Insider Selling: Coupa Software Inc (COUP) CEO Sells 63,225 Shares of Stock

Coupa Software Inc (NASDAQ:COUP) CEO Robert Bernshteyn sold 63,225 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $33.13, for a total value of $2,094,644.25. Following the sale, the chief executive officer now owns 162,343 shares in the company, valued at approximately $5,378,423.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Robert Bernshteyn also recently made the following trade(s):

  • On Thursday, December 21st, Robert Bernshteyn sold 1,849 shares of Coupa Software stock. The stock was sold at an average price of $32.32, for a total value of $59,759.68.
  • On Friday, November 17th, Robert Bernshteyn sold 38,476 shares of Coupa Software stock. The stock was sold at an average price of $34.05, for a total value of $1,310,107.80.
  • On Monday, November 20th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The stock was sold at an average price of $33.95, for a total value of $2,146,488.75.
  • On Tuesday, October 17th, Robert Bernshteyn sold 24,122 shares of Coupa Software stock. The stock was sold at an average price of $35.51, for a total value of $856,572.22.
  • On Wednesday, October 18th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The shares were sold at an average price of $35.71, for a total value of $2,257,764.75.
  • On Thursday, September 21st, Robert Bernshteyn sold 1,849 shares of Coupa Software stock. The shares were sold at an average price of $31.16, for a total value of $57,614.84.
  • On Tuesday, September 19th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The shares were sold at an average price of $31.52, for a total value of $1,992,852.00.

Coupa Software Inc (COUP) traded up $1.59 on Thursday, reaching $33.59. The company’s stock had a trading volume of 1,220,281 shares, compared to its average volume of 476,946. The firm has a market capitalization of $1,850.00 and a P/E ratio of -33.59. Coupa Software Inc has a 12-month low of $22.50 and a 12-month high of $37.72.

Coupa Software (NASDAQ:COUP) last released its earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.06. The firm had revenue of $47.30 million during the quarter, compared to the consensus estimate of $45.02 million. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The firm’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.22) earnings per share. analysts forecast that Coupa Software Inc will post -0.94 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of COUP. BNP Paribas Arbitrage SA increased its holdings in shares of Coupa Software by 2,294.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock valued at $106,000 after buying an additional 3,511 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of Coupa Software in the second quarter valued at $142,000. Trexquant Investment LP bought a new position in shares of Coupa Software in the third quarter valued at $274,000. Symmetry Peak Management LLC acquired a new stake in Coupa Software during the 2nd quarter valued at $290,000. Finally, Legal & General Group Plc raised its stake in Coupa Software by 436.1% during the 2nd quarter. Legal & General Group Plc now owns 10,792 shares of the technology company’s stock valued at $312,000 after purchasing an additional 8,779 shares during the period. 74.67% of the stock is currently owned by institutional investors.

Several research analysts have commented on the company. ValuEngine raised Coupa Software from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Barclays reissued a “hold” rating and issued a $38.00 price objective (up from $34.00) on shares of Coupa Software in a report on Monday, November 27th. Zacks Investment Research raised Coupa Software from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Cantor Fitzgerald reissued a “buy” rating and issued a $38.00 price objective on shares of Coupa Software in a report on Monday, December 11th. Finally, Raymond James Financial restated a “buy” rating and issued a $40.00 target price on shares of Coupa Software in a research note on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $36.68.

TRADEMARK VIOLATION NOTICE: This story was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://stocknewstimes.com/2018/01/11/robert-bernshteyn-sells-63225-shares-of-coupa-software-coup-stock-2.html.

Coupa Software Company Profile

Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.

Insider Buying and Selling by Quarter for Coupa Software (NASDAQ:COUP)

Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply