Coupa Software Incorporated (NASDAQ: COUP) CEO Sells $ 12,167,500.00 In Stock


Coupa Software Incorporated (NASDAQ: COUP) CEO Robert Bernshteyn sold 50,000 shares of the company in a trade that took place on Friday, September 17. The shares were sold at an average price of $ 243.35, for a total trade of $ 12,167,500.00. The sale was disclosed in a file with the Securities & Exchange Commission, accessible through this link.

Robert Bernshteyn also recently completed the following transactions:

  • On Tuesday August 17, Robert Bernshteyn sold 50,000 shares of Coupa Software. The shares were sold at an average price of $ 207.52, for a total transaction of $ 10,376,000.00.
  • On Monday July 19, Robert Bernshteyn sold 50,000 shares of Coupa Software. The stock was sold at an average price of $ 219.29, for a total trade of $ 10,964,500.00.

NASDAQ: COUP shares traded at $ 2.37 in Tuesday’s noon session, reaching $ 243.63. The stock had a trading volume of 2,023,640 shares, compared to its average volume of 1,269,875. The company’s 50-day moving average price is $ 230.60 and its 200-day moving average price is of $ 244.93. The company has a market cap of $ 18.04 billion, a P / E ratio of -56.55 and a beta of 1.44. The company has a quick ratio of 0.79, a current ratio of 0.79, and a debt ratio of 0.97. Coupa Software Incorporated has a 52 week low of $ 203.51 and a 52 week high of $ 377.04.

(A d)

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Coupa Software (NASDAQ: COUP) last released its quarterly earnings data on Monday, September 6. The tech company reported earnings per share (EPS) of $ 0.26 for the quarter, beating the Zacks’ consensus estimate of ($ 0.06) by $ 0.32. The company posted revenue of $ 179.25 million in the quarter, compared to analysts’ expectations of $ 162.98 million. Coupa Software posted a negative net margin of 48.86% and a negative return on equity of 17.63%. The company’s quarterly revenue increased 42.3% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $ 0.21. Research analysts expect Coupa Software Incorporated to post -2.45 EPS for the current fiscal year.

A number of hedge funds have recently increased or reduced their holdings in the stock. Clarius Group LLC increased its position in Coupa Software by 2.9% during the 2nd quarter. Clarius Group LLC now owns 1,799 shares of the tech company valued at $ 472,000 after purchasing an additional 50 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG increased its position in Coupa Software by 5.0% in the second quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 1,045 shares of the tech company valued at $ 274,000 after purchasing an additional 50 shares in the last quarter. Fernwood Investment Management LLC strengthened its position in Coupa Software by 1.1% in the 2nd quarter. Fernwood Investment Management LLC now owns 6,015 shares of the technology company valued at $ 1,577,000 after acquiring 65 additional shares during the period. Penserra Capital Management LLC strengthened its position in Coupa Software by 39.2% in the 2nd quarter. Penserra Capital Management LLC now owns 238 shares of the tech company valued at $ 62,000 after acquiring 67 additional shares during the period. Finally, Corient Capital Partners LLC strengthened its position in Coupa Software by 5.5% in the second quarter. Corient Capital Partners LLC now owns 1,287 shares of the tech company valued at $ 337,000 after acquiring 67 additional shares during the period.

A number of equity analysts have recently weighed on COUP stocks. TheStreet reduced Coupa Software’s stock from a “c-” rating to a “d +” rating in a research report published on Monday, August 2. Mizuho raised his price target for Coupa Software shares from $ 250.00 to $ 280.00 and rated the company “neutral” in a research note on Wednesday, September 8. They noted that the move was an appraisal call. Truist Securities lowered its price target for Coupa Software stock from $ 386.00 to $ 326.00 and set a “buy” rating on the stock in a research note on Tuesday, June 8. Morgan Stanley lowered its price target for Coupa Software shares from $ 381.00 to $ 345.00 and set an “overweight” rating for the company in a research report released on Friday, July 16. Finally, Oppenheimer raised its price target for Coupa Software shares from $ 260.00 to $ 300.00 and gave the company an “outperformance” rating in a research report published on Wednesday, September 8. One equity research analyst rated the stock with a sell rating, nine gave the conservation rating, eleven issued a buy rating, and one gave the stock a strong buy rating. Based on data from MarketBeat.com, Coupa Software currently has a consensus rating of “Buy” and an average target price of $ 298.18.

About Coupa Software

Coupa Software, Inc is committed to providing enterprise expense management (BSM) solutions. Its products include invoices, expenses, salaries, expense analysis, strategic sourcing, labor contract management and supplier management. The company was founded by Noah Eisner and Dave Stephens in 2006 and is headquartered in San Mateo, California.

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Insider Buys and Sells by Quarter for Coupa Software (NASDAQ: COUP)

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