Coupa Software Inc (NASDAQ:COUP) CEO Robert Bernshteyn sold 63,225 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $66.73, for a total value of $4,219,004.25. Following the completion of the sale, the chief executive officer now directly owns 204,218 shares in the company, valued at $13,627,467.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, July 17th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The shares were 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 shares were sold at an average price of $63.61, for a total value of $353,544.38.
  • On Monday, June 18th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The shares were sold at an average price of $26.59, for a total value of $1,681,152.75.

Shares of COUP stock traded down $0.67 during mid-day trading on Monday, reaching $66.50. 340,800 shares of the stock traded hands, compared to its average volume of 778,926. Coupa Software Inc has a 1-year low of $29.31 and a 1-year high of $70.36. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of -88.05 and a beta of 0.90. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.67.

Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Monday, June 4th. The technology company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.10. Coupa Software had a negative return on equity of 19.17% and a negative net margin of 24.37%. The firm had revenue of $56.35 million for the quarter, compared to analyst estimates of $51.33 million. During the same period last year, the firm posted ($0.09) earnings per share. The business’s revenue for the quarter was up 37.0% on a year-over-year basis. sell-side analysts predict that Coupa Software Inc will post -1.11 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in COUP. Whale Rock Capital Management LLC acquired a new stake in shares of Coupa Software during the first quarter valued at about $88,552,000. Alkeon Capital Management LLC acquired a new stake in shares of Coupa Software during the first quarter valued at about $60,296,000. BlackRock Inc. boosted its stake in shares of Coupa Software by 58.9% during the second quarter. BlackRock Inc. now owns 3,042,360 shares of the technology company’s stock valued at $189,357,000 after purchasing an additional 1,128,149 shares in the last quarter. FMR LLC boosted its stake in shares of Coupa Software by 42.3% during the second quarter. FMR LLC now owns 1,774,407 shares of the technology company’s stock valued at $110,439,000 after purchasing an additional 527,529 shares in the last quarter. Finally, Soros Fund Management LLC acquired a new stake in shares of Coupa Software during the second quarter valued at about $31,120,000. 92.99% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on COUP shares. Royal Bank of Canada raised their price objective on Coupa Software from $61.00 to $71.00 and gave the company an “outperform” rating in a research note on Wednesday, July 18th. Goldman Sachs Group started coverage on Coupa Software in a research note on Monday, April 23rd. They issued a “buy” rating and a $60.00 price objective on the stock. Morgan Stanley raised their price objective on Coupa Software from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 5th. SunTrust Banks raised their price objective on Coupa Software to $65.00 and gave the company a “buy” rating in a research note on Tuesday, June 5th. Finally, Barclays lowered Coupa Software from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $51.48 to $51.00 in a research note on Friday, May 18th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $55.19.

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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