Coupa Software Inc (NASDAQ:COUP) CEO Robert Bernshteyn sold 63,225 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $110.19, for a total value of $6,966,762.75. Following the transaction, the chief executive officer now directly owns 217,632 shares in the company, valued at $23,980,870.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Robert Bernshteyn also recently made the following trade(s):
- On Wednesday, April 17th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The shares were sold at an average price of $90.20, for a total value of $5,702,895.00.
- On Thursday, March 21st, Robert Bernshteyn sold 5,558 shares of Coupa Software stock. The shares were sold at an average price of $96.19, for a total value of $534,624.02.
- 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 value 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 value of $6,013,329.75.
COUP stock traded down $1.35 during trading on Friday, reaching $109.98. The stock had a trading volume of 1,503,300 shares, compared to its average volume of 1,418,562. Coupa Software Inc has a 52 week low of $49.62 and a 52 week high of $111.90. The company has a market cap of $6.66 billion, a price-to-earnings ratio of -164.15 and a beta of 1.88.
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, beating analysts’ consensus estimates of ($0.26) by $0.08. Coupa Software had a negative return on equity of 14.28% and a negative net margin of 21.33%. The company had revenue of $74.91 million for the quarter, compared to the consensus estimate of $68.07 million. On average, sell-side analysts anticipate that Coupa Software Inc will post -0.78 EPS for the current year.
Hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors raised its stake in shares of Coupa Software by 58.1% in the fourth quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock worth $28,000 after buying an additional 161 shares during the period. Karp Capital Management Corp bought a new position in shares of Coupa Software in the fourth quarter worth about $31,000. PRW Wealth Management LLC bought a new position in shares of Coupa Software in the fourth quarter worth about $34,000. FNY Investment Advisers LLC bought a new position in shares of Coupa Software in the first quarter worth about $70,000. Finally, US Bancorp DE raised its stake in shares of Coupa Software by 77.8% in the first quarter. US Bancorp DE now owns 937 shares of the technology company’s stock worth $85,000 after buying an additional 410 shares during the period. 95.69% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on COUP. Bank of America began coverage on Coupa Software in a report on Monday. They set a “buy” rating and a $120.00 price target on the stock. KeyCorp began coverage on Coupa Software in a report on Tuesday, April 30th. They set an “overweight” rating and a $123.00 price target on the stock. Zacks Investment Research downgraded Coupa Software from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Goldman Sachs Group started coverage on Coupa Software in a report on Friday, February 1st. They issued a “buy” rating and a $96.00 target price on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $108.00 target price (up previously from $83.00) on shares of Coupa Software in a report on Tuesday, March 12th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $96.80.
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Coupa Software Company Profile
Coupa Software Incorporated provides cloud-based business 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.
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