The pioneering decentralized financial protocol, MakerDAO, has announced that its foundation will formally dissolve in the coming months, marking one of the final steps in the protocol’s roadmap to decentralized governance.
A July 20 blog post describes Maker’s Decentralized Autonomous Organization, or DAO, as now “fully self-sufficient” – with its community spread around the world “now responsible for all aspects of the Maker Protocol.”
“Maker’s complete decentralization means that the future development and operation of the protocol and DAO will be determined by thousands, if not millions of engaged and enthusiastic community members, all determined to extend the benefits of digital currency to people across the world. whole world. “
Article author, Maker Foundation CEO Rune Christensen, shares highlights of the project’s six-year journey, with Christensen first revealing his plans in a Reddit Publish detailing his vision for a stable Ethereum token dubbed “eDollar” in March 2015.
The Maker Foundation was formed as a nonprofit to oversee the development and funding of the project in September 2018, apparently at the behest of its early investors. While Christensen created the Foundation with the intention of dissolving it within two to three years, the movement catalysis internal tensions between Foundation supporters and those who viewed the legal entity as at odds with crypto’s fundamentally lawless ethics.
He describes Maker as having “come a long way in a relatively short period of time,” going from a beginner DAO to a foundation, and then back to a DAO.
“Although the Foundation played a specific and important role in the further development of the Maker Protocol and the growth of a global team, it was designed to exist only temporarily,” said Christensen.
In May 2017, more than two years after Christensen revealed Maker on Reddit, the protocol carried out a limited version of ProtoSai, the precursor to Maker’s first stablecoin, SAI, or Single-Collateral Dai.
SAI would get a wholesale release in December 2017 and circulate for nearly two years, with Maker introducing the Multi-Collateral Dai (DAI) in November 2019 – allowing the DAI to be hit against a variety of digital assets approved by the governance of Maker.
Related: Australia’s digital finance industry wants to legally recognize DAOs
As Maker would emerge as a pioneering DeFi protocol perched atop the industry rankings by total value locked in, 2020 has not been smooth for Maker, with users launching a class action lawsuit against the foundation in the wake of ‘Black Thursday’ in March. The incident saw Maker lose around $ 6.64 million in DAI to cascading liquidations after the price of ether slumped 50% in about 24 hours.
March 2020 would also see the Maker Foundation transfer the MKR token contract to community governance, marking the start of the project’s journey towards restoring decentralizing governance – with Christensen. characterizing the foundation as “completely unnecessary”.
The protocol would also add support for Circle’s centralized USDC stablecoin this month, igniting controversy over Maker’s support for centralized crypto assets as collateral for its alleged decentralized stable token.
In March of this year, “central units” were created to coordinate the management of the different teams and activities of the protocol. The foundation would also return development funds of MKR 84,000 to Maker DAO in May, worth nearly $ 500 million at the time.
According to DeFi Llama, MakerDAO is currently the sixth decentralized financial protocol with a total locked-in value of $ 5.62 billion.
ST. LOUIS – Deli Star Corp. announced plans to open a production facility in St. Louis, which is expected to create nearly 500 new jobs in the area.
The new 104,080-square-foot space will replace the old factory in Fayetteville, Ill., Which was damaged by fire last January, according to a press release.
Deli Star Corp., known for manufacturing proteins, has partnered with DCM Group, Ficon Construction and Answers, Inc. to build the new production facility which will be located in the Villa Lighting Building, located at 3049 Chouteau Avenue.
The plant will produce Deli Star’s vacuum-packed protein, stewed meats, charcuterie logs, protein salads, sauces and vegetable protein.
A total of 94,080 square feet will be used for production and the remaining 10,000 square feet will be reserved for offices. Construction is expected to be completed in early 2022, according to the press release.
Deli Star’s Food Discovery Center at City Foundry STL will be two miles from the new factory, “allowing Deli Star to easily serve customers from ideation to scale to production.” , says the press release.
The plant will also be USDA, FDA, HACCP, SQF9.0 certified, focused on customer audit and biological.
Governor Mike Parson said Deli Star will bring nearly $ 100 million in investment to Missouri and create about 500 new jobs in the St. Louis area.
