Coupa Software Inc (NASDAQ:COUP) CEO Sells $1,161,843.54 in Stock

Coupa Software Inc (NASDAQ:COUP) CEO Robert Bernshteyn sold 8,151 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $142.54, for a total value of $1,161,843.54. Following the sale, the chief executive officer now owns 165,980 shares of the company’s stock, valued at approximately $23,658,789.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Tuesday, September 17th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The stock was sold at an average price of $137.19, for a total value of $8,673,837.75.
  • On Monday, August 19th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The stock was sold at an average price of $137.17, for a total value of $8,672,573.25.
  • On Wednesday, July 17th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The stock was sold at an average price of $143.63, for a total value of $9,081,006.75.

Shares of NASDAQ COUP traded up $0.28 during mid-day trading on Tuesday, reaching $143.58. The company had a trading volume of 3,465,465 shares, compared to its average volume of 1,576,260. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 1.25. The stock has a market cap of $9.31 billion, a PE ratio of -214.30 and a beta of 1.60. The company has a 50-day moving average price of $138.76 and a two-hundred day moving average price of $118.76. Coupa Software Inc has a 1-year low of $52.01 and a 1-year high of $156.16.



Coupa Software (NASDAQ:COUP) last issued its earnings results on Tuesday, September 3rd. The technology company reported ($0.25) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.44) by $0.19. The business had revenue of $95.00 million for the quarter, compared to analysts’ expectations of $85.38 million. Coupa Software had a negative return on equity of 13.73% and a negative net margin of 20.91%. The company’s quarterly revenue was up 54.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 EPS. On average, research analysts expect that Coupa Software Inc will post -1.02 EPS for the current year.

Several analysts recently issued reports on the company. Deutsche Bank assumed coverage on Coupa Software in a report on Wednesday, July 24th. They issued a “hold” rating and a $150.00 price target on the stock. Raymond James lifted their target price on Coupa Software from $115.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. KeyCorp lifted their target price on Coupa Software from $171.00 to $178.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. Bank of America lifted their target price on Coupa Software from $168.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Morgan Stanley lifted their target price on Coupa Software from $122.00 to $146.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 4th. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Coupa Software has a consensus rating of “Buy” and an average price target of $153.65.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its holdings in shares of Coupa Software by 39.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock worth $51,000 after acquiring an additional 115 shares during the last quarter. Neuburgh Advisers LLC boosted its position in shares of Coupa Software by 100.0% in the second quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock worth $45,000 after buying an additional 176 shares during the period. Advantage Investment Management LLC acquired a new stake in shares of Coupa Software in the second quarter worth $25,000. Glen Harbor Capital Management LLC boosted its position in shares of Coupa Software by 100.0% in the second quarter. Glen Harbor Capital Management LLC now owns 484 shares of the technology company’s stock worth $61,000 after buying an additional 242 shares during the period. Finally, First Hawaiian Bank boosted its position in shares of Coupa Software by 8.9% in the second quarter. First Hawaiian Bank now owns 3,320 shares of the technology company’s stock worth $420,000 after buying an additional 270 shares during the period.

Coupa Software Company Profile

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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