Coupa Software Inc (NASDAQ:COUP) Stock Holdings Lessened by Abner Herrman & Brock LLC

Abner Herrman & Brock LLC reduced its position in shares of Coupa Software Inc (NASDAQ:COUP) by 10.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,800 shares of the technology company’s stock after selling 200 shares during the period. Abner Herrman & Brock LLC’s holdings in Coupa Software were worth $233,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Great West Life Assurance Co. Can increased its stake in shares of Coupa Software by 15.9% in the first quarter. Great West Life Assurance Co. Can now owns 5,990 shares of the technology company’s stock worth $543,000 after acquiring an additional 822 shares during the last quarter. Advisor Group Inc. increased its stake in shares of Coupa Software by 602.6% in the first quarter. Advisor Group Inc. now owns 10,686 shares of the technology company’s stock worth $972,000 after acquiring an additional 9,165 shares during the last quarter. Swiss National Bank increased its stake in shares of Coupa Software by 5.0% in the first quarter. Swiss National Bank now owns 84,600 shares of the technology company’s stock worth $7,697,000 after acquiring an additional 4,000 shares during the last quarter. O Shares Investment Advisers LLC acquired a new position in shares of Coupa Software in the first quarter worth $496,000. Finally, Optima Fund Management LLC acquired a new position in shares of Coupa Software in the first quarter worth $1,344,000.

In related news, CAO Anthony D. Tiscornia sold 1,325 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $144.19, for a total value of $191,051.75. Following the completion of the transaction, the chief accounting officer now owns 1,424 shares of the company’s stock, valued at $205,326.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anthony D. Tiscornia sold 260 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $136.50, for a total transaction of $35,490.00. Following the completion of the transaction, the insider now directly owns 260 shares of the company’s stock, valued at approximately $35,490. The disclosure for this sale can be found here. In the last quarter, insiders sold 296,718 shares of company stock valued at $41,491,036. 5.30% of the stock is owned by corporate insiders.

COUP stock traded up $3.46 during mid-day trading on Friday, reaching $157.10. 73,089 shares of the stock traded hands, compared to its average volume of 2,332,593. 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 Inc has a 52 week low of $52.01 and a 52 week high of $156.16. The business has a 50-day moving average of $139.96 and a two-hundred day moving average of $122.76. The firm has a market capitalization of $8.97 billion, a PE ratio of -234.16 and a beta of 1.58.

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

A number of brokerages recently issued reports on COUP. SunTrust Banks set a $170.00 price objective on shares of Coupa Software and gave the stock a “buy” rating in a report on Tuesday, September 24th. Oppenheimer upped their price objective on shares of Coupa Software from $160.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, September 4th. Goldman Sachs Group upped their price objective on shares of Coupa Software from $140.00 to $174.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Northland Securities set a $150.00 price objective on shares of Coupa Software and gave the stock a “hold” rating in a report on Wednesday, September 4th. Finally, Evercore ISI began coverage on shares of Coupa Software in a report on Thursday, September 26th. They issued an “outperform” rating and a $180.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Coupa Software has an average rating of “Buy” and an average target price of $154.90.

Coupa Software 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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