“We are delighted to welcome Deli Star Corp. to Missouri,” said Parson in a report. “Missouri is a great place for food businesses like Deli Star to succeed, and we look forward to seeing this business grow in our state and provide new opportunities for Missourians.”
The new plant will have “the best equipment and production lines in the industry to efficiently deliver high-quality, safe protein,” the press release said.
“We are delighted to announce our plans for the next chapter of Deli Star,” said Justin Siegel, CEO of Deli Star, in a statement.
“After an extensive site selection process, we determined that St. Louis is the ideal location for our new production facility. The city of Saint-Louis offers the best of the country in terms of supply and logistics.
“Additionally, by locating our factory just down the street from our new Food Discovery Center in the city’s growing innovation corridor, we can drive innovation and sourcing more effectively and efficiently. in our company. “
Several companies in the region have collaborated to bring Deli Star to Missouri, including Ameren Missouri, City of St. Louis, Greater St. Louis, Inc., Missouri Department of Economic Development, Missouri Development Finance Board, Missouri Partnership, Spire, St. Louis Economic Development Partnership and St. Louis Development Corp.
“We have learned that what we have built at Deli Star, including our cutting edge science and processes, transcends any specific space. We are bringing our 34 year history to a new facility with optimism, ”said Dr Dan Siegel, Founder and Chairman of the Board of Deli Star.
“Starting from scratch with factory design has allowed Justin and his team to assess and improve what Deli Star is already doing well. We are delighted to serve our customers better and more efficiently than ever. “
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NEW YORK, July 20, 2021 – JLL Capital Markets today announced the exclusive marketing of a retail co-op occupied by Duane Reade at 1235 Lexington Ave. on New York’s Upper East Side for $ 23.25 million. The 12,225 square foot space includes 6,875 square feet at ground level and an additional 5,350 square feet on the lower level of New York’s Upper East Side.
Located on the southeast corner of two busy streets, the offering includes 102 feet of frontage on Lexington Avenue and 87 feet of frontage along East 84th Street. The space is currently leased to Duane Reade (BBB credit) until February 2029 with an option to further extend 10 years until 2039. The lease is guaranteed by Walgreens Boots Alliance (WBA), which is the parent company of Duane Reade. 1235 Lexington Ave. is now the only Duane Reade located on Lexington between 77th and 125th Street, positioning the store to benefit from the company’s recent consolidation of its footprint in New York City.
The property is in the heart of the bustling Lexington Avenue commercial corridor of the Upper East Side, surrounded by many neighborhood restaurants, shops and amenities, including the Metropolitan Museum of Art, which is two blocks west . The property also offers easy access to Central Park and is just a two-minute walk from Lexington and 86th Street station for subway lines 4 and 5 and a five-minute walk from 86th Street station for the subway line. Q.
The JLL Capital Markets team that markets the property on behalf of the seller is led by Managing Director Hall Oster and Chairman Bob Knakal, as well as Managing Directors Jonathan Hageman and Paul Smadbeck. The Senior Managing Director, Kellogg Gaines, is the fundraiser.
“1235 Lexington represents an opportunity to acquire a stable, high cash flow trophy asset backed by a credit lease on a long term lease,” said Oster. “The property will appeal to passive investors and 1,031 exchange buyers looking for a fully leased, investment grade asset with limited owner obligations and 189 feet of wraparound frontage on a prime Upper East Side commercial corridor.”
JLL Capital Markets is a global full service provider of capital solutions for real estate investors and occupiers. The company’s in-depth knowledge of the local market and global investors provides the best solutions for clients – whether it is investment sale advice, debt placement, equity placement or recapitalization. The company has more than 3,700 capital markets specialists around the world with offices in nearly 50 countries.
For more information, videos and research resources on JLL, please visit our newsroom.
Jones Lang LaSalle inc. published this content on July 20, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on July 20, 2021 07:13:07 PM UTC.
The Los Angeles County Department of Arts and Culture announced $ 4,518,000 million in grants, including $ 57,600, to five arts organizations in the Santa Clarita Valley under the County of Los Angeles Organizational Grants program. THE. The award provides a two-year grant to 231 nonprofit arts organizations.
