Wipfli Financial Advisors LLC Acquires New Holdings in Coupa Software Incorporated (NASDAQ:COUP)

Wipfli Financial Advisors LLC acquired a new stake in shares of Coupa Software Incorporated (NASDAQ:COUPGet Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,010 shares of the technology company’s stock, valued at approximately $59,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COUP. Handelsbanken Fonder AB raised its position in shares of Coupa Software by 46.9% in the second quarter. Handelsbanken Fonder AB now owns 11,600 shares of the technology company’s stock valued at $662,000 after purchasing an additional 3,701 shares during the period. Kettle Hill Capital Management LLC raised its position in shares of Coupa Software by 115.8% in the second quarter. Kettle Hill Capital Management LLC now owns 115,083 shares of the technology company’s stock valued at $6,571,000 after purchasing an additional 61,744 shares during the period. Natixis raised its position in shares of Coupa Software by 354.9% in the second quarter. Natixis now owns 83,000 shares of the technology company’s stock valued at $4,739,000 after purchasing an additional 64,753 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Coupa Software by 60.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 396,079 shares of the technology company’s stock valued at $22,616,000 after purchasing an additional 149,507 shares during the period. Finally, Coronation Fund Managers Ltd. bought a new position in shares of Coupa Software in the second quarter valued at approximately $3,812,000. Institutional investors own 99.09% of the company’s stock.

Analyst Ratings Changes

COUP has been the topic of a number of recent analyst reports. Citigroup lowered shares of Coupa Software from a “buy” rating to a “neutral” rating and lifted their price target for the company from $66.00 to $81.00 in a research report on Wednesday, December 14th. Truist Financial restated a “hold” rating on shares of Coupa Software in a research note on Tuesday, December 13th. Barclays raised their price objective on shares of Coupa Software from $53.00 to $81.00 in a research note on Friday, December 16th. Morgan Stanley lowered their price objective 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. Finally, StockNews.com began coverage on shares of Coupa Software in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Coupa Software has an average rating of “Hold” and a consensus target price of $79.42.

Insider Activity

In related news, EVP Robert Glenn sold 3,076 shares of Coupa Software stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $78.59, for a total value of $241,742.84. Following the completion of the transaction, the executive vice president now directly owns 13,292 shares of the company’s stock, valued at $1,044,618.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Robert Bernshteyn sold 8,074 shares of Coupa Software stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $78.59, for a total value of $634,535.66. Following the completion of the transaction, the chief executive officer now directly 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 Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert Glenn sold 3,076 shares of Coupa Software stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $78.59, for a total value of $241,742.84. Following the completion of the transaction, the executive vice president now directly owns 13,292 shares of the company’s stock, valued at $1,044,618.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,190 shares of company stock worth $1,350,998. Corporate insiders own 2.20% of the company’s stock.

Coupa Software Stock Up 0.2 %

Shares of NASDAQ:COUP opened at $79.42 on Friday. Coupa Software Incorporated has a 52 week low of $40.29 and a 52 week high of $143.11. The company has a debt-to-equity ratio of 7.62, a quick ratio of 1.78 and a current ratio of 1.78. The company’s fifty day moving average is $67.13 and its 200-day moving average is $63.81. The company has a market capitalization of $6.05 billion, a PE ratio of -17.77 and a beta of 1.22.

Coupa Software (NASDAQ:COUPGet Rating) last issued its earnings results on Monday, December 12th. The technology company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.62) by ($0.07). Coupa Software had a negative net margin of 41.24% and a negative return on equity of 38.56%. The firm had revenue of $217.30 million during the quarter, compared to analyst estimates of $213.31 million. During the same quarter in the prior year, the firm posted ($0.36) EPS. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis.

Coupa Software 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.

See Also

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

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