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

Coupa Software (NASDAQ:COUP) CEO Robert Bernshteyn sold 63,225 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $35.71, for a total transaction of $2,257,764.75. Following the completion of the sale, the chief executive officer now directly owns 239,671 shares of the company’s stock, valued at approximately $8,558,651.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • 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 transaction of $856,572.22.
  • On Thursday, September 21st, Robert Bernshteyn sold 1,849 shares of Coupa Software stock. The stock was sold at an average price of $31.16, for a total transaction of $57,614.84.
  • On Tuesday, September 19th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The stock was sold at an average price of $31.52, for a total transaction of $1,992,852.00.
  • On Thursday, August 17th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The stock was sold at an average price of $29.45, for a total transaction of $1,861,976.25.

Coupa Software (NASDAQ:COUP) opened at 36.00 on Thursday. Coupa Software has a one year low of $22.50 and a one year high of $37.72. The company’s 50-day moving average is $32.61 and its 200 day moving average is $32.61. The stock’s market capitalization is $1.93 billion.

Coupa Software (NASDAQ:COUP) last released its earnings results on Tuesday, September 5th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.18. The company had revenue of $44.60 million for the quarter, compared to analyst estimates of $41.59 million. Coupa Software had a negative net margin of 24.00% and a negative return on equity of 19.01%. The firm’s revenue for the quarter was up 43.4% on a year-over-year basis. Equities analysts expect that Coupa Software will post ($0.48) EPS for the current year.

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Several analysts have issued reports on the stock. ValuEngine raised shares of Coupa Software from a “sell” rating to a “hold” rating in a research note on Wednesday. First Analysis assumed coverage on shares of Coupa Software in a research note on Monday, August 7th. They issued an “overweight” rating and a $37.00 price objective for the company. Northland Securities reissued a “buy” rating and issued a $38.00 price objective on shares of Coupa Software in a research note on Thursday, August 10th. Zacks Investment Research lowered shares of Coupa Software from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Finally, Cantor Fitzgerald assumed coverage on shares of Coupa Software in a research report on Thursday, July 20th. They set an “overweight” rating and a $35.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.16.

Institutional investors have recently added to or reduced their stakes in the business. Sylebra HK Co Ltd lifted its holdings in Coupa Software by 6.5% during the 2nd quarter. Sylebra HK Co Ltd now owns 1,204,374 shares of the technology company’s stock worth $34,903,000 after buying an additional 73,654 shares in the last quarter. Capital World Investors lifted its holdings in Coupa Software by 39.2% during the 2nd quarter. Capital World Investors now owns 1,837,112 shares of the technology company’s stock worth $53,240,000 after buying an additional 517,000 shares in the last quarter. Jane Street Group LLC acquired a new stake in Coupa Software during the 1st quarter worth approximately $1,278,000. Wells Fargo & Company MN lifted its holdings in Coupa Software by 17.2% during the 2nd quarter. Wells Fargo & Company MN now owns 321,265 shares of the technology company’s stock worth $9,310,000 after buying an additional 47,131 shares in the last quarter. Finally, Lynch & Associates IN acquired a new stake in Coupa Software during the 2nd quarter worth approximately $385,000. Institutional investors own 63.60% of the company’s stock.

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)

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

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