The local not-for-profit arts organizations that receive the grant are:
Escape theater: $ 19,600
SCV Youth Orchestra: $ 15,800
Santa Clarita Masters Choir: $ 10,200
Santa Clarita Artists Association: $ 6,700
Santa Clarita Shakespeare Festival: $ 5,300
OGP is Los Angeles County’s premier arts grants program, funding the diverse and comprehensive ecology of artistic nonprofits. Grant recipients expand the arts sector and reflect a rich array of artistic and cultural forms. Their size, budget, and discipline vary from arts education to theater, dance, visual arts, media arts, and literary arts. They offer a variety of arts and culture services at venues and programs throughout the LA County community. For example, folk music from South El Monte (Hernandez Mariachi Heritage Society). Equity, Diversity and Global Initiative (Long Beach Opera); after-school mural program in West Hollywood (Arts Bridging the Gap); Art education and concert management in Sylmer (Department of Music, Wesley) .click [here] Displays a complete list of beneficiaries.
“The Organizational Grants program has strengthened the activities of arts organizations in LA County since the 1940s. Today, the program includes arts organizations that demonstrate culture, tradition and artistic creativity that celebrate diversity. County. It’s important to help the local arts ecosystem thrive, ”said Hilda L. Solis, chair of the Los Angeles County Board of Trustees. , District 1 Supervisor. “OGP gives our residents, especially those in historically underserved areas, access to arts and culture services, as well as all the personal interests and community connections they bring. AT. “
Prices range from $ 1,500 to $ 107,500, depending on the needs and size of the organization. This pricing is flexible and can be used to meet all of your current critical needs, from personnel and infrastructure to programming in your organization. For example, LA Commons in South LA and Las Photo Project in East LA, which inspires teenage girls through photography and self-expression, use grants to pay performers and educational artists to pay for the production. Both are financially sponsored organizations applying for 501 (c) (3) grants and receiving funding for the first time. The Strindberg Institute deepens the theater’s involvement with imprisoned people and underserved communities. Turnaround Arts: California uses this award to support key staff positions as the new recipients continue their mission of transforming their highly sought-after school districts and communities through the arts.
“We know how much the cultural resources of vitality, well-being and resilience can bring to individuals and communities. We underestimate the resonance and impact of organizational funding programs in the local arts sector, especially in the aftermath of pandemics. He can’t, and his role in equitably sharing those interests is important, ”said County Manager Holly J. Mitchell.
“Organizational grant programs are an important and essential function of the Department of Arts and Culture. These grants provide public sector funding for the arts that employ artists and the cultural workforce, and the diversity of LA County. Increase community access to arts, ”said Christine Sakoda, director of the Los Angeles County Department of Arts and Culture. “As the number of organizations applying for and receiving funding increases each year, we are confident that this program strengthens the artistic ecology infrastructure of the region and thereby improves the quality of life for the people of the county. I know. “
OGP Context and Review Process
Since 1947, the Department of Arts and Culture (formerly the LA County Arts Commission) has funded LA County arts and culture organizations, which reflect the region’s rich diversity. In addition to direct funding, OGP recipients benefit from professional development and training opportunities, ranging from workshops on cultural and racial equality to creation and talent grants. Of the 231 recipients of OGP 2021-2022 grants located in 48 of the county’s 88 municipalities, 11% are receiving this funding for the first time. OGP grants cover areas such as arts education, dance, literature, media arts, interdisciplinary, music, choir and opera, theater, traditional and folk arts, and visual arts.
Applications for the OGP program are reviewed and rated by 75 diverse expert panelists from a strong community of cultural workers, artists, curators, nonprofit art managers, funders and art educators from the Los Angeles area. it was done. The price recommendations are Artistic committee Approved by Supervisory Board..
