Tuesday, November 21, 2017 10:15 PM ET
Insider Selling in Coupa Software (COUP) Shares Continues
A SEC filing today indicated a significant insider sale of Coupa Software shares as — Robert Bernshteyn, Director and Officer — sold 63,225 shares in the company having a market value of approximately $2,146,537. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 176,196 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 239,421 shares and have averaged 59,855 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Coupa Software is greater than the 97-company peer group average. Software peer group saw 161 buy/sell trades during this period for an average of 1.7 transactions per company. The number of shares per buy/sell trade for Coupa Software insiders was also higher. Within the peer group there were 1,216,105 shares purchased and 3,798,999 shares sold with company insiders having sold 16,043 shares on average.
Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data sourced in creating and writing this story.
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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