Natixis raised its stake in shares of Coupa Software Incorporated (NASDAQ:COUP) by 68.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,656 shares of the technology company’s stock after buying an additional 46,169 shares during the quarter. Natixis’ holdings in Coupa Software were worth $29,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of COUP. Jacobi Capital Management LLC purchased a new position in shares of Coupa Software in the second quarter valued at $30,000. SRS Capital Advisors Inc. bought a new stake in Coupa Software in the second quarter worth $34,000. Liberty Wealth Management LLC lifted its position in Coupa Software by 26,110.5% in the second quarter. Liberty Wealth Management LLC now owns 9,960 shares of the technology company’s stock worth $38,000 after buying an additional 9,922 shares during the last quarter. Penserra Capital Management LLC lifted its position in Coupa Software by 39.2% in the second quarter. Penserra Capital Management LLC now owns 238 shares of the technology company’s stock worth $62,000 after buying an additional 67 shares during the last quarter. Finally, Tsfg LLC bought a new stake in Coupa Software in the second quarter worth $63,000.
In other news, CFO Anthony D. Tiscornia sold 1,093 shares of the stock in a transaction on Tuesday, September 21st. The stock was sold at an average price of $246.01, for a total transaction of $268,888.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Bernshteyn sold 50,000 shares of the stock in a transaction dated Monday, July 19th. The stock was sold at an average price of $219.29, for a total value of $10,964,500.00. Following the transaction, the chief executive officer now directly owns 269,445 shares in the company, valued at approximately $59,086,594.05. The disclosure for this sale can be found here. Insiders have sold 170,783 shares of company stock valued at $38,565,550 over the last quarter. 2.60% of the stock is owned by company insiders.
Shares of Coupa Software stock traded up $17.67 on Thursday, reaching $255.69. 3,869 shares of the stock were exchanged, compared to its average volume of 1,015,826. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.97. Coupa Software Incorporated has a twelve month low of $203.51 and a twelve month high of $377.04. The business has a 50 day moving average price of $232.45 and a two-hundred day moving average price of $240.80.
Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Monday, September 6th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.32. The company had revenue of $179.25 million during the quarter, compared to the consensus estimate of $162.98 million. Coupa Software had a negative return on equity of 17.63% and a negative net margin of 48.86%. Coupa Software’s revenue for the quarter was up 42.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. Sell-side analysts anticipate that Coupa Software Incorporated will post -2.45 EPS for the current year.
Coupa Software Profile
Coupa Software, Inc engages in the provision of business spend management (BSM) solutions. Its products include invoice, expense, 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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