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Coupa Software Inc (COUP) Position Reduced by Hamilton Lane Advisors LLC

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Hamilton Lane Advisors LLC cut its stake in shares of Coupa Software Inc (NASDAQ:COUP) by 41.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,668 shares of the technology company’s stock after selling 30,175 shares during the period. Coupa Software comprises approximately 2.3% of Hamilton Lane Advisors LLC’s investment portfolio, making the stock its 11th biggest position. Hamilton Lane Advisors LLC owned approximately 0.07% of Coupa Software worth $2,682,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Coupa Software by 11.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,610,782 shares of the technology company’s stock worth $364,712,000 after purchasing an additional 467,714 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Coupa Software by 11.3% in the 3rd quarter. Vanguard Group Inc now owns 4,610,782 shares of the technology company’s stock worth $364,712,000 after acquiring an additional 467,714 shares during the last quarter. Morgan Stanley raised its holdings in shares of Coupa Software by 3.8% in the 3rd quarter. Morgan Stanley now owns 3,733,253 shares of the technology company’s stock worth $295,300,000 after acquiring an additional 137,624 shares during the last quarter. BlackRock Inc. increased its stake in Coupa Software by 14.4% in the 3rd quarter. BlackRock Inc. now owns 3,480,491 shares of the technology company’s stock valued at $275,308,000 after buying an additional 438,131 shares during the last quarter. Finally, FMR LLC increased its stake in Coupa Software by 42.3% in the 2nd quarter. FMR LLC now owns 1,774,407 shares of the technology company’s stock valued at $110,439,000 after buying an additional 527,529 shares during the last quarter. 95.01% of the stock is currently owned by institutional investors.

COUP has been the subject of several analyst reports. Zacks Investment Research lowered shares of Coupa Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 5th. Cantor Fitzgerald reissued a “buy” rating and set a $92.00 target price on shares of Coupa Software in a research report on Sunday, January 13th. Barclays raised their price objective on shares of Coupa Software from $69.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 4th. Loop Capital raised their price objective on shares of Coupa Software to $85.00 and gave the stock a “buy” rating in a report on Thursday, January 24th. Finally, Goldman Sachs Group started coverage on shares of Coupa Software in a report on Friday, February 1st. They issued a “buy” rating and a $96.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Coupa Software currently has a consensus rating of “Buy” and an average price target of $70.73.

In other Coupa Software news, insider Mark Riggs sold 644 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $65.00, for a total transaction of $41,860.00. Following the completion of the sale, the insider now directly owns 1,141 shares of the company’s stock, valued at $74,165. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Anthony D. Tiscornia sold 782 shares of the company’s stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $65.04, for a total transaction of $50,861.28. Following the sale, the insider now directly owns 521 shares of the company’s stock, valued at $33,885.84. The disclosure for this sale can be found here. Insiders have sold 307,938 shares of company stock valued at $20,079,194 over the last three months. 6.50% of the stock is owned by corporate insiders.

Shares of COUP opened at $95.22 on Friday. Coupa Software Inc has a 1-year low of $39.77 and a 1-year high of $96.77. The stock has a market cap of $5.70 billion, a PE ratio of -125.29 and a beta of 1.88.

Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data on Monday, December 3rd. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.11. The business had revenue of $67.46 million for the quarter, compared to analyst estimates of $62.59 million. Coupa Software had a negative net margin of 19.93% and a negative return on equity of 14.03%. Coupa Software’s quarterly revenue was up 42.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. On average, sell-side analysts forecast that Coupa Software Inc will post -0.72 earnings per share 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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