Letter of recommendation from OGP beneficiaries
“We are honored to receive the Organizational Grants Program award from the LA County Department of Arts and Culture. These grants are essential for arts organizations in Los Angeles. They give us with community members. This gives us the flexibility and the power to work with us, so that we can provide a valuable artistic experience in the most meaningful way for our county, ”said Lucia Torres, General Secretary of the Las Photo Project. .. “This is especially useful in this time of recovery when organizations like us are strengthening and rebuilding themselves after such an eventful year. “
“LA Commons’ first OGP grant makes a decisive contribution to our sustainability during highly volatile times. Roots in South LA, which continues to suffer the worst impacts of COVID-19. It’s all the more important that there are, ”says Karen Mack. , founder and executive director of LA Commons. “At the crossroads of art, community and social justice, we strengthen the stories and voices of youth and other members of the community. Driven by the creativity and resilience of local youth in various parts of Los Angeles. We are pleased to join the LA County Department of Arts and Culture as a partner in promoting a fair, healthy and equitable Los Angeles. “
“This grant will allow us to reshape the sense of community that theater brings to the people who do our work and to the audiences who participate in these works,” said the Secretary General of the Lindberg Institute. said Michael Biaman.
“Community Turnaround Arts: California’s support is disproportionately influenced by pandemics, and during this difficult time, art is important in providing young students and their teachers with a source of community and self-expression. It played a role, ”says Marissa Shriver. Turnaround Arts: CA co-founder and president. “We are working with our partner schools to prepare for a positive return to schools that have adopted art as a core strategy for healing and engagement, so we were able to secure support from the County Department of Arts and Culture. THE. I am honored. “
Peggy Sivert Zask, CEO / Founder of SoLA Contemporary, said: “We are very happy to include promising young artists who will present curators and preparation practices, as well as digital declaration and promotion techniques, based on the artist criticism program.
About the Ministry of Arts and Culture
The mission of the Los Angeles County Department of Arts and Culture is to enhance art, culture, and creativity throughout Los Angeles County. Grants and technical assistance to non-profit organizations, county-wide arts education initiatives, commissioning and maintenance of civil art collections, research and evaluation, access to creative career paths, professional development, community programs free, citizens A creative transversal strategy that addresses the problem .visit lacountyarts.org..
SCVNews.com | LA County Rewards Several SCV Arts Organizations Over $ 56,000 in Grants Source Link SCVNews.com | LA County Rewards Several SCV Arts Organizations Over $ 56,000 in GrantsSource link
LOS ANGELES, July 20, 2021 / PRNewswire / – Ernst & Young LLP (EY US) has appointed tax partner Andy Park as managing partner in the Los Angeles office, effective 1st of July. Parc succeeds Patrick niemann, who took on a new leadership role at the EY Center for Board Matters after a decade as Managing Partner of the Los Angeles office.
As Managing Partner of the Los Angeles office, Park is responsible for leading 2,300 professionals while continuing to drive growth and advance the firm’s inclusive and people-centered culture. EY’s Los Angeles office, which celebrated its centenary in 2020 and was recently redesigned to encourage more flexibility and collaboration, will be overseen by Park.
Frank mahoney, Regional Managing Partner of EY US-West, says:
“Andy has deep roots and a passion for Los Angeles office and community. He has demonstrated this passion, along with solid technical background, entrepreneurial and innovative spirit and a commitment to teamwork throughout his career at EY. I have no doubts that Andy will excel in leading this dynamic office and market as we emerge from the pandemic and are at the forefront of both operating and advising clients in our new world of work. . ”
Park began his career at EY US 17 years ago as a tax intern, and after earning his master’s degree in Washington University, joined EY in 2005. Most recently, he served as Tax Account Manager in EY’s Private Client Services practice, advising high growth pre-IPO companies across a wide range of industries. Park is passionate about entrepreneurship and is co-director of EY Entrepreneur of the Year®Greater Los Angeles program. Now in its 35th year, the EY Entrepreneur Of The Year program honors business leaders whose ambition, courage and ingenuity help transform the world.
“I am incredibly honored to serve our EY professionals, clients and the community as Managing Partner of the Greater Los Angeles office,” said Park. “This is a phenomenal opportunity to lead an inspiring and talented group of professionals as we help clients navigate this new world of work. At Pat Niemann leadership over the past decade, our Los Angeles the practice has reached new heights as the premier professional services organization in the greater Los Angeles market, and I am committed to building on its remarkable heritage and success. “
The son of Korean immigrants, Park was the first in his family to attend college. He is an active member of EY’s Pan-Asian Professional Network, is a Head of Family on the EY Board and is on the Girl Scout Board of Directors of Greater Los Angeles. He lives in Palos Verdes with his wife, daughter and new puppy.
