Coupa Software Inc (NASDAQ:COUP) CEO Robert Bernshteyn Sells 63,225 Shares

Coupa Software Inc (NASDAQ:COUP) CEO Robert Bernshteyn sold 63,225 shares of Coupa Software stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $35.27, for a total value of $2,229,945.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Thursday, December 21st, Robert Bernshteyn sold 1,849 shares of Coupa Software stock. The shares were sold at an average price of $32.32, for a total value of $59,759.68.
  • On Friday, December 15th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The shares were sold at an average price of $33.13, for a total value of $2,094,644.25.
  • 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.

Coupa Software Inc (COUP) remained flat at $$39.16 during mid-day trading on Friday. The company had a trading volume of 998,532 shares, compared to its average volume of 674,912. The stock has a market cap of $2,155.64, a PE ratio of -48.95 and a beta of 4.73. Coupa Software Inc has a fifty-two week low of $22.50 and a fifty-two week high of $40.31.

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

A number of hedge funds and other institutional investors have recently modified their holdings of COUP. Vanguard Group Inc. lifted its stake in Coupa Software by 260.3% in the second quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock valued at $78,254,000 after buying an additional 1,950,862 shares during the last quarter. Sylebra HK Co Ltd lifted its stake in Coupa Software by 79.9% in the third quarter. Sylebra HK Co Ltd now owns 2,166,792 shares of the technology company’s stock valued at $67,496,000 after buying an additional 962,418 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in Coupa Software in the third quarter valued at approximately $24,428,000. Voya Investment Management LLC purchased a new stake in Coupa Software in the second quarter valued at approximately $22,196,000. Finally, Janus Henderson Group PLC purchased a new stake in Coupa Software in the second quarter valued at approximately $18,242,000. Institutional investors own 75.09% of the company’s stock.

COUP has been the subject of a number of analyst reports. Royal Bank of Canada reissued a “buy” rating and set a $41.00 price objective on shares of Coupa Software in a research report on Wednesday, November 15th. Zacks Investment Research raised Coupa Software from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Thursday, December 7th. Cantor Fitzgerald reissued a “buy” rating and set a $36.00 price objective on shares of Coupa Software in a research report on Tuesday, December 5th. Oppenheimer initiated coverage on Coupa Software in a research report on Thursday, December 21st. They set a “buy” rating and a $41.00 price objective for the company. Finally, Raymond James Financial reissued a “buy” rating and set a $40.00 price objective on shares of Coupa Software in a research report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $38.52.

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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)

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