Robert Bernshteyn Sells 63,225 Shares of Coupa Software Inc (COUP) Stock

Coupa Software Inc (NASDAQ:COUP) CEO Robert Bernshteyn sold 63,225 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.68, for a total value of $2,635,218.00. Following the sale, the chief executive officer now owns 197,244 shares in the company, valued at $8,221,129.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Wednesday, January 17th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The shares were sold at an average price of $35.27, for a total value of $2,229,945.75.
  • 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.

Coupa Software Inc (NASDAQ:COUP) traded up $0.77 during trading on Thursday, reaching $42.62. The company’s stock had a trading volume of 1,312,800 shares, compared to its average volume of 713,627. The firm has a market capitalization of $2,303.70, a price-to-earnings ratio of -53.28 and a beta of 4.73. Coupa Software Inc has a one year low of $22.50 and a one year high of $43.83.

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

Several brokerages recently commented on COUP. Barclays raised Coupa Software from an “equal weight” rating to an “overweight” rating and set a $38.00 price target on the stock in a research note on Monday, January 8th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $41.00 price target on shares of Coupa Software in a research note on Wednesday, November 15th. Northland Securities set a $41.00 price target on Coupa Software and gave the company a “buy” rating in a research note on Wednesday, January 17th. Zacks Investment Research raised Coupa Software from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Raymond James Financial reaffirmed a “buy” rating and issued a $40.00 price target on shares of Coupa Software in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $39.24.

A number of institutional investors have recently bought and sold shares of COUP. Vanguard Group Inc. boosted 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 worth $78,254,000 after purchasing an additional 1,950,862 shares in the last quarter. Sylebra HK Co Ltd boosted its stake in Coupa Software by 82.9% in the fourth quarter. Sylebra HK Co Ltd now owns 3,962,308 shares of the technology company’s stock worth $123,703,000 after purchasing an additional 1,795,516 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Coupa Software in the third quarter worth $24,428,000. Soma Equity Partners LP boosted its stake in Coupa Software by 60.0% in the third quarter. Soma Equity Partners LP now owns 1,120,000 shares of the technology company’s stock worth $34,888,000 after purchasing an additional 420,000 shares in the last quarter. Finally, State Street Corp boosted its stake in Coupa Software by 299.8% in the second quarter. State Street Corp now owns 520,042 shares of the technology company’s stock worth $15,070,000 after purchasing an additional 389,965 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

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About Coupa Software

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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