SVB Wealth LLC对Coupa Software Incorporated(纳斯达克股票代码:COUP)进行新投资

SVB Wealth LLC bought a new position in Coupa Software Incorporated (NASDAQ:COUP – Get Rating) in the third quarter, Holdings Channel.com reports. The fund bought 77,039 shares of the technology company's stock, valued at approximately $4,530,000.

Other institutional investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its position in Coupa Software by 143.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 15,546 shares of the technology company's stock worth $933,000 after purchasing an additional 9,149 shares during the period. Handelsbanken Fonder AB lifted its position in shares of Coupa Software by 46.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 11,600 shares of the technology company's stock valued at $662,000 after acquiring an additional 3,701 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Coupa Software by 37.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 392,167 shares of the technology company's stock valued at $23,059,000 after acquiring an additional 106,594 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Coupa Software during the 3rd quarter valued at $480,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Coupa Software by 31.2% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,118 shares of the technology company's stock valued at $1,418,000 after acquiring an additional 5,739 shares during the last quarter. 99.09% of the stock is currently owned by institutional investors and hedge funds.

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Coupa Software Trading Up 0.0 %

Shares of COUP opened at $80.11 on Friday. The company has a debt-to-equity ratio of 7.62, a quick ratio of 1.78 and a current ratio of 1.78. Coupa Software Incorporated has a 12 month low of $40.29 and a 12 month high of $137.72. The company has a 50-day moving average price of $77.55 and a two-hundred day moving average price of $66.25.

Coupa Software (NASDAQ:COUP – Get Rating) last announced its quarterly earnings results on Monday, December 12th. The technology company reported ($0.69) EPS for the quarter, missing analysts' consensus estimates of ($0.62) by ($0.07). The business had revenue of $217.30 million for the quarter, compared to the consensus estimate of $213.31 million. Coupa Software had a negative return on equity of 45.54% and a negative net margin of 41.24%. The firm's revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.36) EPS. On average, research analysts predict that Coupa Software Incorporated will post -1.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on COUP shares. Royal Bank of Canada upgraded Coupa Software from an "underperform" rating to a "sector perform" rating and increased their price objective for the company from $55.00 to $81.00 in a research report on Monday, December 12th. Morgan Stanley dropped their price target on shares of Coupa Software from $94.00 to $75.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 22nd. DA Davidson upped their price target on shares of Coupa Software from $50.00 to $81.00 in a research note on Tuesday, December 13th. Citigroup downgraded shares of Coupa Software from a "buy" rating to a "neutral" rating and upped their price target for the stock from $66.00 to $81.00 in a research note on Wednesday, December 14th. Finally, William Blair downgraded shares of Coupa Software from an "outperform" rating to a "market perform" rating in a research note on Monday, December 12th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $79.42.

Insiders Place Their Bets

In other news, CEO Robert Bernshteyn sold 8,074 shares of the firm's stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $78.59, for a total transaction of $634,535.66. Following the completion of the sale, the chief executive officer now owns 258,929 shares of the company's stock, valued at $20,349,230.11. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO Maurizio Baratta sold 1,142 shares of the firm's stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $78.59, for a total transaction of $89,749.78. Following the completion of the sale, the chief accounting officer now owns 7,031 shares of the company's stock, valued at $552,566.29. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert Bernshteyn sold 8,074 shares of the firm's stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $78.59, for a total transaction of $634,535.66. Following the sale, the chief executive officer now directly owns 258,929 shares of the company's stock, valued at approximately $20,349,230.11. The disclosure for this sale can be found here. Insiders sold a total of 17,486 shares of company stock worth $1,374,678 over the last quarter. Company insiders own 2.20% of the company's stock.

Coupa Software Company Profile

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Coupa Software, Inc engages in the provision of business spend management (BSM) solutions. Its products include invoice, expense, pay, spend analysis, strategic sourcing, contract management contingent workforce, and supplier management. The company was founded by Noah Eisner and Dave Stephens in 2006 and is headquartered in San Mateo, CA.

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