Glynn Capital Management LLC Boosts Stock Position in Coupa Software Inc (NASDAQ:COUP)

Glynn Capital Management LLC raised its position in shares of Coupa Software Inc (NASDAQ:COUP) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 178,821 shares of the technology company’s stock after acquiring an additional 7,592 shares during the quarter. Coupa Software makes up approximately 4.2% of Glynn Capital Management LLC’s holdings, making the stock its 9th largest position. Glynn Capital Management LLC owned 0.28% of Coupa Software worth $23,170,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Advantage Investment Management LLC bought a new stake in shares of Coupa Software in the 2nd quarter worth approximately $25,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Coupa Software in the 2nd quarter worth approximately $40,000. Destination Wealth Management bought a new stake in shares of Coupa Software in the 2nd quarter worth approximately $44,000. Neuburgh Advisers LLC boosted its position in shares of Coupa Software by 100.0% in the 2nd quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock worth $45,000 after purchasing an additional 176 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Coupa Software by 39.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock worth $51,000 after purchasing an additional 115 shares in the last quarter.

COUP traded up $1.60 during mid-day trading on Friday, reaching $130.34. 1,033,100 shares of the company traded hands, compared to its average volume of 1,689,180. The stock has a market capitalization of $8.19 billion, a P/E ratio of -194.54 and a beta of 1.58. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 1.25. The company’s fifty day moving average price is $138.65 and its 200-day moving average price is $129.14. Coupa Software Inc has a 52-week low of $52.01 and a 52-week high of $159.97.

Coupa Software (NASDAQ:COUP) last announced its earnings results on Tuesday, September 3rd. The technology company reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.19. The business had revenue of $95.00 million during the quarter, compared to analyst estimates of $85.38 million. Coupa Software had a negative net margin of 20.91% and a negative return on equity of 13.73%. The company’s quarterly revenue was up 54.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 EPS. As a group, sell-side analysts forecast that Coupa Software Inc will post -1.01 earnings per share for the current fiscal year.

COUP has been the topic of a number of analyst reports. FBN Securities initiated coverage on Coupa Software in a research report on Tuesday, September 17th. They issued an “outperform” rating and a $165.00 price target on the stock. JPMorgan Chase & Co. set a $90.00 price target on Coupa Software and gave the stock a “hold” rating in a research report on Friday, August 30th. Citigroup started coverage on Coupa Software in a research report on Friday, October 25th. They issued a “neutral” rating and a $141.00 price objective on the stock. Wedbush upped their price objective on Coupa Software from $168.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, September 4th. Finally, Zacks Investment Research cut Coupa Software from a “buy” rating to a “hold” rating in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $153.50.

In other news, insider Anthony D. Tiscornia sold 260 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $136.50, for a total value of $35,490.00. Following the completion of the sale, the insider now directly owns 260 shares in the company, valued at approximately $35,490. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Steven M. Winter sold 11,336 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $135.32, for a total value of $1,533,987.52. Following the completion of the sale, the executive now owns 14,766 shares of the company’s stock, valued at $1,998,135.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 313,313 shares of company stock valued at $43,424,455. Company insiders own 5.30% of the company’s stock.

About Coupa Software

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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