American Century Companies Inc. Invests $4.58 Million in Coupa Software Inc (COUP) Stock

American Century Companies Inc. purchased a new position in shares of Coupa Software Inc (NASDAQ:COUP) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 57,933 shares of the technology company’s stock, valued at approximately $4,583,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chicago Equity Partners LLC purchased a new stake in shares of Coupa Software in the third quarter valued at approximately $4,549,000. Engineers Gate Manager LP raised its holdings in Coupa Software by 20.9% during the third quarter. Engineers Gate Manager LP now owns 117,955 shares of the technology company’s stock worth $9,330,000 after purchasing an additional 20,410 shares during the last quarter. Moody Aldrich Partners LLC raised its holdings in Coupa Software by 19.2% during the third quarter. Moody Aldrich Partners LLC now owns 67,890 shares of the technology company’s stock worth $5,370,000 after purchasing an additional 10,946 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Coupa Software by 15.0% during the third quarter. State Board of Administration of Florida Retirement System now owns 20,525 shares of the technology company’s stock worth $1,624,000 after purchasing an additional 2,670 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC raised its holdings in Coupa Software by 7.2% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 236,526 shares of the technology company’s stock worth $18,709,000 after purchasing an additional 15,918 shares during the last quarter. 97.10% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on the company. Loop Capital lifted their price objective on Coupa Software to $72.00 and gave the stock a “hold” rating in a report on Wednesday, September 5th. Northland Securities cut Coupa Software from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 11th. Zacks Investment Research raised Coupa Software from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Friday, September 7th. Cantor Fitzgerald boosted their price target on Coupa Software from $67.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, September 5th. Finally, Raymond James boosted their price target on Coupa Software from $60.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, September 5th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $63.69.

In related news, CEO Robert Bernshteyn sold 63,225 shares of the company’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $56.06, for a total value of $3,544,393.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Veenendaal Frank Van sold 1,000 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the transaction, the director now owns 123,635 shares of the company’s stock, valued at $9,927,890.50. The disclosure for this sale can be found here. Insiders sold 293,604 shares of company stock valued at $19,708,143 over the last quarter. Insiders own 6.50% of the company’s stock.

Coupa Software stock opened at $56.87 on Friday. The firm has a market capitalization of $3.31 billion, a P/E ratio of -74.83 and a beta of 1.79. Coupa Software Inc has a 52 week low of $30.65 and a 52 week high of $84.53.

Coupa Software (NASDAQ:COUP) last released its earnings results on Tuesday, September 4th. The technology company reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.13. The firm had revenue of $61.65 million during the quarter, compared to analyst estimates of $56.61 million. Coupa Software had a negative return on equity of 16.73% and a negative net margin of 22.52%. Equities analysts predict that Coupa Software Inc will post -0.98 EPS for the current fiscal year.

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About Coupa Software

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; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.

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

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