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

Coupa Software Inc (NASDAQ:COUP) CEO Robert Bernshteyn sold 63,225 shares of Coupa Software stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $143.63, for a total transaction of $9,081,006.75. Following the sale, the chief executive officer now directly owns 224,352 shares in the company, valued at approximately $32,223,677.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, June 21st, Robert Bernshteyn sold 8,148 shares of Coupa Software stock. The stock was sold at an average price of $125.70, for a total transaction of $1,024,203.60.
  • On Monday, June 17th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The stock was sold at an average price of $122.25, for a total transaction of $7,729,256.25.
  • On Friday, May 17th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The stock was sold at an average price of $110.19, for a total transaction of $6,966,762.75.

NASDAQ COUP opened at $143.91 on Monday. Coupa Software Inc has a 52 week low of $52.01 and a 52 week high of $148.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.07. The business’s fifty day moving average is $126.94. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of -214.79 and a beta of 1.61.

Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Monday, June 3rd. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.26) by $0.29. Coupa Software had a negative return on equity of 14.29% and a negative net margin of 21.22%. The business had revenue of $81.30 million for the quarter, compared to analyst estimates of $73.85 million. During the same quarter in the previous year, the firm earned ($0.01) EPS. The company’s quarterly revenue was up 44.1% compared to the same quarter last year. As a group, equities research analysts expect that Coupa Software Inc will post -1.19 earnings per share for the current fiscal year.

COUP has been the topic of several recent research reports. Oppenheimer lifted their target price on shares of Carlisle Companies from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 18th. Bank of America began coverage on shares of Guangshen Railway Co. Ltd ADR Class H in a research note on Wednesday, June 26th. They set an “underperform” rating on the stock. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Barclays lifted their price target on Coupa Software from $95.00 to $101.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 4th. They noted that the move was a valuation call. Finally, Raymond James reiterated an “outperform” rating and set a C$5.50 price target on shares of OceanaGold in a report on Tuesday, June 4th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Coupa Software currently has a consensus rating of “Buy” and an average price target of $115.94.

Institutional investors and hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors raised its holdings in Coupa Software by 58.1% in the 4th quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock valued at $28,000 after buying an additional 161 shares during the period. Destination Wealth Management purchased a new stake in Coupa Software in the 2nd quarter valued at about $44,000. Nisa Investment Advisors LLC raised its holdings in Coupa Software by 39.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock valued at $51,000 after buying an additional 115 shares during the period. FNY Investment Advisers LLC purchased a new stake in Coupa Software in the 1st quarter valued at about $70,000. Finally, Advisor Group Inc. raised its holdings in Coupa Software by 114.5% in the 4th quarter. Advisor Group Inc. now owns 1,521 shares of the technology company’s stock valued at $96,000 after buying an additional 812 shares during the period. Hedge funds and other institutional investors own 99.14% of the company’s stock.

Coupa Software Company Profile

Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.

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

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