Coupa Software Inc (COUP) Holdings Boosted by Brown Advisory Inc.

Brown Advisory Inc. increased its position in Coupa Software Inc (NASDAQ:COUP) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,592 shares of the technology company’s stock after acquiring an additional 4,142 shares during the period. Brown Advisory Inc. owned approximately 0.21% of Coupa Software worth $9,855,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sylebra HK Co Ltd grew its holdings in shares of Coupa Software by 4.5% in the 2nd quarter. Sylebra HK Co Ltd now owns 3,533,098 shares of the technology company’s stock worth $219,900,000 after acquiring an additional 150,823 shares during the period. BlackRock Inc. grew its holdings in shares of Coupa Software by 14.4% in the 3rd quarter. BlackRock Inc. now owns 3,480,491 shares of the technology company’s stock worth $275,308,000 after acquiring an additional 438,131 shares during the period. Whale Rock Capital Management LLC grew its holdings in shares of Coupa Software by 16.8% in the 2nd quarter. Whale Rock Capital Management LLC now owns 2,267,803 shares of the technology company’s stock worth $141,148,000 after acquiring an additional 326,727 shares during the period. FMR LLC grew its holdings in shares of Coupa Software by 42.3% in the 2nd quarter. FMR LLC now owns 1,774,407 shares of the technology company’s stock worth $110,439,000 after acquiring an additional 527,529 shares during the period. Finally, Jackson Square Partners LLC acquired a new stake in shares of Coupa Software in the 3rd quarter worth approximately $87,361,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

In related news, CFO Todd R. Ford sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $56.08, for a total value of $701,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark Riggs sold 644 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $65.00, for a total value of $41,860.00. Following the completion of the sale, the insider now directly owns 1,141 shares in the company, valued at approximately $74,165. The disclosure for this sale can be found here. In the last ninety days, insiders sold 284,248 shares of company stock worth $19,036,803. 6.50% of the stock is owned by corporate insiders.

A number of equities research analysts recently weighed in on the company. Loop Capital upgraded Coupa Software from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Friday. Zacks Investment Research cut Coupa Software from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Northland Securities cut Coupa Software from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 11th. Raymond James upped their price target on Coupa Software from $60.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, September 5th. Finally, Needham & Company LLC upped their price target on Coupa Software from $63.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, September 5th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $63.69.

COUP stock opened at $68.80 on Tuesday. Coupa Software Inc has a 1 year low of $30.65 and a 1 year high of $84.53.

Coupa Software (NASDAQ:COUP) last posted its earnings results on Tuesday, September 4th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.13. Coupa Software had a negative return on equity of 16.73% and a negative net margin of 22.52%. The firm had revenue of $61.65 million for the quarter, compared to analyst estimates of $56.61 million. On average, equities analysts predict that Coupa Software Inc will post -0.98 EPS for the current year.

WARNING: This piece was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.com-unik.info/2018/12/04/coupa-software-inc-coup-holdings-boosted-by-brown-advisory-inc.html.

Coupa Software Profile

Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.

Featured Story: What are no-load funds?

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

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit