FNY Investment Advisers LLC Has $64,000 Stake in Coupa Software Inc (NASDAQ:COUP)

FNY Investment Advisers LLC trimmed its position in shares of Coupa Software Inc (NASDAQ:COUP) by 20.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 500 shares of the technology company’s stock after selling 130 shares during the quarter. FNY Investment Advisers LLC’s holdings in Coupa Software were worth $64,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Morgan Stanley raised its stake in shares of Coupa Software by 1.9% in the 2nd quarter. Morgan Stanley now owns 5,752,089 shares of the technology company’s stock valued at $728,271,000 after acquiring an additional 105,486 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Coupa Software by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,394,454 shares of the technology company’s stock valued at $682,992,000 after acquiring an additional 51,060 shares in the last quarter. Whale Rock Capital Management LLC raised its stake in shares of Coupa Software by 14.6% in the 2nd quarter. Whale Rock Capital Management LLC now owns 3,141,702 shares of the technology company’s stock valued at $397,771,000 after acquiring an additional 399,401 shares in the last quarter. Viking Global Investors LP bought a new position in shares of Coupa Software in the 2nd quarter valued at approximately $126,336,000. Finally, Invesco Ltd. raised its stake in shares of Coupa Software by 361.4% in the 2nd quarter. Invesco Ltd. now owns 899,663 shares of the technology company’s stock valued at $113,906,000 after acquiring an additional 704,683 shares in the last quarter.

In related news, CRO Steven M. Winter sold 593 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $142.54, for a total transaction of $84,526.22. Following the completion of the transaction, the executive now directly owns 4,002 shares of the company’s stock, valued at $570,445.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anthony D. Tiscornia sold 260 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $136.50, for a total value of $35,490.00. Following the transaction, the insider now directly owns 260 shares of the company’s stock, valued at $35,490. The disclosure for this sale can be found here. Insiders have sold a total of 308,053 shares of company stock worth $42,760,268 in the last three months. 5.30% of the stock is owned by insiders.

Shares of NASDAQ COUP opened at $134.93 on Tuesday. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 1.25. The business’s 50 day moving average is $138.48 and its two-hundred day moving average is $127.01. Coupa Software Inc has a 12 month low of $52.01 and a 12 month high of $159.97.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings data on Tuesday, September 3rd. The technology company reported ($0.25) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.19. Coupa Software had a negative return on equity of 13.73% and a negative net margin of 20.91%. The company had revenue of $95.00 million for the quarter, compared to analyst estimates of $85.38 million. During the same quarter last year, the firm earned $0.05 EPS. Coupa Software’s revenue for the quarter was up 54.0% compared to the same quarter last year. On average, equities research analysts expect that Coupa Software Inc will post -1.02 EPS for the current year.

COUP has been the topic of a number of recent analyst reports. TheStreet raised Coupa Software from a “d+” rating to a “c” rating in a research note on Monday, October 7th. Citigroup initiated coverage on Coupa Software in a research note on Friday. They issued a “neutral” rating and a $141.00 price objective on the stock. Goldman Sachs Group raised their price objective on Coupa Software from $140.00 to $174.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Mizuho initiated coverage on Coupa Software in a research note on Thursday, October 10th. They issued a “neutral” rating and a $140.00 price objective on the stock. Finally, Canaccord Genuity initiated coverage on Coupa Software in a research note on Thursday, September 12th. They issued a “buy” rating and a $171.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $153.65.

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

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