Coupa Software Inc (NASDAQ:COUP) CEO Robert Bernshteyn sold 63,225 shares of Coupa Software stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $143.63, for a total value of $9,081,006.75. Following the sale, the chief executive officer now owns 224,352 shares of the company’s stock, valued at $32,223,677.76. The sale was disclosed in a legal filing with the SEC, which is available 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 shares were sold at an average price of $125.70, for a total value of $1,024,203.60.
  • On Monday, June 17th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The shares were sold at an average price of $122.25, for a total value 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 value of $6,966,762.75.

NASDAQ COUP traded down $1.86 on Friday, reaching $143.91. The company had a trading volume of 951,948 shares, compared to its average volume of 1,544,609. The company has a 50 day moving average of $126.21. The company has a market capitalization of $9.13 billion, a PE ratio of -216.93 and a beta of 1.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.07. Coupa Software Inc has a 52 week low of $52.01 and a 52 week high of $148.00.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COUP. FMR LLC increased its holdings in shares of Coupa Software by 86.9% in the first quarter. FMR LLC now owns 3,467,506 shares of the technology company’s stock worth $315,474,000 after acquiring an additional 1,612,326 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Coupa Software by 9.2% in the first quarter. BlackRock Inc. now owns 4,594,228 shares of the technology company’s stock worth $417,984,000 after acquiring an additional 387,325 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in shares of Coupa Software by 59.4% in the first quarter. TimesSquare Capital Management LLC now owns 903,800 shares of the technology company’s stock worth $82,228,000 after acquiring an additional 336,700 shares in the last quarter. Norges Bank bought a new stake in shares of Coupa Software in the fourth quarter worth about $19,200,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Coupa Software in the first quarter worth about $15,415,000. Institutional investors and hedge funds own 99.14% of the company’s stock.

A number of analysts have recently issued reports on the company. Barclays boosted their price objective on Coupa Software from $95.00 to $101.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 4th. They noted that the move was a valuation call. Loop Capital boosted their price objective on Coupa Software to $125.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Bank of America initiated coverage on Guangshen Railway Co. Ltd ADR Class H in a research report on Wednesday, June 26th. They set an “underperform” rating for the company. JPMorgan Chase & Co. initiated coverage on INTL CONS AIRL/S in a research report on Tuesday, June 4th. They set an “overweight” rating for the company. Finally, Raymond James restated an “outperform” rating and set a C$5.50 target price on shares of OceanaGold in a research report on Tuesday, June 4th. Six 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 a consensus target price of $115.94.

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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