EY exists to build a better world of work, helping to create long-term value for customers, individuals and society and to build confidence in the capital markets.
Through data and technology, EY’s diverse teams in more than 150 countries ensure trust and help clients grow, transform and operate.
Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers to the complex issues facing our world today. .
EY refers to the global organization and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information on how EY collects and uses personal data and a description of the rights of individuals under data protection law can be found at ey.com/privacy. EY member firms do not practice law where local laws prohibit. For more information about our organization, please visit ey.com.
This press release was issued by Ernst & Young LLP, an EY member firm serving clients in the United States.
About Ernst & Young LLP Los Angeles practice
Ernst & Young LLP has nearly 2,300 people in its Greater Los Angeles offices that serve 40% of Fortune 1000 companies and 31% of Russell 3000s in LA. Our LA office professionals work with a diverse clientele of innovative and entrepreneurial companies spanning the consumer products, engineering and construction, financial services, healthcare, life sciences, manufacturing, media and entertainment, private equity, real estate, retail and technology. EY also recognizes entrepreneurs globally and locally with EY Entrepreneur Of The Year®, the world’s most prestigious trade award for entrepreneurs.
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The last 13F reporting period has passed and Insider Monkey is once again at the forefront when it comes to using this data gold mine. We have processed deposits from over 866 world-class investment firms that we follow and now have access to the collective wisdom contained in those deposits, which are based on their holdings as of March 31, data that is not available anywhere elsewhere. If you consider Lear Corporation (NYSE:LEA) for your wallet? We will look to this invaluable collective wisdom for the answer.
Is Lear Corporation (NYSE:LEA) a great investment now? Leading investors took a pessimistic view. The number of bullish hedge fund positions has fallen by 13 recently. Lear Corporation (NYSE:LEA) was in the portfolios of 23 hedge funds at the end of the first quarter of 2021. The all-time high for this statistic is 44. Our calculations have also shown that LEA is not among the 30 most popular stocks among hedge funds (click for Q1 ranking). There were 36 hedge funds in our database with LEA positions at the end of the fourth quarter.
The reputation of hedge funds as savvy investors has been tarnished over the past decade, as their hedged returns could not keep up with the unhedged returns of stock indices. Hedge funds have over $ 3.5 trillion in assets under management, so you can’t expect all of their portfolios to beat the market with significant margins. Our research identified in advance a select group of hedge funds that have outperformed S&P 500 ETFs by more than 115 percentage points since March 2017 (see details here). So you can still find a lot of gems by following the movements of hedge funds today.
Alexander Roepers of Atlantic Investment Management
At Insider Monkey, we scour multiple sources to uncover the next big investing idea. For example, Chuck Schumer recently said legalizing marijuana would be a Senate priority. So we check this under the radar stock who will benefit. We go through lists like the 10 best stocks of batteries to choose the next Tesla which will offer a 10x return. Even though we only recommend positions in a tiny fraction of the companies we analyze, we check as many stocks as possible. We read letters from hedge fund investors and listen to market arguments at hedge fund conferences. You can subscribe to our free daily newsletter at our home page. With all of that in mind, let’s take a look at the recent hedge fund action surrounding Lear Corporation (NYSE:LEA).
Do hedge funds think LEA is a good stock to buy now?
At the end of March, 23 of the hedge funds tracked by Insider Monkey held long positions in this title, a variation of -36% compared to the previous quarter. Below you can see how hedge fund sentiment towards LEA has evolved over the past 23 quarters. With the whirlwind of smart money sentiment, there is a select group of key hedge fund managers who were significantly increasing their holdings (or already building up significant positions).
Of these funds, Pzena Investment Management held the largest stake in Lear Corporation (NYSE: LEA), which stood at $ 842.8 million at the end of the fourth quarter. In second place was Paradice Investment Management, which raised $ 104.4 million in stocks. Greenhaven Associates, Balyasny Asset Management and Atlantic Investment Management were also very fond of the stock, becoming one of the firm’s largest hedge fund holders. In terms of portfolio weights assigned to each position Atlantic Investment Management assigned the greatest weight to Lear Corporation (NYSE: LEA), approximately 10.22% of its 13F portfolio. Paradice Investment Management is also relatively very bullish on the stock, distributing 5.01% of its 13F equity portfolio to LEA.
