Coupa Software (NASDAQ:COUP) CEO Robert Bernshteyn sold 1,849 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $31.16, for a total value of $57,614.84. Following the completion of the sale, the chief executive officer now owns 265,642 shares in the company, valued at $8,277,404.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • 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.
  • 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 value 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 value of $1,927,730.25.

Coupa Software (COUP) traded down 0.13% during mid-day trading on Friday, reaching $31.33. The company’s stock had a trading volume of 460,437 shares. The stock’s market capitalization is $1.68 billion. The stock’s 50 day moving average price is $31.47 and its 200 day moving average price is $31.47. Coupa Software has a 1-year low of $23.52 and a 1-year high of $41.61.

Coupa Software (NASDAQ:COUP) last issued its quarterly earnings data on Tuesday, September 5th. The technology company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $44.60 million for the quarter, compared to analyst estimates of $41.59 million. The company’s quarterly revenue was up 43.4% compared to the same quarter last year. Analysts expect that Coupa Software will post ($0.48) EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the business. Nationwide Fund Advisors lifted its holdings in Coupa Software by 22.7% in the 1st quarter. Nationwide Fund Advisors now owns 5,131 shares of the technology company’s stock worth $130,000 after buying an additional 949 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Coupa Software by 5.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 28,056 shares of the technology company’s stock worth $713,000 after buying an additional 1,368 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Coupa Software by 1.2% in the 1st quarter. JPMorgan Chase & Co. now owns 207,666 shares of the technology company’s stock worth $5,274,000 after buying an additional 2,560 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Coupa Software by 2,294.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock worth $106,000 after buying an additional 3,511 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in Coupa Software in the 2nd quarter worth $142,000. Hedge funds and other institutional investors own 63.60% of the company’s stock.

Several brokerages have recently issued reports on COUP. Zacks Investment Research cut Coupa Software from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. Cantor Fitzgerald reiterated a “buy” rating and issued a $36.00 price objective on shares of Coupa Software in a research note on Wednesday, September 6th. Royal Bank Of Canada increased their price objective on Coupa Software from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, September 6th. Northland Securities reiterated a “buy” rating and issued a $38.00 price objective on shares of Coupa Software in a research note on Thursday, August 10th. Finally, First Analysis began coverage on Coupa Software in a research note on Monday, August 7th. They issued an “overweight” rating and a $37.00 price objective on the stock. 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 company’s stock. The company has an average rating of “Hold” and an average 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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