abrdn plc Has $1.06 Million Stake in Coupa Software Incorporated (NASDAQ:COUP)

abrdn plc boosted its position in shares of Coupa Software Incorporated (NASDAQ:COUPGet Rating) by 10.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,286 shares of the technology company’s stock after buying an additional 1,009 shares during the period. abrdn plc’s holdings in Coupa Software were worth $1,055,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of COUP. Montag A & Associates Inc. grew its stake in Coupa Software by 336.8% during the fourth quarter. Montag A & Associates Inc. now owns 166 shares of the technology company’s stock worth $26,000 after buying an additional 128 shares in the last quarter. Sandy Cove Advisors LLC acquired a new stake in shares of Coupa Software in the 4th quarter valued at approximately $30,000. Standard Family Office LLC acquired a new stake in shares of Coupa Software in the 4th quarter valued at approximately $32,000. Desjardins Global Asset Management Inc. acquired a new stake in shares of Coupa Software in the 4th quarter valued at approximately $37,000. Finally, UMB Bank N A MO acquired a new stake in shares of Coupa Software in the 4th quarter valued at approximately $37,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Coupa Software Stock Performance

NASDAQ:COUP opened at $68.57 on Wednesday. The company has a fifty day moving average of $63.26 and a 200-day moving average of $89.75. The firm has a market capitalization of $5.18 billion, a P/E ratio of -14.17 and a beta of 1.48. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 6.42. Coupa Software Incorporated has a twelve month low of $50.54 and a twelve month high of $270.79.

Coupa Software (NASDAQ:COUPGet Rating) last released its quarterly earnings data on Monday, June 6th. The technology company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.57) by ($0.05). The company had revenue of $196.37 million during the quarter, compared to the consensus estimate of $190.69 million. Coupa Software had a negative net margin of 47.72% and a negative return on equity of 17.87%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.57) EPS. As a group, sell-side analysts anticipate that Coupa Software Incorporated will post -2.63 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on COUP shares. UBS Group reduced their price target on shares of Coupa Software to $84.00 in a research note on Friday, June 3rd. KeyCorp dropped their price objective on shares of Coupa Software from $100.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Evercore ISI dropped their price objective on shares of Coupa Software from $140.00 to $115.00 and set an “outperform” rating for the company in a report on Tuesday, June 7th. Raymond James raised their price objective on shares of Coupa Software from $75.00 to $90.00 in a report on Tuesday, June 7th. Finally, DA Davidson started coverage on shares of Coupa Software in a report on Thursday, May 19th. They issued a “neutral” rating and a $75.00 price objective for the company. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $99.39.

Insider Activity at Coupa Software

In related news, CFO Todd R. Ford sold 1,940 shares of Coupa Software stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $55.11, for a total value of $106,913.40. Following the completion of the sale, the chief financial officer now owns 30,884 shares of the company’s stock, valued at approximately $1,702,017.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Todd R. Ford sold 1,940 shares of Coupa Software stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $55.11, for a total value of $106,913.40. Following the completion of the sale, the chief financial officer now owns 30,884 shares of the company’s stock, valued at approximately $1,702,017.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Robert Bernshteyn sold 8,076 shares of Coupa Software stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $55.11, for a total transaction of $445,068.36. Following the completion of the sale, the chief executive officer now directly owns 245,620 shares of the company’s stock, valued at approximately $13,536,118.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,095 shares of company stock valued at $832,747. 2.20% of the stock is owned by company insiders.

Coupa Software Company Profile

(Get Rating)

Coupa Software Incorporated provides cloud-based business spend management platform that connects its customers with suppliers worldwide. The company provides visibility into and control over how companies spend money, optimize supply chains, and manage liquidity, as well as enables businesses to achieve savings that drive profitability.

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

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