Given that Lear Corporation (NYSE: LEA) has seen a decline in interest from the overall hedge fund industry, logic dictates that there is a cult of fund managers who have decided to sell everything. of their assets before the second quarter. Interestingly, Jack Woodruff Chandelier Capital management said goodbye to the largest position in the “top crust” of funds tracked by Insider Monkey, comprising around $ 26.2 million in stocks, and Ben Jacobs’ Anomaly Capital Management was right behind that decision, as the fund said goodbye to around $ 12.9 million. These bearish behaviors are interesting, as overall hedge fund interest fell by 13 funds before the second quarter.
Let’s take a look at the activity of hedge funds in other stocks similar to Lear Corporation (NYSE: LEA). We’ll take a look at Credicorp Ltd. (NYSE:BAP), AGCO Corporation (NYSE:AGCO), Ozon Holdings PLC (NASDAQ:OZONE), Steel Dynamics, Inc. (NASDAQ:STLD), Five Below Inc (NASDAQ:FIVE), Iron Mountain Incorporated (NYSE:MRI) and Repligen Corporation (NASDAQ:RGEN). All market capitalizations of these stocks correspond to the market capitalization of LEA.
See the table here if you have formatting problems.
As you can see, these stocks had an average of 28.3 hedge funds with bullish positions and the average amount invested in these stocks was $ 515 million. That figure was $ 1,218 million in the case of LEA. Five Below Inc (NASDAQ:FIVE) is the most popular action in this table. On the other hand, Iron Mountain Incorporated (NYSE:MRI) is the least popular with only 16 bullish hedge fund positions. Lear Corporation (NYSE: LEA) isn’t the least popular stock in this group, but hedge fund interest is still below average. Our overall hedge fund sentiment score for LEA is 20.6. Stocks with a higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. This is a slightly negative signal and we prefer to spend our time researching the stocks that hedge funds are accumulating on. Our calculations have shown that top 5 most popular stocks among hedge funds, returned 95.8% in 2019 and 2020 and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 23.8% in 2021 through July 16 and again topped the market by 7.7 percentage points. Unfortunately, LEA was not as popular as these 5 stocks (hedge fund sentiment was rather bearish); LEA investors were disappointed as the stock has returned -9.6% since the end of March (through 7/16) and has underperformed the market. If you want to invest in large cap stocks with huge upside potential, you should check out the top 5 most popular stocks among hedge funds, as most of these stocks have already outperformed the market in 2021.
Receive real-time email alerts: Follow Lear Corp (NYSE: LEA)
Disclosure: none. This article originally appeared on Monkey initiate.
Stock research analysts predict that Coupa Software Incorporated (NASDAQ: COUP) will post ($ 0.07) earnings per share (EPS) for the current fiscal quarter, according to Zack. Seven analysts have released earnings estimates for Coupa Software. The lowest EPS estimate is ($ 0.10) and the highest ($ 0.06). Coupa Software reported earnings of $ 0.21 per share in the same quarter last year, suggesting a negative growth rate of 133.3% year-over-year. The company is expected to announce its next results on Tuesday, September 14.
According to Zacks, analysts expect Coupa Software to report annual earnings of ($ 0.15) per share for the current fiscal year, with EPS estimates ranging from $ 0.19 to $ 0.05. For the next fiscal year, analysts expect the company to report earnings of $ 0.52 per share, with EPS estimates ranging from $ 0.01 to $ 1.08. Zacks’ earnings per share calculations are an average based on a survey of selling analysts who follow Coupa Software.
Coupa Software (NASDAQ: COUP) last released its quarterly earnings data on Sunday, June 6. The tech company reported earnings per share (EPS) of $ 0.07 for the quarter, beating the Zacks consensus estimate ($ 1.01) by $ 1.08. Coupa Software recorded a negative return on equity of 19.32% and a negative net margin of 45.08%. The company posted revenue of $ 166.93 million in the quarter, compared to analysts’ expectations of $ 152.75 million.
