Robert Bernshteyn Sells 7,853 Shares of Coupa Software Incorporated (NASDAQ:COUP) Stock

Coupa Software Incorporated (NASDAQ:COUP) CEO Robert Bernshteyn sold 7,853 shares of the stock in a transaction on Tuesday, September 21st. The stock was sold at an average price of $246.01, for a total value of $1,931,916.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Friday, September 17th, Robert Bernshteyn sold 50,000 shares of Coupa Software stock. The stock was sold at an average price of $243.35, for a total value of $12,167,500.00.
  • On Tuesday, August 17th, Robert Bernshteyn sold 50,000 shares of Coupa Software stock. The stock was sold at an average price of $207.52, for a total value of $10,376,000.00.
  • On Monday, July 19th, Robert Bernshteyn sold 50,000 shares of Coupa Software stock. The shares were sold at an average price of $219.29, for a total value of $10,964,500.00.

Shares of NASDAQ COUP opened at $247.13 on Friday. Coupa Software Incorporated has a one year low of $203.51 and a one year high of $377.04. The firm has a market capitalization of $18.30 billion, a PE ratio of -56.81 and a beta of 1.44. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.97. The business has a 50-day moving average price of $230.56 and a two-hundred day moving average price of $244.64.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings data on Monday, September 6th. The technology company reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.32. Coupa Software had a negative return on equity of 17.63% and a negative net margin of 48.86%. The firm had revenue of $179.25 million during the quarter, compared to analyst estimates of $162.98 million. During the same period last year, the company posted $0.21 EPS. The business’s quarterly revenue was up 42.3% compared to the same quarter last year. Research analysts anticipate that Coupa Software Incorporated will post -2.45 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in COUP. Commonwealth Equity Services LLC boosted its position in Coupa Software by 14.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,128 shares of the technology company’s stock worth $541,000 after acquiring an additional 271 shares during the period. Standard Life Aberdeen plc raised its stake in shares of Coupa Software by 2.9% during the 1st quarter. Standard Life Aberdeen plc now owns 7,198 shares of the technology company’s stock worth $1,832,000 after purchasing an additional 203 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of Coupa Software during the 1st quarter worth about $418,000. Blueshift Asset Management LLC purchased a new stake in shares of Coupa Software during the 1st quarter worth about $572,000. Finally, Arizona State Retirement System raised its stake in shares of Coupa Software by 3.2% during the 1st quarter. Arizona State Retirement System now owns 19,851 shares of the technology company’s stock worth $5,052,000 after purchasing an additional 618 shares in the last quarter.

A number of brokerages have recently commented on COUP. Zacks Investment Research raised Coupa Software from a “sell” rating to a “hold” rating and set a $235.00 price target on the stock in a report on Friday, June 11th. Wells Fargo & Company raised their price target on Coupa Software from $255.00 to $270.00 and gave the company an “equal weight” rating in a report on Wednesday, September 8th. Barclays raised their price target on Coupa Software from $250.00 to $275.00 and gave the company an “equal weight” rating in a report on Wednesday, September 8th. TheStreet cut Coupa Software from a “c-” rating to a “d+” rating in a research note on Monday, August 2nd. Finally, Truist Securities decreased their target price on Coupa Software from $386.00 to $326.00 and set a “buy” rating for the company in a research note on Tuesday, June 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $298.18.

About Coupa Software

Coupa Software, Inc engages in the provision of business spend management (BSM) solutions. Its products include invoice, expense, pay, spend analysis, strategic sourcing, contract management contingent workforce, and supplier management. The company was founded by Noah Eisner and Dave Stephens in 2006 and is headquartered in San Mateo, CA.

Featured Story: S&P 500 Index

Insider Buying and Selling by Quarter for Coupa Software (NASDAQ:COUP)

Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.