Barton Investment Management Sells 12,145 Shares of Coupa Software Incorporated (NASDAQ:COUP)

Barton Investment Management decreased its position in shares of Coupa Software Incorporated (NASDAQ:COUPGet Rating) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 220,917 shares of the technology company’s stock after selling 12,145 shares during the quarter. Coupa Software makes up 2.5% of Barton Investment Management’s holdings, making the stock its 12th largest holding. Barton Investment Management’s holdings in Coupa Software were worth $12,614,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Coupa Software by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 6,810,191 shares of the technology company’s stock worth $692,120,000 after buying an additional 77,434 shares in the last quarter. Brown Advisory Inc. boosted its position in Coupa Software by 33.7% during the first quarter. Brown Advisory Inc. now owns 2,733,964 shares of the technology company’s stock valued at $291,838,000 after purchasing an additional 689,568 shares in the last quarter. Select Equity Group L.P. boosted its position in Coupa Software by 40.5% during the fourth quarter. Select Equity Group L.P. now owns 1,963,876 shares of the technology company’s stock valued at $310,391,000 after purchasing an additional 565,995 shares in the last quarter. Mackenzie Financial Corp boosted its position in Coupa Software by 41,503.9% during the first quarter. Mackenzie Financial Corp now owns 1,622,967 shares of the technology company’s stock valued at $164,942,000 after purchasing an additional 1,619,066 shares in the last quarter. Finally, William Blair Investment Management LLC raised its stake in Coupa Software by 1,237.4% in the first quarter. William Blair Investment Management LLC now owns 1,595,093 shares of the technology company’s stock valued at $162,109,000 after buying an additional 1,475,825 shares during the last quarter.

Insider Transactions at Coupa Software

In other news, CFO Anthony D. Tiscornia sold 1,449 shares of Coupa Software stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $66.20, for a total value of $95,923.80. Following the sale, the chief financial officer now directly owns 7,874 shares of the company’s stock, valued at $521,258.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Anthony D. Tiscornia sold 1,449 shares of Coupa Software stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $66.20, for a total value of $95,923.80. Following the sale, the chief financial officer now directly owns 7,874 shares of the company’s stock, valued at $521,258.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert Glenn sold 2,174 shares of Coupa Software stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $66.20, for a total value of $143,918.80. Following the transaction, the executive vice president now owns 11,675 shares in the company, valued at approximately $772,885. The disclosure for this sale can be found here. Insiders have sold 19,620 shares of company stock valued at $1,342,253 over the last ninety days. Insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on COUP shares. Morgan Stanley decreased their price target on Coupa Software from $99.00 to $94.00 and set an “overweight” rating for the company in a research note on Tuesday, August 16th. Barclays decreased their price target on Coupa Software from $85.00 to $71.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 7th. KeyCorp reduced their price objective on Coupa Software from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, August 30th. Piper Sandler raised their price objective on Coupa Software from $65.00 to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 7th. Finally, Citigroup raised their price objective on Coupa Software from $77.00 to $82.00 in a research note on Wednesday, September 7th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $90.35.

Coupa Software Price Performance

COUP traded down $0.73 during trading on Friday, hitting $61.45. The company’s stock had a trading volume of 47,231 shares, compared to its average volume of 2,593,317. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 6.81. Coupa Software Incorporated has a twelve month low of $50.54 and a twelve month high of $259.90. The business’s fifty day simple moving average is $66.67 and its 200 day simple moving average is $75.11. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of -13.55 and a beta of 1.50.

Coupa Software (NASDAQ:COUPGet Rating) last issued its quarterly earnings results on Tuesday, September 6th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.11. The firm had revenue of $211.10 million for the quarter, compared to analyst estimates of $203.99 million. Coupa Software had a negative return on equity of 24.29% and a negative net margin of 43.73%. The business’s revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.35) earnings per share. On average, equities research analysts forecast that Coupa Software Incorporated will post -2.27 EPS for the current fiscal year.

Coupa Software Profile

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Coupa Software Incorporated provides cloud-based business spend management platform that connects its customers with suppliers worldwide. The company provides visibility into and control over how companies spend money, optimize supply chains, and manage liquidity, as well as enables businesses to achieve savings that drive profitability.

See Also

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

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