Nordea Investment Management AB Acquires Shares of 42,560 Coupa Software Inc (NASDAQ:COUP)

Nordea Investment Management AB bought a new stake in Coupa Software Inc (NASDAQ:COUP) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 42,560 shares of the technology company’s stock, valued at approximately $3,872,000. Nordea Investment Management AB owned about 0.07% of Coupa Software at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of COUP. Captrust Financial Advisors grew its holdings in shares of Coupa Software by 58.1% during the fourth quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock worth $28,000 after purchasing an additional 161 shares during the last quarter. PRW Wealth Management LLC purchased a new position in shares of Coupa Software during the fourth quarter worth about $34,000. FNY Investment Advisers LLC purchased a new position in shares of Coupa Software during the first quarter worth about $70,000. Advisor Group Inc. grew its holdings in shares of Coupa Software by 114.5% during the fourth quarter. Advisor Group Inc. now owns 1,521 shares of the technology company’s stock worth $96,000 after purchasing an additional 812 shares during the last quarter. Finally, Pearl River Capital LLC purchased a new position in shares of Coupa Software during the first quarter worth about $114,000. 99.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:COUP traded up $2.55 during trading on Thursday, reaching $145.77. The company had a trading volume of 1,343,385 shares, compared to its average volume of 1,548,699. Coupa Software Inc has a twelve month low of $52.01 and a twelve month high of $146.58. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of -217.57 and a beta of 1.61. The business’s fifty day moving average is $126.21. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.07 and a quick ratio of 1.07.

Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, June 3rd. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.26) by $0.29. Coupa Software had a negative net margin of 21.22% and a negative return on equity of 14.29%. The business had revenue of $81.30 million during the quarter, compared to analyst estimates of $73.85 million. During the same period in the prior year, the business earned ($0.01) earnings per share. The business’s quarterly revenue was up 44.1% on a year-over-year basis. On average, research analysts forecast that Coupa Software Inc will post -1.19 EPS for the current year.

Several brokerages have issued reports on COUP. Bank of America initiated coverage on Guangshen Railway Co. Ltd ADR Class H in a report on Wednesday, June 26th. They set an “underperform” rating on the stock. JPMorgan Chase & Co. started coverage on shares of INTL CONS AIRL/S in a research report on Tuesday, June 4th. They issued an “overweight” rating for the company. KeyCorp raised their price objective on shares of Coupa Software from $130.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday. Northland Securities raised their price objective on shares of Coupa Software from $85.00 to $150.00 and gave the company an “average” rating in a research report on Thursday, July 11th. Finally, Oppenheimer raised their price objective on shares of Carlisle Companies from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, June 18th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Coupa Software has an average rating of “Buy” and a consensus price target of $115.94.

In other news, CFO Todd R. Ford sold 12,500 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $110.21, for a total transaction of $1,377,625.00. Following the transaction, the chief financial officer now owns 30,696 shares in the company, valued at approximately $3,383,006.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Veenendaal Frank Van sold 1,299 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $105.00, for a total transaction of $136,395.00. Following the transaction, the director now owns 116,841 shares in the company, valued at approximately $12,268,305. The disclosure for this sale can be found here. Insiders have sold 333,581 shares of company stock worth $39,079,586 in the last 90 days. 5.30% of the stock is owned by company insiders.

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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