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Coupa Software Inc (NASDAQ:COUP) CEO Robert Bernshteyn Sells 50,000 Shares

Coupa Software Inc (NASDAQ:COUP) CEO Robert Bernshteyn sold 50,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $293.05, for a total value of $14,652,500.00. Following the sale, the chief executive officer now directly owns 239,216 shares in the company, valued at approximately $70,102,248.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Friday, July 17th, Robert Bernshteyn sold 50,000 shares of Coupa Software stock. The shares were sold at an average price of $300.75, for a total value of $15,037,500.00.
  • On Monday, June 22nd, Robert Bernshteyn sold 9,602 shares of Coupa Software stock. The shares were sold at an average price of $260.60, for a total value of $2,502,281.20.
  • On Wednesday, June 17th, Robert Bernshteyn sold 50,000 shares of Coupa Software stock. The shares were sold at an average price of $252.04, for a total value of $12,602,000.00.

Shares of NASDAQ COUP opened at $300.43 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.03 and a quick ratio of 2.03. The firm has a fifty day moving average of $297.18 and a 200-day moving average of $208.99. Coupa Software Inc has a 52-week low of $99.01 and a 52-week high of $319.55.

Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Monday, June 8th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.13. The firm had revenue of $119.21 million during the quarter, compared to the consensus estimate of $111.84 million. Coupa Software had a negative return on equity of 8.12{b35c63bac5fac9ed648f97d4700fe9ffe9c190bec929f61ce1f7fc4e68d68241} and a negative net margin of 19.92{b35c63bac5fac9ed648f97d4700fe9ffe9c190bec929f61ce1f7fc4e68d68241}. The firm’s quarterly revenue was up 46.6{b35c63bac5fac9ed648f97d4700fe9ffe9c190bec929f61ce1f7fc4e68d68241} compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 earnings per share. As a group, analysts anticipate that Coupa Software Inc will post -0.9 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Discovery Value Fund purchased a new stake in Coupa Software during the 2nd quarter worth approximately $470,147,000. Hound Partners LLC acquired a new stake in shares of Coupa Software in the 2nd quarter worth about $1,160,000. Morgan Stanley raised its holdings in shares of Coupa Software by 9.4{b35c63bac5fac9ed648f97d4700fe9ffe9c190bec929f61ce1f7fc4e68d68241} in the 1st quarter. Morgan Stanley now owns 8,338,809 shares of the technology company’s stock worth $1,165,182,000 after acquiring an additional 714,802 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Coupa Software in the 1st quarter worth about $89,629,000. Finally, Alliancebernstein L.P. raised its holdings in shares of Coupa Software by 638.2{b35c63bac5fac9ed648f97d4700fe9ffe9c190bec929f61ce1f7fc4e68d68241} in the 1st quarter. Alliancebernstein L.P. now owns 529,387 shares of the technology company’s stock worth $73,971,000 after acquiring an additional 457,677 shares during the last quarter.

A number of analysts recently weighed in on COUP shares. Zacks Investment Research downgraded Coupa Software from a “hold” rating to a “sell” rating in a research note on Monday. Barclays raised their price target on Coupa Software from $201.00 to $250.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 14th. They noted that the move was a valuation call. Canaccord Genuity boosted their price objective on shares of Coupa Software from $140.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. ValuEngine downgraded shares of Coupa Software from a “buy” rating to a “hold” rating in a report on Friday, May 1st. Finally, KeyCorp upped their price target on shares of Coupa Software from $320.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the stock. Coupa Software presently has a consensus rating of “Buy” and a consensus target price of $213.04.

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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