Coupa Software Incorporated (NASDAQ:COUP) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its position in Coupa Software Incorporated (NASDAQ:COUP) by 77.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,200 shares of the technology company’s stock after purchasing an additional 1,392 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Coupa Software were worth $701,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of COUP. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Coupa Software by 18.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,332 shares of the technology company’s stock valued at $3,494,000 after acquiring an additional 2,050 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Coupa Software by 12.6% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 12,619 shares of the technology company’s stock valued at $3,308,000 after acquiring an additional 1,413 shares during the period. Principal Financial Group Inc. increased its stake in shares of Coupa Software by 25.7% during the second quarter. Principal Financial Group Inc. now owns 9,737 shares of the technology company’s stock valued at $2,552,000 after acquiring an additional 1,989 shares during the period. JustInvest LLC increased its stake in shares of Coupa Software by 7.1% during the second quarter. JustInvest LLC now owns 1,104 shares of the technology company’s stock valued at $289,000 after acquiring an additional 73 shares during the period. Finally, Trivest Advisors Ltd acquired a new position in shares of Coupa Software during the second quarter valued at approximately $55,829,000.

Shares of NASDAQ:COUP opened at $138.44 on Friday. The firm has a fifty day moving average of $177.08 and a two-hundred day moving average of $216.01. The firm has a market capitalization of $10.34 billion, a P/E ratio of -29.46 and a beta of 1.36. Coupa Software Incorporated has a 12-month low of $134.00 and a 12-month high of $377.04. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.02.

Coupa Software (NASDAQ:COUP) last issued its earnings results on Monday, December 6th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.29. The company had revenue of $185.82 million during the quarter, compared to analyst estimates of $177.88 million. Coupa Software had a negative net margin of 49.52% and a negative return on equity of 15.58%. The company’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.34) EPS. Equities research analysts expect that Coupa Software Incorporated will post -1.94 earnings per share for the current fiscal year.

In related news, CEO Robert Bernshteyn sold 50,000 shares of Coupa Software stock in a transaction on Monday, October 18th. The shares were sold at an average price of $249.80, for a total value of $12,490,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Todd R. Ford sold 2,957 shares of Coupa Software stock in a transaction on Tuesday, December 21st. The shares were sold at an average price of $156.14, for a total transaction of $461,705.98. The disclosure for this sale can be found here. Insiders have sold a total of 118,695 shares of company stock valued at $26,568,973 in the last three months. Company insiders own 2.60% of the company’s stock.

A number of research firms recently commented on COUP. Morgan Stanley lowered their price objective on shares of Coupa Software from $337.00 to $330.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 7th. UBS Group decreased their price target on shares of Coupa Software from $310.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, November 30th. They noted that the move was a valuation call. The Goldman Sachs Group started coverage on shares of Coupa Software in a research report on Monday, December 13th. They issued a “buy” rating and a $251.00 price target on the stock. KeyCorp decreased their price target on shares of Coupa Software from $300.00 to $225.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 7th. Finally, Susquehanna Bancshares started coverage on shares of Coupa Software in a research report on Tuesday, November 16th. They issued a “positive” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $226.05.

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

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