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

Coupa Software Inc (NASDAQ:COUP) CEO Robert Bernshteyn sold 5,558 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was 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 in the company, valued at approximately $14,878,476.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, March 18th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The stock was 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 stock was 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 stock was sold at an average price of $72.18, for a total transaction of $4,563,580.50.

Shares of NASDAQ COUP traded up $0.72 during midday trading on Monday, reaching $97.31. The stock had a trading volume of 809,379 shares, compared to its average volume of 1,526,401. The stock has a market cap of $6.01 billion, a PE ratio of -145.24 and a beta of 1.85. Coupa Software Inc has a 12-month low of $45.77 and a 12-month high of $100.00.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings data on Monday, March 11th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.08. The firm had revenue of $74.91 million during 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 14.28%. On average, sell-side analysts expect that Coupa Software Inc will post -0.68 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Coupa Software from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Loop Capital upped their target price on shares of Coupa Software to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Oppenheimer increased their price objective on shares of Coupa Software from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, March 13th. JMP Securities restated a “hold” rating on shares of Coupa Software in a research report on Wednesday, March 13th. Finally, Barclays restated a “hold” rating and set a $86.00 price objective on shares of Coupa Software in a research report on Wednesday, March 13th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $93.00.

A number of institutional investors and hedge funds have recently bought and sold shares of COUP. Bank of New York Mellon Corp grew its stake in Coupa Software by 35.0% during the second quarter. Bank of New York Mellon Corp now owns 219,325 shares of the technology company’s stock valued at $13,651,000 after acquiring an additional 56,892 shares in the last quarter. American Century Companies Inc. purchased a new position in Coupa Software during the third quarter valued at $4,583,000. SG Americas Securities LLC grew its stake in Coupa Software by 917.0% during the third quarter. SG Americas Securities LLC now owns 24,938 shares of the technology company’s stock valued at $1,973,000 after acquiring an additional 22,486 shares in the last quarter. Swiss National Bank grew its stake in Coupa Software by 3.0% during the third quarter. Swiss National Bank now owns 79,000 shares of the technology company’s stock valued at $6,249,000 after acquiring an additional 2,300 shares in the last quarter. Finally, AXA grew its stake in Coupa Software by 132.1% during the third quarter. AXA now owns 78,017 shares of the technology company’s stock valued at $6,171,000 after acquiring an additional 44,400 shares in the last quarter. 96.12% of the stock is owned by institutional investors.

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Coupa Software Company Profile

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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