Coupang (NYSE:CPNG) Insider Sells $2,076,045.30 in Stock

Key Points

• Harold Rogers, Coupang insider, sold **64,755 shares** of stock on September 11th, valued at **$2,076,045.30**, representing a **12.59% decrease** in his ownership.
• After the stock sale, Rogers retained **449,569 shares** worth approximately **$14.4 million**.
• Coupang's stock price is currently around **$32.45**, with recent **trading volume** exceeding its average and a **52-week range** from $19.02 to $32.89.

Coupang, Inc. (NYSE:CPNG - Get Free Report) insider Harold Rogers sold 64,755 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $32.06, for a total value of $2,076,045.30. Following the completion of the sale, the insider owned 449,569 shares in the company, valued at approximately $14,413,182.14. This represents a 12.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Coupang Price Performance

Shares of CPNG stock traded down $0.22 during trading hours on Tuesday, hitting $33.28. The company had a trading volume of 3,561,457 shares, compared to its average volume of 9,817,802. Coupang, Inc. has a 12 month low of $19.02 and a 12 month high of $33.71. The firm has a market capitalization of $60.67 billion, a price-to-earnings ratio of 166.39 and a beta of 1.15. The firm's fifty day moving average is $29.69 and its 200 day moving average is $26.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.09.

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). Coupang had a net margin of 1.13% and a return on equity of 7.47%. The firm had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $8.34 billion. During the same period in the prior year, the business earned $0.07 earnings per share. The company's revenue for the quarter was up 16.4% on a year-over-year basis. On average, sell-side analysts predict that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CPNG has been the topic of several research analyst reports. Nomura upgraded Coupang from a "neutral" rating to a "buy" rating and set a $35.00 target price on the stock in a report on Wednesday, August 6th. Wall Street Zen downgraded Coupang from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Deutsche Bank Aktiengesellschaft cut shares of Coupang from a "buy" rating to a "hold" rating and set a $27.00 price target on the stock. in a research report on Wednesday, August 6th. Nomura Securities raised Coupang to a "strong-buy" rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley increased their target price on Coupang from $32.00 to $35.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $31.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Dodge & Cox increased its position in shares of Coupang by 14.3% during the second quarter. Dodge & Cox now owns 46,614,520 shares of the company's stock valued at $1,396,571,000 after buying an additional 5,829,600 shares during the period. Durable Capital Partners LP boosted its stake in Coupang by 7.5% during the second quarter. Durable Capital Partners LP now owns 24,743,982 shares of the company's stock valued at $741,330,000 after buying an additional 1,734,980 shares during the period. Norges Bank bought a new stake in Coupang during the second quarter valued at $587,186,000. Holocene Advisors LP boosted its stake in Coupang by 24.5% during the second quarter. Holocene Advisors LP now owns 15,689,845 shares of the company's stock valued at $470,068,000 after buying an additional 3,083,854 shares during the period. Finally, State Street Corp boosted its stake in Coupang by 8.4% during the second quarter. State Street Corp now owns 15,641,775 shares of the company's stock valued at $468,628,000 after buying an additional 1,210,801 shares during the period. 83.72% of the stock is owned by institutional investors.

Coupang Company Profile

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.