A number of analysts have recently published reports on COUP stocks. Raymond James set a price target of $ 220.06 on Coupa Software and gave the company a “buy” rating in a research report on Friday. Piper Sandler lowered her price target on Coupa Software from $ 300.00 to $ 295.00 and set an “overweight” rating for the company in a report released Friday. Truist Securities lowered its price target on Coupa Software from $ 386.00 to $ 326.00 and set a “buy” rating for the company in a report released on Tuesday, June 8. Truist lowered its price target on Coupa Software from $ 386.00 to $ 326.00 and set a “buy” rating for the company in a report released on Tuesday, June 8. They noted that the move was an appraisal call. Finally, Needham & Company LLC reissued a “buy” note and set a price target of $ 280.00 on Coupa Software shares in a report released Friday. One research analyst rated the stock with a sell rating, eight assigned a conservation rating, fourteen issued a buy rating, and one issued a strong buy rating for the stock. Coupa Software currently has an average “Buy” rating and an average target price of $ 292.50.
COUP opened at $ 221.49 on Tuesday. Coupa Software has a 12-month low of $ 211.26 and a 12-month high of $ 377.04. The company has a 50-day simple moving average of $ 242.23. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt ratio of 0.91.
Meanwhile, CFO Anthony D. Tiscornia sold 1,166 company shares in a transaction on Tuesday, June 22. The stock was sold for an average price of $ 243.49, for a total trade of $ 283,909.34. As a result of the sale, the CFO now owns 907 shares of the company, valued at approximately $ 220,845.43. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Additionally, insider Mark Riggs sold 930 shares of the company in a trade on Monday, April 26. The shares were sold for an average price of $ 267.81, for a total value of $ 249,063.30. As a result of the sale, the insider now directly owns 1,723 shares of the company, valued at approximately $ 461,436.63. Disclosure of this sale can be found here. During the last quarter, insiders sold 123,289 shares of the company valued at $ 28,976,058. Company insiders own 2.60% of the company’s shares.
Several hedge funds and other institutional investors have recently increased or reduced their holdings in COUP. Carroll Financial Associates Inc. increased its stake in Coupa Software by 67.7% during the 1st quarter. Carroll Financial Associates Inc. now owns 109 shares of the tech company valued at $ 27,000 after purchasing 44 additional shares during the period. Lloyd Advisory Services LLC. increased its stake in Coupa Software by 650.0% in the 1st quarter. Lloyd Advisory Services LLC. now owns 105 shares of the tech company valued at $ 27,000 after purchasing 91 additional shares during the period. Total Clarity Wealth Management Inc. acquired a new position in Coupa Software during the 1st quarter for a value of approximately $ 27,000. Childress Capital Advisors LLC acquired a new position in Coupa Software during the 4th quarter for a value of approximately $ 33,000. Finally, Capital Asset Advisory Services LLC acquired a new position in Coupa Software during the 4th quarter for a value of approximately $ 34,000.
Coupa Software Company Profile
Coupa Software Incorporated provides a cloud-based business expense management platform. Its platform connects organizations with suppliers around the world; and provides visibility and control over how businesses spend money, optimize supply chains and manage liquidity, while enabling businesses to realize savings that drive profitability.
See also: Market Timing – The advantages and dangers
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Featured article: Differences between dynamic investing and long-term investing
7 actions to watch out for when student debt forgiveness is exceeded
Now that the Biden administration is fully in the driver’s seat, student debt cancellation has come to the fore. Consider these numbers. Student debt is estimated at $ 1.7 trillion. The average student has about $ 30,000 in student loans.
If $ 10,000 in student debt were forgiven, it is estimated that one-third of borrowers (between $ 15 million and $ 16.3 million) would become debt-free. Of course, if the number reaches $ 50,000, as some lawmakers suggest, the impact would be even greater.
By setting aside personal reflections on the wisdom of pursuing this path, it has the potential to trigger a substantial stimulus in the economy.
And as an investor, it’s fair to ask where this money would go. After all, there is nothing wrong with investors taking advantage of this stimulus as well.
