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 that occurred on Friday, May 17th. The shares were sold at an average price of $110.19, for a total value of $6,966,762.75. Following the transaction, the chief executive officer now owns 217,632 shares of the company’s stock, valued at approximately $23,980,870.08. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Wednesday, April 17th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The shares were sold at an average price of $90.20, for a total value of $5,702,895.00.
  • On Thursday, March 21st, Robert Bernshteyn sold 5,558 shares of Coupa Software stock. The shares were sold at an average price of $96.19, for a total value of $534,624.02.
  • On Monday, March 18th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The shares were sold at an average price of $93.47, for a total value of $5,909,640.75.
  • On Tuesday, February 19th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The shares were sold at an average price of $95.11, for a total value of $6,013,329.75.

Shares of NASDAQ:COUP traded down $1.35 during trading on Friday, hitting $109.98. The company had a trading volume of 1,503,300 shares, compared to its average volume of 1,418,562. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of -164.15 and a beta of 1.88. Coupa Software Inc has a one year low of $49.62 and a one year high of $111.90.

Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data on Monday, March 11th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.08. The business had revenue of $74.91 million during the quarter, compared to analyst estimates of $68.07 million. Coupa Software had a negative return on equity of 14.28% and a negative net margin of 21.33%. On average, analysts expect that Coupa Software Inc will post -0.78 earnings per share for the current year.

Several large investors have recently bought and sold shares of COUP. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Coupa Software by 4.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,814 shares of the technology company’s stock worth $256,000 after acquiring an additional 121 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Coupa Software by 58.1% during the 4th quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock worth $28,000 after acquiring an additional 161 shares during the last quarter. Caxton Associates LP lifted its stake in shares of Coupa Software by 8.3% during the 4th quarter. Caxton Associates LP now owns 3,988 shares of the technology company’s stock worth $251,000 after acquiring an additional 307 shares during the last quarter. US Bancorp DE lifted its stake in shares of Coupa Software by 77.8% during the 1st quarter. US Bancorp DE now owns 937 shares of the technology company’s stock worth $85,000 after acquiring an additional 410 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of Coupa Software during the 4th quarter worth approximately $31,000. 95.69% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on COUP shares. Royal Bank of Canada raised their price target on Coupa Software from $84.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, March 8th. Zacks Investment Research cut Coupa Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 5th. Oppenheimer raised their price target on Coupa Software from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, March 13th. Morgan Stanley raised their price target on Coupa Software from $70.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, March 8th. Finally, Loop Capital raised their price target on Coupa Software to $85.00 and gave the company a “buy” rating in a report on Thursday, January 24th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Coupa Software presently has an average rating of “Buy” and a consensus price target of $96.80.

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About Coupa Software

Coupa Software Incorporated provides cloud-based business 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.

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

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