Coupa Software Incorporated (NASDAQ:COUP) Shares Sold by First Republic Investment Management Inc.

Coupa Software Incorporated (NASDAQ:COUP) Shares Sold by First Republic Investment Management Inc.

Coupa Software logoFirst Republic Investment Management Inc. trimmed its position in shares of Coupa Software Incorporated (NASDAQ:COUP – Get Rating) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,678 shares of the technology company’s stock after selling 268 shares during the period. First Republic Investment Management Inc.’s holdings in Coupa Software were worth $275,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Heritage Wealth Advisors acquired a new stake in shares of Coupa Software during the 2nd quarter worth $41,000. Sentry Investment Management LLC acquired a new stake in shares of Coupa Software during the 3rd quarter worth $43,000. Advisors Asset Management Inc. boosted its position in Coupa Software by 56.9% during the 1st quarter. Advisors Asset Management Inc. now owns 965 shares of the technology company’s stock worth $98,000 after purchasing an additional 350 shares during the period. Wipfli Financial Advisors LLC purchased a new stake in Coupa Software during the 3rd quarter worth $59,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Coupa Software during the 1st quarter worth $139,000. 99.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equity analysts have weighed in on the stock. Piper Sandler reissued an “underweight” rating on shares of Coupa Software in a research report on Tuesday, December 13th. William Blair lowered shares of Coupa Software from an “outperform” rating to a “market perform” rating in a research note on Monday, December 12th. Canaccord Genuity Group restated a “hold” rating and issued a $81.00 price target (down previously from $100.00) on shares of Coupa Software in a research note on Thursday, December 22nd. Royal Bank of Canada upgraded shares of Coupa Software from an “underperform” rating to a “sector performing” rating and raised their price target for the company from $55.00 to $81.00 in a research note on Monday, December 12th. Finally, Barclays increased their price objective on shares of Coupa Software from $53.00 to $81.00 in a report on Friday, December 16th. Three equity research analysts have rated the stock with a sell rating, sixteen have been given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $79.42.

Insider Activity at Coupa Software

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In related news, CAO Maurizio Baratta sold 1,142 shares of the business’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 transaction, the chief accounting officer now owns 7,031 shares in the company, valued at $552,566.29. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Maurizio Baratta sold 1,142 shares of the company’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 value of $89,749.78. Following the completion of the transaction, the chief accounting officer now owns 7,031 shares in the company, valued at $552,566.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. Also, CEO Robert Bernshteyn sold 8,074 shares of the company’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 transaction, the chief executive officer now 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. Over the last 90 days, insiders sold 17,486 shares of company stock worth $1,374,678. 2.20% of the stock is currently owned by company insiders.

Coupa Software Stock Up 0.1 %

Shares of NASDAQ COUP opened at $80.10 on Friday. The stock has a market cap of $6.05 billion, a P/E ratio of -17.92 and a beta of 1.16. The firm has a 50 day moving average price of $77.24 and a 200 day moving average price of $66.15. 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 52-week low of $40.29 and a 52-week high of $140.91.

Coupa Software (NASDAQ:COUP – Get Rating) last issued its quarterly earnings data on Monday, December 12th. The technology company reported earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.07). The firm had revenue of $217.30 million for the quarter, compared to analyst estimates of $213.31 million. Coupa Software had a negative net margin of 41.24% and a negative return on equity of 45.54%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.36) EPS. Analysts expect that Coupa Software Incorporated will post -1.81 EPS for the current year.

About Coupa Software

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Coupa Software, Inc engages in the provision of business spend management (BSM) solutions. Its products include invoices, expenses, 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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Institutional Ownership by Quarter for Coupa Software (NASDAQ:COUP)

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