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

Coupa Software (NASDAQ:COUP) CEO Robert Bernshteyn sold 63,225 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $31.52, for a total transaction of $1,992,852.00. Following the transaction, the chief executive officer now directly owns 280,665 shares in the company, valued at $8,846,560.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, August 17th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The shares were sold at an average price of $29.45, for a total transaction of $1,861,976.25.
  • On Monday, July 17th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The shares were sold at an average price of $30.49, for a total transaction of $1,927,730.25.
  • On Wednesday, June 21st, Robert Bernshteyn sold 1,841 shares of Coupa Software stock. The shares were sold at an average price of $30.70, for a total transaction of $56,518.70.

Shares of Coupa Software (NASDAQ COUP) opened at 31.42 on Wednesday. Coupa Software has a one year low of $23.52 and a one year high of $41.61. The company’s market capitalization is $1.68 billion. The company’s 50 day moving average is $31.47 and its 200 day moving average is $31.47.

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

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Several institutional investors have recently modified their holdings of the company. Nationwide Fund Advisors grew its holdings in shares of Coupa Software by 22.7% in the first quarter. Nationwide Fund Advisors now owns 5,131 shares of the technology company’s stock worth $130,000 after purchasing an additional 949 shares during the last quarter. Pier Capital LLC lifted its stake in Coupa Software by 0.6% in the first quarter. Pier Capital LLC now owns 192,834 shares of the technology company’s stock worth $4,898,000 after acquiring an additional 1,244 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Coupa Software by 5.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 28,056 shares of the technology company’s stock worth $713,000 after acquiring an additional 1,368 shares during the period. JPMorgan Chase & Co. lifted its stake in Coupa Software by 1.2% in the first quarter. JPMorgan Chase & Co. now owns 207,666 shares of the technology company’s stock worth $5,274,000 after acquiring an additional 2,560 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in Coupa Software by 2,294.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock worth $106,000 after acquiring an additional 3,511 shares during the period. Hedge funds and other institutional investors own 63.60% of the company’s stock.

Several equities analysts have commented on COUP shares. Royal Bank Of Canada raised their target price on shares of Coupa Software from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, June 1st. Morgan Stanley reissued an “equal weight” rating and issued a $31.00 target price (up from $29.00) on shares of Coupa Software in a report on Saturday, June 3rd. Barclays PLC raised their target price on shares of Coupa Software from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Tuesday, June 6th. JMP Securities reissued an “outperform” rating and issued a $40.00 target price (up from $32.00) on shares of Coupa Software in a report on Tuesday, June 6th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $31.00 target price (up from $27.00) on shares of Coupa Software in a report on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Coupa Software presently has an average rating of “Hold” and a consensus target price of $34.61.

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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