Insider Selling: Coupa Software Inc (NASDAQ:COUP) CEO Sells $9,081,006.75 in Stock

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Coupa Software Inc (NASDAQ:COUP) CEO Robert Bernshteyn sold 63,225 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 224,352 shares in the company, valued at $32,223,677.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.

COUP stock opened at $143.91 on Monday. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of -214.79 and a beta of 1.61. The firm’s 50-day moving average price is $126.94. Coupa Software Inc has a one year low of $52.01 and a one year high of $148.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.07.

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

COUP has been the topic of several recent research reports. Barclays increased their target price on shares of 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. SunTrust Banks increased their target price on shares of Mirati Therapeutics to $120.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. KeyCorp increased their target price on shares of Coupa Software from $130.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Finally, Loop Capital increased their target price on shares of Coupa Software to $125.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $115.94.

Several hedge funds have recently added to or reduced their stakes in COUP. Destination Wealth Management purchased a new position in Coupa Software during the 2nd quarter worth approximately $44,000. Abner Herrman & Brock LLC acquired a new stake in shares of Coupa Software during the 2nd quarter worth approximately $253,000. Barton Investment Management grew its stake in shares of Coupa Software by 70.1% during the 2nd quarter. Barton Investment Management now owns 160,280 shares of the technology company’s stock worth $20,293,000 after purchasing an additional 66,045 shares during the period. First Hawaiian Bank grew its stake in shares of Coupa Software by 8.9% during the 2nd quarter. First Hawaiian Bank now owns 3,320 shares of the technology company’s stock worth $420,000 after purchasing an additional 270 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of Coupa Software by 39.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock worth $51,000 after purchasing an additional 115 shares during the period. 99.14% of the stock is owned by institutional investors and hedge funds.

About Coupa Software

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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