Insider Selling: Coupa Software Inc (COUP) CEO Sells 63,225 Shares of Stock
Coupa Software Inc (NASDAQ:COUP) CEO Robert Bernshteyn sold 63,225 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $77.24, for a total value of $4,883,499.00. Following the sale, the chief executive officer now owns 204,218 shares in the company, valued at approximately $15,773,798.32. The transaction 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, August 17th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The stock was sold at an average price of $66.73, for a total value of $4,219,004.25.
- On Tuesday, July 17th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The stock was sold at an average price of $65.81, for a total value of $4,160,837.25.
- On Thursday, June 21st, Robert Bernshteyn sold 5,558 shares of Coupa Software stock. The stock was sold at an average price of $63.61, for a total value of $353,544.38.
NASDAQ:COUP traded up $0.55 during mid-day trading on Tuesday, hitting $77.13. The company had a trading volume of 669,100 shares, compared to its average volume of 804,142. Coupa Software Inc has a 1 year low of $30.15 and a 1 year high of $84.53. The firm has a market capitalization of $4.59 billion, a PE ratio of -103.75 and a beta of 1.07.
Several research analysts recently weighed in on COUP shares. Needham & Company LLC increased their target price on Coupa Software from $63.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Zacks Investment Research lowered Coupa Software from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Northland Securities lowered Coupa Software from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 11th. Royal Bank of Canada increased their target price on Coupa Software from $61.00 to $71.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 18th. Finally, Oppenheimer increased their target price on Coupa Software from $55.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, May 31st. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Coupa Software presently has an average rating of “Buy” and an average target price of $63.69.
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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