Rhumbline Advisers Sells 4,702 Shares of Coupa (COUP)

Rhumbline Advisers cut its holdings in Coupa (NASDAQ:COUP) by 13.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,328 shares of the technology company’s stock after selling 4,702 shares during the quarter. Rhumbline Advisers’ holdings in Coupa were worth $916,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Essex Investment Management Co. LLC purchased a new stake in shares of Coupa in the 4th quarter worth about $242,000. Personal Capital Advisors Corp purchased a new stake in shares of Coupa in the 4th quarter worth about $261,000. Trexquant Investment LP purchased a new stake in shares of Coupa in the 3rd quarter worth about $274,000. Teacher Retirement System of Texas purchased a new stake in shares of Coupa in the 4th quarter worth about $283,000. Finally, Jane Street Group LLC purchased a new stake in shares of Coupa in the 3rd quarter worth about $368,000. 88.39% of the stock is currently owned by hedge funds and other institutional investors.

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NASDAQ:COUP opened at $45.62 on Friday. The company has a current ratio of 3.18, a quick ratio of 2.12 and a debt-to-equity ratio of 0.68. The stock has a market cap of $2,582.86, a price-to-earnings ratio of -60.03 and a beta of 1.29. Coupa has a 52-week low of $23.75 and a 52-week high of $50.69.

Coupa (NASDAQ:COUP) last posted its earnings results on Monday, March 12th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.17. The business had revenue of $53.80 million for the quarter, compared to analysts’ expectations of $48.64 million. Coupa had a negative net margin of 23.45% and a negative return on equity of 19.30%. The business’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.05) EPS. analysts expect that Coupa will post -1.16 EPS for the current year.

Several analysts recently commented on COUP shares. Zacks Investment Research raised shares of Coupa from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Thursday, February 8th. CIBC started coverage on shares of Coupa in a research report on Friday, December 22nd. They set an “outperform” rating and a $41.00 price objective on the stock. Raymond James Financial reissued a “buy” rating and set a $40.00 price objective on shares of Coupa in a research report on Tuesday, December 12th. Barclays raised shares of Coupa from an “equal weight” rating to an “overweight” rating and set a $38.00 price objective on the stock in a research report on Monday, January 8th. Finally, Oppenheimer started coverage on shares of Coupa in a research report on Thursday, December 21st. They set a “buy” rating and a $41.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $46.13.

In other Coupa news, CRO Steven M. Winter sold 11,336 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $48.85, for a total transaction of $553,763.60. Following the transaction, the executive now owns 12,480 shares in the company, valued at approximately $609,648. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ravi Thakur sold 11,240 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $32.04, for a total transaction of $360,129.60. Following the transaction, the insider now owns 14,306 shares in the company, valued at approximately $458,364.24. The disclosure for this sale can be found here. Insiders have sold a total of 413,159 shares of company stock worth $17,478,926 in the last 90 days. Company insiders own 32.10% of the company’s stock.

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Coupa Profile

Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend under management; and offers supporting modules, including sourcing, analytics, contract management, supplier management, inventory management, and storefront that help companies further manage their spend.

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Institutional Ownership by Quarter for Coupa (NASDAQ:COUP)

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