Moody Aldrich Partners LLC Decreases Stock Position in Coupa Software Inc (NASDAQ:COUP)

Moody Aldrich Partners LLC lessened its stake in Coupa Software Inc (NASDAQ:COUP) by 40.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 987 shares of the technology company’s stock after selling 663 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Coupa Software were worth $273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COUP. Morgan Stanley boosted its holdings in Coupa Software by 9.4% in the 1st quarter. Morgan Stanley now owns 8,338,809 shares of the technology company’s stock worth $1,165,182,000 after acquiring an additional 714,802 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Coupa Software in the 1st quarter valued at approximately $89,629,000. Alliancebernstein L.P. raised its position in shares of Coupa Software by 638.2% in the 1st quarter. Alliancebernstein L.P. now owns 529,387 shares of the technology company’s stock valued at $73,971,000 after purchasing an additional 457,677 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Coupa Software by 6,249.3% in the 1st quarter. Frontier Capital Management Co. LLC now owns 333,339 shares of the technology company’s stock valued at $46,577,000 after purchasing an additional 328,089 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Coupa Software in the 2nd quarter valued at approximately $73,636,000.

In other news, insider Mark Riggs sold 929 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $290.43, for a total value of $269,809.47. Following the completion of the transaction, the insider now owns 644 shares of the company’s stock, valued at $187,036.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Anthony D. Tiscornia sold 1,449 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $260.60, for a total value of $377,609.40. Following the completion of the transaction, the chief accounting officer now directly owns 1,028 shares of the company’s stock, valued at approximately $267,896.80. The disclosure for this sale can be found here. In the last three months, insiders sold 248,645 shares of company stock valued at $59,433,394. Company insiders own 3.40% of the company’s stock.

A number of brokerages have issued reports on COUP. Barclays upped their target price on Coupa Software from $201.00 to $250.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 14th. They noted that the move was a valuation call. Zacks Investment Research lowered Coupa Software from a “buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. lowered Coupa Software from a “neutral” rating to an “underweight” rating and set a $100.00 target price on the stock. in a research report on Thursday, April 23rd. Needham & Company LLC upped their target price on Coupa Software from $136.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Finally, KeyCorp upped their target price on Coupa Software from $320.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $213.04.

COUP traded up $3.52 during trading on Friday, reaching $306.45. 728,525 shares of the company were exchanged, compared to its average volume of 1,441,465. The firm has a 50 day moving average of $281.15 and a 200 day moving average of $196.80. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.03 and a quick ratio of 2.03. Coupa Software Inc has a 52 week low of $99.01 and a 52 week high of $317.93.

Coupa Software (NASDAQ:COUP) last issued its quarterly earnings data on Monday, June 8th. The technology company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.13. The firm had revenue of $119.21 million during the quarter, compared to the consensus estimate of $111.84 million. Coupa Software had a negative return on equity of 8.12% and a negative net margin of 19.92%. The firm’s revenue was up 46.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 EPS. On average, research analysts forecast that Coupa Software Inc will post -0.88 earnings per share for the current 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.

Further Reading: Why Invest in Dividend Achievers?

Want to see what other hedge funds are holding COUP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coupa Software Inc (NASDAQ:COUP).

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.