Top 5 Stock Picks of Wen Han Li’s Andar Capital

4. Coupa Software Incorporated (NASDAQ:COUP)

Andar Capital’s Stake Value: $10,082,000

Percentage of Andar Capital’s 13F Portfolio: 8.04%

Number of Hedge Fund Holders: 54

Coupa Software Incorporated (NASDAQ:COUP) offers a business spend management platform to companies that gives them autonomy over the resources and finances spent within their organization. In addition to that, the company offers products related to procurement, invoicing, sourcing, contract management, catalog management, and expense management. On November 16, Susquehanna analyst John Coffey initiated coverage of Coupa Software Incorporated (NASDAQ:COUP) with a Positive rating and a $35 price target.

As of Q3 2021, Andar Capital owns 46,000 shares in Coupa Software Incorporated (NASDAQ:COUP), valued at over $10 million, representing 8.04% of the firm’s stock portfolio. 

The biggest Coupa Software Incorporated (NASDAQ:COUP) stakeholder as per Insider Monkey’s records is Stephen Mandel’s Lone Pine Capital, with 4.56 million shares worth over $1 billion. Overall, 54 hedge funds reported owning stakes in Coupa Software Incorporated (NASDAQ:COUP) at the end of June, valued at over $4.69 billion. 

Here is what ClearBridge Investments has to say about Coupa Software Incorporated (NASDAQ:COUP) in its Q2 2021 investor letter:

“Within IT, we added positions in Coupa Software, a leader in the fast growing Business Spend Management market with opportunity to double its total addressable market by harnessing B2B payments with its Coupa Pay product; and AppLovin, a leading mobile gaming advertising network in a unique position to utilize its ad expertise to grow its own mobile game business at low user acquisition costs.”