Hamilton Lane Advisors LLC cut its holdings in shares of Coupa Software Inc (NASDAQ:COUP) by 41.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,668 shares of the technology company’s stock after selling 30,175 shares during the period. Coupa Software accounts for about 2.3% of Hamilton Lane Advisors LLC’s holdings, making the stock its 11th biggest position. Hamilton Lane Advisors LLC owned approximately 0.07% of Coupa Software worth $2,682,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Coupa Software in the second quarter valued at $153,000. D.A. Davidson & CO. acquired a new position in Coupa Software in the 3rd quarter valued at about $220,000. Winslow Evans & Crocker Inc. acquired a new position in Coupa Software in the 4th quarter valued at about $178,000. GSA Capital Partners LLP acquired a new position in Coupa Software in the 3rd quarter valued at about $277,000. Finally, Caxton Associates LP acquired a new position in Coupa Software in the 3rd quarter valued at about $291,000. Institutional investors and hedge funds own 94.49% of the company’s stock.
COUP traded down $0.47 during midday trading on Wednesday, hitting $75.41. The company’s stock had a trading volume of 39,415 shares, compared to its average volume of 1,139,533. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of -98.59 and a beta of 1.34. Coupa Software Inc has a 52-week low of $36.25 and a 52-week high of $84.53.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Monday, December 3rd. The technology company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.11. The company had revenue of $67.46 million during the quarter, compared to analysts’ expectations of $62.59 million. Coupa Software had a negative return on equity of 14.03% and a negative net margin of 19.93%. The firm’s revenue was up 42.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.05) EPS. Equities research analysts predict that Coupa Software Inc will post -0.72 EPS for the current year.
In other news, Director Veenendaal Frank Van sold 1,299 shares of the business’s stock in a transaction dated Thursday, January 17th. The stock was sold at an average price of $70.00, for a total transaction of $90,930.00. Following the completion of the sale, the director now owns 122,336 shares in the company, valued at approximately $8,563,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Bernshteyn sold 63,225 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $56.06, for a total value of $3,544,393.50. The disclosure for this sale can be found here. Insiders sold a total of 308,616 shares of company stock valued at $19,560,957 in the last 90 days. 6.50% of the stock is owned by company insiders.
Several brokerages recently weighed in on COUP. Zacks Investment Research raised shares of Coupa Software from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Thursday, December 6th. Cantor Fitzgerald reissued a “buy” rating and issued a $92.00 target price on shares of Coupa Software in a research note on Sunday, January 13th. Loop Capital raised shares of Coupa Software from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Friday, November 30th. UBS Group cut their target price on shares of Coupa Software from $90.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, December 4th. Finally, Barclays boosted their target price on shares of Coupa Software from $69.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 4th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Coupa Software has a consensus rating of “Buy” and a consensus price target of $67.00.
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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.
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