Coupa Software Inc (COUP) CEO Robert Bernshteyn Sells 5,558 Shares of Stock

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Coupa Software Inc (NASDAQ:COUP) CEO Robert Bernshteyn sold 5,558 shares of Coupa Software stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $96.19, for a total transaction of $534,624.02. Following the completion of the sale, the chief executive officer now owns 154,678 shares of the company’s stock, valued at $14,878,476.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Monday, March 18th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The shares were sold at an average price of $93.47, for a total transaction of $5,909,640.75.
  • On Tuesday, February 19th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The shares were sold at an average price of $95.11, for a total transaction of $6,013,329.75.
  • On Thursday, January 17th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The shares were sold at an average price of $72.18, for a total transaction of $4,563,580.50.

NASDAQ:COUP traded down $8.89 during mid-day trading on Friday, reaching $90.40. The stock had a trading volume of 3,134,915 shares, compared to its average volume of 1,978,058. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of -134.93 and a beta of 1.87. Coupa Software Inc has a 12 month low of $43.89 and a 12 month high of $100.00.

Coupa Software (NASDAQ:COUP) last posted its earnings results on Monday, March 11th. The technology company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.08. The firm had revenue of $74.91 million for the quarter, compared to analysts’ expectations of $68.07 million. Coupa Software had a negative net margin of 21.33% and a negative return on equity of 14.84%. As a group, sell-side analysts predict that Coupa Software Inc will post -0.68 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Coupa Software by 11.3% during the third quarter. Vanguard Group Inc. now owns 4,610,782 shares of the technology company’s stock worth $364,712,000 after buying an additional 467,714 shares during the last quarter. Vanguard Group Inc grew its stake in shares of Coupa Software by 11.3% in the third quarter. Vanguard Group Inc now owns 4,610,782 shares of the technology company’s stock worth $364,712,000 after purchasing an additional 467,714 shares during the last quarter. BlackRock Inc. grew its stake in shares of Coupa Software by 20.9% in the fourth quarter. BlackRock Inc. now owns 4,206,903 shares of the technology company’s stock worth $264,447,000 after purchasing an additional 726,412 shares during the last quarter. Morgan Stanley grew its stake in shares of Coupa Software by 3.8% in the third quarter. Morgan Stanley now owns 3,733,253 shares of the technology company’s stock worth $295,300,000 after purchasing an additional 137,624 shares during the last quarter. Finally, Sylebra HK Co Ltd grew its stake in shares of Coupa Software by 2.4% in the fourth quarter. Sylebra HK Co Ltd now owns 3,562,820 shares of the technology company’s stock worth $223,959,000 after purchasing an additional 81,852 shares during the last quarter. 98.19% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Coupa Software from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Loop Capital lifted their price objective on shares of Coupa Software to $105.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Morgan Stanley lifted their price objective on shares of Coupa Software from $70.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, March 8th. Needham & Company LLC reissued a “buy” rating and issued a $108.00 price objective (up from $83.00) on shares of Coupa Software in a research note on Tuesday, March 12th. They noted that the move was a valuation call. Finally, Oppenheimer lifted their price objective on shares of Coupa Software from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, March 13th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $93.00.

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About Coupa Software

Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.

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