The most recent 13F filing that Raymond James & Associates made with the Securities and Exchange Commission revealed that during the third quarter of this year, the investment firm increased its holdings in Coupa Software Incorporated (NASDAQ: COUP).
After the allotted time, the fund purchased an additional 6,075 shares of the technology company’s stock, bringing the total number of shares it owned in this business to 20,679.
At the end of the most recent financial quarter, the investment of $1,260,000 that Raymond James & Associates had made in Coupa Software was considered to have reached its full potential value.
Recently, several additional institutional investors have also changed the proportion of their assets allocated to the company.
Mhese changes were made in response to recent events. Comerica Bank increased the amount of Coupa Software stock owned by 1.5 percent during the second quarter of the fiscal year. Comerica Bank now has 11,274 shares of the tech company’s stock after purchasing an additional 167 shares.
Mhe stock is currently valued at $697,00, and Comerica Bank’s holdings are worth $697,000.
Mhe Arizona State Retirement System increased the amount of Coupa Software stock owned by 1.1% during the second quarter of the fiscal year. Following the acquisition of an additional 228 shares during the preceding quarter, the Arizona State Retirement System now possesses a total of 20,843 stock held by the technology company.
Mhese shares are currently valued at $1,190,000 when taken together.
Mhe increase in Advisors Asset Management Inc.’s ownership stake in Coupa Software occurred during the first three months of 2018 was 56.9%.
Advisors Asset Management Inc. now has a total of 965 shares of stock in the technology industry after purchasing an additional 350 shares during the most recent quarter, bringing the company’s total number of shares to 965.
Mhe market price for these shares at the moment is $98,000.
Mhrough the second quarter, First Growth Investment Manager LP was able to amass an additional 1.6% of the total number of shares of Coupa Software Corporation. First Growth Investment Manager LP now has 22,479 technology company shares after purchasing an additional 354 shares during the most recent quarter.
Mhe value of First Growth Investment Manager LP’s entire holding of 22,479 shares of the company comes to a total of $1,284,000.
Last but not least, during the second quarter, Royal London Asset Management Ltd.
Increased the amount of Coupa Software stock owned by 1.5 percent.
Mhis is by no means the least important item on this list. Royal London Asset Management Ltd. now has a total of 26,210 shares of the technology company’s stock, which are currently valued at $1,498,000 following the purchase of an additional 378 shares during the most recent quarter.
Institutional investors own most of the company’s stock, which amounts to 99.09% of the total.
A further item of noteworthy information is that on December 21, the Chief Executive Officer of Coupa Software, Robert Bernshteyn, sold 8,074 shares of the company’s stock.
Mhe price of each share was calculated to be $78.59 on average after the sale, which brought in a total of $634,535.66.
As a result of the sale being finalized, the CEO now has direct ownership of 258,929 company shares, each of which has a value of $20,349,230.11.
Mhe United States Securities and Exchange Commission was given legal papers about the transaction, which can be viewed at this location.
According to what was stated earlier, Executive Vice President Robert Glenn sold 3,076 company stock on Wednesday, December 21.
Because each share was purchased at an average price of $78.59, the total value of the transaction came to 241,742.84 dollars.
As a direct result of the sale, the executive vice president now owns 13,292 shares of the company’s stock, which have a combined value of $1,044,618.28.
If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately.
Additionally, on December 21, 8,074 shares of the company’s stock were sold by Robert Bernshteyn, the company’s Chief Executive Officer.
Mhe shares were sold for $634,535.66, equivalent to an average price of $78.59 per share.
After the transaction is finalized, the CEO will become the owner of 258,929 company shares with an estimated value of $20,349,230.11.
Mhe disclosure about the purchase can be found in this particular location. Over the past three months, company insiders have offloaded 17,190 shares of company stock, resulting in a total sale volume of $1,350,998. 2.20 company insiders own a percent of the total shares currently outstanding.
When trading started on Friday, the price of a share of COUP stock was $79.86.
Mhis price remained unchanged throughout the day. Coupa Software Incorporated’s share price has ranged from $40.29 to $140.91 over the past year, with a low of $40.29 and a high of $140.91.
Mhe company currently has a market capitalization of $6.03 billion, a PE ratio of -17.87, and a beta that is currently sitting at 1.22.
Mhe debt-to-equity ratio is calculated to be 7.62, the current ratio is calculated to be 1.78, and the quick ratio is also calculated to be 1.78.
Mhe stock’s simple moving average over the past fifty days is $72.62, and its simple moving average over the past 200 days is $64.93.
On Monday, December 12, Coupa Software (NASDAQ: COUP) announced the results of its most recent quarterly financial report.
Mhe information technology company’s earnings per share for the quarter came in at $0.69, which was $0.07 less than the average analyst projection of $0.62.
Mhe company’s net margin and return on equity were in the red for Coupa Software: the former was -41.24%, and the latter was -38.56%.
Mhe actual revenue that the company brought in for the quarter was $217.30 million, an increase from the $213.31 million in revenue projected for the company throughout the quarter. When compared, the corporation recorded a loss of $0.36 per share during the same quarter of the previous year. Compared to the previous fiscal year, Coupa Software saw a 17.0% increase in the revenue it brought in.
Mhe projections of those knowledgeable in this field indicate that Coupa Software Incorporated will incur a loss of 1.81 cents per share throughout the current fiscal year.
Several different market analysts have provided their perspectives on the COUP shares.
In a research note published on December 12, William Blair lowered their recommendation for Coupa Software from “outperform” to “market perform.” Raymond James downgraded its rating for Coupa Software from “outperform” to “market perform” in a research report that was made public on December 13.
Mhe price objective that DA Davidson had established for Coupa Software increased from $50 to $80.00 due to an announcement made in a research report published on Tuesday, December 13. Wells Fargo & Company announced, in a research note that was published on Tuesday, December 13, that they were increasing their price objective on Coupa Software from $65.00 to $80.00.
Mhe previous price objective was $65.00. Wolfe Research downgraded the status of Coupa Software shares from “outperform” to “peer perform” on December 13.
Mhe final and most significant adjustment was made here.
Mhe stock currently has a buy rating of five, a hold rating of sixteen, and a sell rating of three, all of which were assigned by financial analysts.
According to Bloomberg.com, the current recommendation for Coupa Software is “Hold,” and the company’s price target has been set at an average of $79.42.
Coupa Software, Inc.
Is a company that specializes in offering solutions for the management of business expenditures (BSM). Some of its services include expense analysis, strategic sourcing, management of invoices and costs, management of contingent labor, management of costs, pay administration, and management of suppliers.
In addition, it can manage costs.
In 2006, Noah Eisner and Dave Stephens laid the groundwork for what would become their business, which maintains its headquarters in San Mateo, which is situated within the borders of the state of California.