Trexquant Investment LP Takes $274,000 Position in Coupa Software (COUP)

Trexquant Investment LP purchased a new position in shares of Coupa Software (NASDAQ:COUP) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,792 shares of the technology company’s stock, valued at approximately $274,000.

A number of other large investors also recently bought and sold shares of COUP. Vanguard Group Inc. raised its stake in Coupa Software by 260.3% during the second quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock worth $78,254,000 after purchasing an additional 1,950,862 shares during the period. Victory Capital Management Inc. purchased a new position in Coupa Software during the third quarter worth approximately $24,428,000. Voya Investment Management LLC purchased a new position in Coupa Software during the second quarter worth approximately $22,196,000. Janus Henderson Group PLC purchased a new position in Coupa Software during the second quarter worth approximately $18,242,000. Finally, Federated Investors Inc. PA raised its stake in Coupa Software by 110.5% during the second quarter. Federated Investors Inc. PA now owns 1,073,100 shares of the technology company’s stock worth $31,098,000 after purchasing an additional 563,200 shares during the period. 76.68% of the stock is currently owned by institutional investors.

In other news, CRO Steven M. Winter sold 27,266 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $30.65, for a total value of $835,702.90. Following the transaction, the executive now owns 1,144 shares of the company’s stock, valued at approximately $35,063.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ravi Thakur sold 11,240 shares of Coupa Software stock in a transaction on Friday, December 1st. The stock was sold at an average price of $35.90, for a total transaction of $403,516.00. Following the sale, the insider now directly owns 13,436 shares in the company, valued at approximately $482,352.40. The disclosure for this sale can be found here. In the last three months, insiders sold 491,519 shares of company stock worth $16,224,868. Insiders own 32.10% of the company’s stock.

COUP has been the topic of a number of recent analyst reports. Northland Securities reaffirmed a “buy” rating and set a $38.00 price target on shares of Coupa Software in a research note on Thursday, August 10th. Royal Bank Of Canada increased their price target on shares of Coupa Software from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 6th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $36.00 price target on shares of Coupa Software in a research note on Wednesday, September 6th. Zacks Investment Research downgraded shares of Coupa Software from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. Finally, ValuEngine raised shares of Coupa Software from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Coupa Software has an average rating of “Hold” and a consensus target price of $35.66.

Coupa Software (COUP) opened at $32.08 on Thursday. Coupa Software has a one year low of $22.50 and a one year high of $37.72.

Coupa Software (NASDAQ:COUP) last issued its earnings results on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.06. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.71%. The business had revenue of $47.30 million for the quarter, compared to the consensus estimate of $45.02 million. During the same quarter last year, the firm posted ($0.22) EPS. The business’s revenue for the quarter was up 33.6% compared to the same quarter last year. equities analysts expect that Coupa Software will post -1 earnings per share for the current fiscal year.

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About Coupa Software

Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.

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

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