Coupa Software (NASDAQ:COUP) CEO Robert Bernshteyn sold 38,476 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $34.05, for a total value of $1,310,107.80. Following the completion of the sale, the chief executive officer now owns 162,092 shares in the company, valued at $5,519,232.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Monday, November 20th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The stock was sold at an average price of $33.95, for a total value of $2,146,488.75.
  • On Tuesday, October 17th, Robert Bernshteyn sold 24,122 shares of Coupa Software stock. The stock was sold at an average price of $35.51, for a total value of $856,572.22.
  • On Wednesday, October 18th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The stock was sold at an average price of $35.71, for a total value of $2,257,764.75.
  • On Thursday, September 21st, Robert Bernshteyn sold 1,849 shares of Coupa Software stock. The stock was sold at an average price of $31.16, for a total value of $57,614.84.
  • On Tuesday, September 19th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The stock was sold at an average price of $31.52, for a total value of $1,992,852.00.

Shares of Coupa Software (COUP) traded up $0.47 during midday trading on Wednesday, hitting $34.52. The company had a trading volume of 241,900 shares, compared to its average volume of 466,104. Coupa Software has a 12-month low of $22.50 and a 12-month high of $37.72.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Tuesday, September 5th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.18. The firm had revenue of $44.60 million during the quarter, compared to analyst estimates of $41.59 million. Coupa Software had a negative return on equity of 19.01% and a negative net margin of 24.00%. The company’s revenue was up 43.4% compared to the same quarter last year. research analysts expect that Coupa Software will post -1 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. lifted its holdings in Coupa Software by 5.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 28,056 shares of the technology company’s stock worth $713,000 after buying an additional 1,368 shares during the period. American International Group Inc. lifted its holdings in shares of Coupa Software by 8.1% during the 3rd quarter. American International Group Inc. now owns 19,989 shares of the technology company’s stock valued at $623,000 after purchasing an additional 1,494 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Coupa Software by 2.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 113,344 shares of the technology company’s stock valued at $3,531,000 after purchasing an additional 2,782 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Coupa Software by 2,294.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock valued at $106,000 after purchasing an additional 3,511 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Coupa Software during the 2nd quarter valued at $142,000. Institutional investors own 66.95% of the company’s stock.

COUP has been the topic of several analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $41.00 price objective on shares of Coupa Software in a research note on Wednesday, November 15th. Zacks Investment Research raised Coupa Software from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. First Analysis initiated coverage on Coupa Software in a research note on Monday, August 7th. They set an “overweight” rating and a $37.00 price objective on the stock. Northland Securities reissued a “buy” rating and set a $38.00 price objective on shares of Coupa Software in a research note on Thursday, August 10th. Finally, ValuEngine raised Coupa Software from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $35.16.

About Coupa Software

Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.

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

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