Meeder Asset Management Inc. increased its position in Coupa Software Inc (NASDAQ:COUP) by 2,855.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 266 shares of the technology company’s stock after purchasing an additional 257 shares during the quarter. Meeder Asset Management Inc.’s holdings in Coupa Software were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in COUP. Carroll Financial Associates Inc. purchased a new position in shares of Coupa Software in the fourth quarter valued at $38,000. Nisa Investment Advisors LLC boosted its stake in Coupa Software by 173.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 315 shares of the technology company’s stock valued at $46,000 after acquiring an additional 200 shares during the last quarter. Security National Trust Co. bought a new position in Coupa Software during the 4th quarter valued at $59,000. Mine & Arao Wealth Creation & Management LLC. bought a new position in Coupa Software during the 4th quarter valued at $66,000. Finally, GQ Asset Management LLC bought a new position in Coupa Software during the 3rd quarter valued at $103,000.
In other Coupa Software news, Director Veenendaal Frank Van sold 1,299 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $115.00, for a total transaction of $149,385.00. Following the transaction, the director now owns 72,592 shares of the company’s stock, valued at approximately $8,348,080. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Roger S. Siboni sold 11,612 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $175.00, for a total transaction of $2,032,100.00. Following the transaction, the director now directly owns 19,919 shares in the company, valued at approximately $3,485,825. The disclosure for this sale can be found here. In the last three months, insiders have sold 149,260 shares of company stock worth $23,812,904. 5.30% of the stock is owned by corporate insiders.
Shares of COUP stock traded up $11.60 during trading hours on Thursday, reaching $142.72. The stock had a trading volume of 1,061,719 shares, compared to its average volume of 2,381,537. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.82 and a quick ratio of 2.11. Coupa Software Inc has a twelve month low of $85.90 and a twelve month high of $178.00. The firm has a 50-day simple moving average of $148.87 and a 200-day simple moving average of $147.88. The firm has a market capitalization of $9.06 billion, a PE ratio of -97.75 and a beta of 1.48.
Coupa Software (NASDAQ:COUP) last released its quarterly earnings data on Monday, March 16th. The technology company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.16. Coupa Software had a negative net margin of 23.31% and a negative return on equity of 10.01%. The business had revenue of $111.45 million for the quarter, compared to analysts’ expectations of $102.51 million. During the same quarter last year, the company earned $0.05 EPS. The company’s revenue for the quarter was up 48.8% compared to the same quarter last year. On average, equities analysts anticipate that Coupa Software Inc will post -0.94 earnings per share for the current year.
A number of research analysts have commented on the stock. Bank of America increased their price objective on shares of Coupa Software from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Citigroup reduced their price objective on shares of Coupa Software from $175.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Royal Bank of Canada reduced their price objective on shares of Coupa Software from $190.00 to $140.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 17th. Wedbush increased their price objective on shares of Coupa Software from $137.00 to $176.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Finally, Raymond James reduced their price objective on shares of Coupa Software from $170.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 17th. Nine equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Coupa Software currently has an average rating of “Buy” and an average target price of $148.28.
Coupa Software Company Profile
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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