242 shares in the last quarter. Finally, First Hawaiian Bank increased its position in Coupa Software by 8.9% in the second quarter. First Hawaiian Bank now owns 3,320 shares of the technology company’s stock worth $420,000 after buying an additional 270 shares in the last quarter.

A number of equities analysts have recently weighed in on COUP shares. SunTrust Banks upped their price objective on Coupa Software from $120.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Barclays upped their price objective on Coupa Software from $101.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 4th. Bank of America upped their price objective on Coupa Software from $168.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Royal Bank of Canada upped their price objective on Coupa Software from $135.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. Finally, Goldman Sachs Group upped their price objective on Coupa Software from $140.00 to $174.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Coupa Software has a consensus rating of “Buy” and a consensus target price of $153.65.

In other news, insider Mark Riggs sold 626 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $125.70, for a total value of $78,688.20. Following the completion of the sale, the insider now directly owns 902 shares of the company’s stock, valued at approximately $113,381.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Henry Tayloe Stansbury sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $148.45, for a total value of $1,484,500.00. Following the completion of the sale, the director now directly owns 18,307 shares of the company’s stock, valued at $2,717,674.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 302,410 shares of company stock valued at $41,874,278. 5.30% of the stock is owned by corporate insiders.

Coupa Software stock traded up $1.25 during midday trading on Thursday, reaching $138.10. 44,019 shares of the stock traded hands, compared to its average volume of 2,036,365. The stock’s fifty day moving average is $138.47 and its 200-day moving average is $117.62. Coupa Software Inc has a 12 month low of $52.01 and a 12 month high of $156.16. The stock has a market cap of $8.49 billion, a P/E ratio of -206.03 and a beta of 1.60. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 1.25.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Tuesday, September 3rd. The technology company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.19. Coupa Software had a negative return on equity of 13.73% and a negative net margin of 20.91%. The company had revenue of $95.00 million during the quarter, compared to analyst estimates of $85.38 million. During the same period in the prior year, the company earned $0.05 earnings per share. The firm’s revenue was up 54.0% on a year-over-year basis. On average, equities analysts predict that Coupa Software Inc will post -1.02 EPS for the current fiscal year.

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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