Coupa Software Inc (COUP) is Sylebra HK Co Ltd’s 2nd Largest Position
Sylebra HK Co Ltd trimmed its position in Coupa Software Inc (NASDAQ:COUP) by 14.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,382,275 shares of the technology company’s stock after selling 580,033 shares during the period. Coupa Software makes up about 12.6% of Sylebra HK Co Ltd’s portfolio, making the stock its 2nd largest holding. Sylebra HK Co Ltd owned 5.97% of Coupa Software worth $154,299,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Whale Rock Capital Management LLC acquired a new stake in shares of Coupa Software during the 1st quarter valued at $88,552,000. Diker Management LLC acquired a new stake in shares of Coupa Software during the 1st quarter valued at $4,279,000. A.R.T. Advisors LLC lifted its position in shares of Coupa Software by 42.7% during the 1st quarter. A.R.T. Advisors LLC now owns 19,395 shares of the technology company’s stock valued at $884,000 after acquiring an additional 5,800 shares during the last quarter. UBS Group AG lifted its position in shares of Coupa Software by 129.1% during the 1st quarter. UBS Group AG now owns 13,817 shares of the technology company’s stock valued at $630,000 after acquiring an additional 7,785 shares during the last quarter. Finally, Temasek Holdings Private Ltd acquired a new stake in shares of Coupa Software during the 1st quarter valued at $1,087,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.
In other news, CFO Todd R. Ford sold 112,500 shares of the company’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $46.21, for a total value of $5,198,625.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert Bernshteyn sold 63,225 shares of the company’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $46.46, for a total transaction of $2,937,433.50. Following the completion of the transaction, the chief executive officer now directly owns 197,244 shares in the company, valued at $9,163,956.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 438,732 shares of company stock worth $22,023,141. Company insiders own 6.50% of the company’s stock.
Coupa Software (NASDAQ:COUP) last announced its earnings results on Monday, June 4th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.10. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 19.17%. The company had revenue of $56.35 million for the quarter, compared to the consensus estimate of $51.33 million. During the same period in the previous year, the business earned ($0.09) EPS. The company’s revenue was up 37.0% on a year-over-year basis. equities research analysts anticipate that Coupa Software Inc will post -1.11 earnings per share for the current year.
A number of brokerages have recently commented on COUP. Zacks Investment Research downgraded Coupa Software from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Raymond James increased their price objective on Coupa Software from $52.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, June 5th. Needham & Company LLC increased their price objective on Coupa Software from $55.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday, June 5th. Morgan Stanley increased their price objective on Coupa Software from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 5th. Finally, SunTrust Banks increased their price objective on Coupa Software to $65.00 and gave the company a “buy” rating in a research report on Tuesday, June 5th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Coupa Software presently has a consensus rating of “Buy” and an average price target of $53.06.
Coupa Software 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; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.
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