Coupa Software Inc (NASDAQ:COUP) CEO Robert Bernshteyn sold 8,665 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $131.36, for a total transaction of $1,138,234.40. Following the sale, the chief executive officer now directly owns 179,682 shares in the company, valued at approximately $23,603,027.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Friday, January 17th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The stock was sold at an average price of $168.45, for a total transaction of $10,650,251.25.

Shares of NASDAQ COUP opened at $131.12 on Thursday. The firm’s 50 day moving average price is $148.87 and its 200-day moving average price is $147.88. The company has a market cap of $8.84 billion, a PE ratio of -89.81 and a beta of 1.48. Coupa Software Inc has a 52-week low of $85.90 and a 52-week high of $178.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.11 and a current ratio of 1.82.

Coupa Software (NASDAQ:COUP) last issued its earnings results on Monday, March 16th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.16. The firm had revenue of $111.45 million for the quarter, compared to the consensus estimate of $102.51 million. Coupa Software had a negative net margin of 23.31% and a negative return on equity of 10.01%. The business’s revenue was up 48.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 earnings per share. On average, analysts forecast that Coupa Software Inc will post -0.94 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jennison Associates LLC raised its holdings in shares of Coupa Software by 1,373.3% during the fourth quarter. Jennison Associates LLC now owns 4,716,221 shares of the technology company’s stock valued at $689,747,000 after purchasing an additional 4,396,119 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Coupa Software during the third quarter valued at approximately $106,580,000. State Street Corp raised its holdings in shares of Coupa Software by 4.6% during the third quarter. State Street Corp now owns 805,740 shares of the technology company’s stock valued at $104,400,000 after purchasing an additional 35,514 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Coupa Software by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 701,584 shares of the technology company’s stock valued at $102,606,000 after purchasing an additional 16,952 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Coupa Software by 9.9% during the fourth quarter. Franklin Resources Inc. now owns 555,184 shares of the technology company’s stock valued at $81,196,000 after purchasing an additional 50,076 shares during the last quarter.

Several equities research analysts recently commented on COUP shares. Needham & Company LLC dropped their price objective on shares of Coupa Software from $195.00 to $136.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. Oppenheimer dropped their price objective on shares of Coupa Software from to and set an “outperform” rating on the stock in a research note on Tuesday, March 17th. Zacks Investment Research raised shares of Coupa Software from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a research note on Wednesday. Cantor Fitzgerald dropped their price objective on shares of Coupa Software from $166.00 to $153.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 17th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Coupa Software from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $148.28.

About Coupa Software

Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.

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