A counter-argument is that the absence of a monthly payment may not provide enough money to have an impact. However, Senator Elizabeth Warren spoke about the effect student loans have in preventing many Millennials and Gen Z from pursuing broad life goals such as buying a home, creating of a business or the creation of a family.
With that in mind, we’ve prepared this special presentation that looks at 7 actions that could benefit if borrowers are freed from the burden of student loans.
Check out the “7 Actions to Watch Out For When Student Debt Remission Is Over.”
ROANOKE, Virginia – A new organization is working to fight breast cancer in our region and to support those who experience it.
the Virginia Breast Cancer Foundation is based in Richmond but now has a new office in Roanoke to better serve this region. 100% of the money raised remains in the state of Virginia.
This fills the void after the Virginia Blue Ridge Chapter of Susan G. Komen closed in December.
“The Virginia Breast Cancer Foundation will be expanding its direct services in the coming months, providing screening and treatment assistance for underinsured and uninsured Virginians,” said Catherine Warren, senior director of the VA Breast Cancer Foundation by SWVA. “There were previously other organizations that filled this need. With the release of these organizations, the VBCF really saw the need in this part of the state and we have opened an office based in Roanoke and we will really be working to serve all Virginians, especially Virginians in the South West of the Roanoke office.
Warren says it is a state-based organization focused on education and advocacy. She says the VBCF will provide mammograms to women who cannot afford them, so everyone in the state has access to care and knows if they have breast cancer so they can get the breast cancer. treatment she needs.
Warren says you can expect two events this fall:
October 12: Power of Pink lunch
October 23: 13.1 mile pink run that you can walk, bike or run
As we reported, in December the local Komen chapter announced it was disaffiliating from the national organization, shutting down permanently. This came as a result of the headquarters decision to restructure from top to bottom. The local has left half a million dollars to other local breast cancer organizations.
The Virginia Breast Cancer Foundation (VBCF) was founded in 1991 by five women – who met in a support group. They were angered by the lack of progress in breast cancer treatment and inspired by a growing network of grassroots advocates across the country. VBCF, established as a 501 (c) 3 nonprofit in October 1992, is headquartered in Richmond, Virginia.
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Dispute Resolution | Brussels, July 19, 2021
The EU calls for consultations with Russia in the World Trade Organization (WTO) regarding certain Russian measures that restrict or prevent EU companies from selling goods and services to Russian state-owned enterprises and to other entities through government procurement for commercial purposes. These practices appear to be contrary to WTO rules which require Russia not to discriminate against foreign companies in this area.
Since 2015, Russia has gradually extended its import substitution policy using various restrictions and incentives. These aim to replace the use of foreign goods and services in public procurement by certain state-linked entities, and by legal persons in state-funded investment projects. The economic impact for EU businesses is very significant. In 2019, the value of tenders published by state-owned enterprises was 23.5 trillion rubles, or about 290 billion euros and the equivalent of 21% of Russia’s GDP.
The EU is challenging in particular three Russian measures which appear to be inconsistent with WTO law, notably with the fundamental WTO principle of national treatment which obliges WTO members to treat foreign and domestic producers in a non-compliant manner. discriminatory. These include:
- Discriminatory evaluations of calls for tenders: during the assessment phase of their markets, certain state-linked entities charge 15% (up to 30% for certain products) of the price offered for the domestic products or services of Russian entities. If the offer with domestic products or services of a Russian entity is subsequently selected, the full price is subsequently always paid. This means that products or services imported from foreign entities are considered less favorably during this assessment phase, as they do not benefit from this 15% price reduction. This results in discrimination against offers with imported goods or services provided by foreign entities.
- Requirements for prior authorizations: Russian companies wishing to source certain engineered products abroad need permission from the Russian Import Substitution Commission. This authorization appears to be given on an arbitrary basis and is not necessary for the purchase of domestic engineered products.
- National procurement quota requirements: for around 250 products, including vehicles, machinery, medical devices and textile products, of which up to 90% must be domestic products.
The dispute settlement consultations the EU has requested are the first step in the WTO dispute settlement procedures.
If they do not reach a satisfactory solution, the EU can ask the WTO to set up a panel to rule on the matter.
The consultation request
Learn more about commercial disputes