Hedge Funds Lick Wounds: Coupa Software Incorporated (COUP)

Coupa Software Incorporated (NASDAQ:COUP) is on recovery track with 115.76% gain from a 1-year low price of $30.65. The company added 8.42% to attain the price of $66.13 on 12/06/2018. Throughout the recent session, the prices were hovering between $58.18 and $66.29. These shares are 24.54% off its target price of $82.36 and the current market capitalization stands at $3.74B. The recent change has given its price a 1.82% lead over SMA 50 and -21.76% deficit over its 52-week high. The stock witnessed 5.29% gains, -13.87% declines and 12.03% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found COUP’s volatility during a week at 9.34% and during a month it has been found around 7.28%.

Coupa Software Incorporated (COUP) Top Holders

Institutional investors currently hold around $3.46 billion or 99.9% in COUP stock. Look at its top three institutional owners. Price T Rowe Associates Inc /Md/ owns $395.43 million in Coupa Software Incorporated, which represents roughly 10.57% of the company’s market cap and approximately 11.45% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 4,610,782 shares of the stock are valued at $281.24 million. The third largest holder is Morgan Stanley, which currently holds $227.71 million worth of this stock and that ownership represents nearly 6.09% of its market capitalization.

Coupa Software Incorporated 13F Filings

At the end of September reporting period, 139 institutional holders increased their position in Coupa Software Incorporated (NASDAQ:COUP) by some 7,676,797 shares, 89 decreased positions by 7,451,041 and 18 held positions by 41,520,458. That puts total institutional holdings at 56,648,296 shares, according to SEC filings. The stock grabbed 58 new institutional investments totaling 3,310,478 shares while 22 institutional investors sold out their entire positions totaling 935,104 shares.

Coupa Software Incorporated (NASDAQ:COUP) Insider Trades

Multiple company employees have indulged in significant insider trading. Coupa Software Incorporated disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chief Customer Officer Riggs Mark has sold 644 shares of Coupa Software Incorporated (COUP) in trading session dated Nov. 30, 2018. These shares are worth $41,860 and were traded at $65 each. The SEC filing shows that Ford Todd R performed a sale of 12,500 shares. The CFO disposed these shares by way of transaction on Nov. 19, 2018. The company’s shares were given away at $56.08 per share worth to an income of some $701,000 on account of Ford Todd R.

CEO, Bernshteyn Robert, sold 63,225 common shares of Coupa Software Incorporated (COUP) in the open market. In a transaction dated Nov. 19, 2018, the shares were put up for sale at an average price of $56.06, raking in a sum of $3,544,394. After this sale, 145,550 common shares of COUP are directly owned by the insider, with total stake valued at $9,625,222.

In the transaction dated Nov. 16, 2018, the great number of shares disposed came courtesy the Chief Revenue Officer; Winter Steven M disposed a total of 5,668 shares at an average price of $65, amounting to approximately $368,420. The insider now directly owns 1,772 shares worth $117,182.

Coupa Software Incorporated (COUP) Analyst Guide

Several analysts have released their opinion on Coupa Software Incorporated (NASDAQ:COUP), with 2 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 5 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.36 average brokerage recommendation.