COUPA SOFTWARE (NASDAQ:COUP) CEO Robert Bernshteyn sold 63,225 shares of COUPA SOFTWARE stock in a transaction on 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 of the company’s stock, valued at $8,846,560.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was 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 stock was 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 stock was sold at an average price of $30.70, for a total transaction of $56,518.70.

Shares of COUPA SOFTWARE (NASDAQ:COUP) opened at 31.10 on Thursday. COUPA SOFTWARE has a 52 week low of $23.52 and a 52 week high of $41.61. The stock’s market capitalization is $1.67 billion. The stock’s 50 day moving average is $31.47 and its 200-day moving average is $31.47.

COUPA SOFTWARE (NASDAQ:COUP) last released its quarterly earnings results on Tuesday, September 5th. The technology company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.18. The business had revenue of $44.60 million during the quarter, compared to analysts’ expectations of $41.59 million. COUPA SOFTWARE had a negative return on equity of 19.01% and a negative net margin of 24.00%. The firm’s quarterly revenue was up 43.4% on a year-over-year basis. On average, analysts anticipate that COUPA SOFTWARE will post ($0.48) earnings per share for the current fiscal year.

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Several research analysts have commented on COUP shares. Cantor Fitzgerald started coverage on shares of COUPA SOFTWARE in a research note on Thursday, July 20th. They set an “overweight” rating and a $35.00 price objective for the company. Northland Securities reaffirmed a “buy” rating and set a $38.00 price objective on shares of COUPA SOFTWARE in a research note on Thursday, August 10th. Barclays PLC lifted their price objective on shares of COUPA SOFTWARE from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 6th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $31.00 price objective (up from $27.00) on shares of COUPA SOFTWARE in a research note on Tuesday, June 6th. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $40.00 price objective (up from $34.00) on shares of COUPA SOFTWARE in a research note on Wednesday, June 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. COUPA SOFTWARE has an average rating of “Hold” and an average target price of $34.61.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COUP. BNP Paribas Arbitrage SA grew its holdings in shares of COUPA SOFTWARE by 2,294.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock worth $106,000 after purchasing an additional 3,511 shares during the period. Nationwide Fund Advisors grew its holdings in shares of COUPA SOFTWARE by 22.7% during the 1st 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 period. American International Group Inc. purchased a new position in shares of COUPA SOFTWARE during the 1st quarter worth $132,000. Hillsdale Investment Management Inc. purchased a new position in shares of COUPA SOFTWARE during the 2nd quarter worth $142,000. Finally, Teachers Advisors LLC purchased a new position in shares of COUPA SOFTWARE during the 4th quarter worth $268,000. Institutional investors and hedge funds own 63.60% of the company’s stock.

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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