Coupa Software (NASDAQ:COUP) CEO Robert Bernshteyn sold 63,225 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $33.95, for a total value of $2,146,488.75. Following the completion of the transaction, the chief executive officer now owns 162,092 shares of the company’s stock, valued at approximately $5,503,023.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Friday, November 17th, Robert Bernshteyn sold 38,476 shares of Coupa Software stock. The shares were sold at an average price of $34.05, for a total value of $1,310,107.80.
  • On Tuesday, October 17th, Robert Bernshteyn sold 24,122 shares of Coupa Software stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $31.52, for a total value of $1,992,852.00.

Shares of Coupa Software (NASDAQ COUP) opened at $34.40 on Friday. Coupa Software has a 1-year low of $22.50 and a 1-year high of $37.72.

Coupa Software (NASDAQ:COUP) last issued its quarterly earnings data on Tuesday, September 5th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.18. The business had revenue of $44.60 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 43.4% compared to the same quarter last year. sell-side analysts anticipate that Coupa Software will post -1 EPS for the current year.

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Several research analysts have recently weighed in on COUP shares. Northland Securities reiterated a “buy” rating and set a $38.00 price target on shares of Coupa Software in a research note on Thursday, August 10th. Cantor Fitzgerald reiterated a “buy” rating and set a $36.00 price target on shares of Coupa Software in a research note on Wednesday, September 6th. Royal Bank Of Canada reiterated a “buy” rating and set a $41.00 price target on shares of Coupa Software in a research note on Wednesday, November 15th. Zacks Investment Research upgraded Coupa Software from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, ValuEngine upgraded Coupa Software from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $35.16.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Coupa Software by 260.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock worth $78,254,000 after purchasing an additional 1,950,862 shares in the last quarter. Sylebra HK Co Ltd lifted its holdings in Coupa Software by 79.9% during the 3rd quarter. Sylebra HK Co Ltd now owns 2,166,792 shares of the technology company’s stock worth $67,496,000 after purchasing an additional 962,418 shares in the last quarter. Capital World Investors lifted its holdings in Coupa Software by 39.2% during the 2nd quarter. Capital World Investors now owns 1,837,112 shares of the technology company’s stock worth $53,240,000 after purchasing an additional 517,000 shares in the last quarter. Soma Equity Partners LP lifted its holdings in Coupa Software by 60.0% during the 3rd quarter. Soma Equity Partners LP now owns 1,120,000 shares of the technology company’s stock worth $34,888,000 after purchasing an additional 420,000 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its holdings in Coupa Software by 110.5% during the 2nd quarter. Federated Investors Inc. PA now owns 1,073,100 shares of the technology company’s stock worth $31,098,000 after purchasing an additional 563,200 shares in the last quarter. 66.95% of the stock is currently owned by institutional investors and hedge funds.

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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