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

Coupa Software (NASDAQ:COUP) CEO Robert Bernshteyn sold 63,225 shares of Coupa Software stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $33.95, for a total value of $2,146,488.75. Following the transaction, the chief executive officer now directly owns 162,092 shares in the company, valued at approximately $5,503,023.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Friday, November 17th, Robert Bernshteyn sold 38,476 shares of Coupa Software stock. The shares were sold at an average price of $34.05, for a total value of $1,310,107.80.
  • On Tuesday, October 17th, Robert Bernshteyn sold 24,122 shares of Coupa Software stock. The shares were 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 (COUP) traded up $0.77 on Thursday, hitting $32.85. The stock had a trading volume of 450,070 shares, compared to its average volume of 471,551. Coupa Software has a 1-year low of $22.50 and a 1-year high of $37.72.

Coupa Software (NASDAQ:COUP) last released its quarterly earnings data on Monday, December 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. Coupa Software had a negative return on equity of 20.71% and a negative net margin of 24.37%. The business had revenue of $47.30 million for the quarter, compared to analysts’ expectations of $45.02 million. During the same period in the previous year, the business posted ($0.22) earnings per share. Coupa Software’s quarterly revenue was up 33.6% on a year-over-year basis. analysts predict that Coupa Software will post -1 EPS for the current year.

COUP has been the subject of several research reports. Northland Securities reiterated a “buy” rating and set a $38.00 price target on shares of Coupa Software in a report on Thursday, August 10th. Cantor Fitzgerald restated a “buy” rating and issued a $36.00 target price on shares of Coupa Software in a report on Wednesday, September 6th. Zacks Investment Research upgraded Coupa Software from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Thursday. Royal Bank Of Canada restated a “buy” rating and issued a $41.00 target price on shares of Coupa Software in a report on Wednesday, November 15th. Finally, ValuEngine upgraded Coupa Software from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $35.69.

Large investors have recently made changes to their positions in the business. Verition Fund Management LLC bought a new stake in Coupa Software in the second quarter valued at $384,000. Sylebra HK Co Ltd grew its position in Coupa Software by 6.5% in the second quarter. Sylebra HK Co Ltd now owns 1,204,374 shares of the technology company’s stock valued at $34,903,000 after acquiring an additional 73,654 shares during the period. 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. Capital World Investors boosted its stake in Coupa Software by 39.2% in the second quarter. Capital World Investors now owns 1,837,112 shares of the technology company’s stock worth $53,240,000 after purchasing an additional 517,000 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Coupa Software by 17.2% in the second quarter. Wells Fargo & Company MN now owns 321,265 shares of the technology company’s stock worth $9,310,000 after purchasing an additional 47,131 shares in the last quarter. Hedge funds and other institutional investors own 76.68% of the company’s stock.

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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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