---
title: "Pranam Kolari Sells 956 Shares of Coupang, Inc. (NYSE:CPNG) Stock"
description: "Coupang, Inc. insider Pranam Kolari sold 956 shares of the company's stock on October 2nd at an average price of $23, totaling $22,163.88. Post-sale, Kolari owns 163,165 shares valued at approximately"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/215993486.md"
published_at: "2024-10-04T23:11:34.000Z"
---

# Pranam Kolari Sells 956 Shares of Coupang, Inc. (NYSE:CPNG) Stock

> Coupang, Inc. insider Pranam Kolari sold 956 shares of the company's stock on October 2nd at an average price of $23, totaling $22,163.88. Post-sale, Kolari owns 163,165 shares valued at approximately $953,487.95, reflecting a 0.00% decrease in ownership. The transaction was disclosed to the SEC. Additionally, Coupang's stock recently rose by 1.9%, trading at $23.59, with a market cap of $35.97 billion and a PE ratio of 35.13. Analysts have a consensus rating of "Moderate Buy" for Coupang, with a target price of $25.

Coupang, Inc. (NYSE:CPNG - Get Free Report) insider Pranam Kolari sold 956 shares of Coupang stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $24.23, for a total transaction of $23,163.88. Following the transaction, the insider now owns 163,165 shares in the company, valued at approximately $3,953,487.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

-   Coupang Stock And Why You Should Care

Pranam Kolari also recently made the following trade(s):

-   On Friday, August 2nd, Pranam Kolari sold 10,432 shares of Coupang stock. The stock was sold at an average price of $19.90, for a total value of $207,596.80.

## Coupang Stock Up 1.9 %

Shares of Coupang stock traded up $0.45 during trading on Friday, reaching $24.59. 5,072,500 shares of the company traded hands, compared to its average volume of 9,996,018. The firm has a market capitalization of $43.97 billion, a PE ratio of 35.13, a P/E/G ratio of 181.74 and a beta of 1.11. Coupang, Inc. has a 1-year low of $13.51 and a 1-year high of $25.19. The company has a 50 day moving average price of $22.82 and a 200-day moving average price of $21.71. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12 and a quick ratio of 0.87.

-   Is Coupang's Stock On The Verge Of A Turnaround?

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.08. The firm had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.39 billion. Coupang had a net margin of 3.87% and a return on equity of 12.04%. During the same quarter in the prior year, the business earned $0.08 earnings per share. The business's quarterly revenue was up 25.4% compared to the same quarter last year. As a group, equities research analysts expect that Coupang, Inc. will post 0.14 earnings per share for the current fiscal year.

## Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CPNG. Morgan Stanley raised their price objective on Coupang from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 26th. CLSA raised shares of Coupang from a "hold" rating to an "outperform" rating and upped their price objective for the company from $18.00 to $31.00 in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $27.25.

**Read Our Latest Stock Analysis on CPNG**

## Institutional Investors Weigh In On Coupang

A number of hedge funds have recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft lifted its position in Coupang by 5.7% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 10,567 shares of the company's stock valued at $219,000 after acquiring an additional 567 shares in the last quarter. Resonant Capital Advisors LLC boosted its position in shares of Coupang by 6.0% during the second quarter. Resonant Capital Advisors LLC now owns 11,197 shares of the company's stock valued at $235,000 after buying an additional 635 shares during the last quarter. National Bank of Canada FI grew its holdings in Coupang by 15.4% during the second quarter. National Bank of Canada FI now owns 6,687 shares of the company's stock worth $141,000 after buying an additional 890 shares in the last quarter. TCW Group Inc. raised its position in Coupang by 6.4% in the 2nd quarter. TCW Group Inc. now owns 16,781 shares of the company's stock valued at $352,000 after buying an additional 1,007 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in Coupang by 2.2% during the 1st quarter. Private Advisor Group LLC now owns 48,088 shares of the company's stock valued at $855,000 after acquiring an additional 1,036 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

## About Coupang

(Get Free Report)

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.

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*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

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## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Skandinaviska Enskilda Banken AB publ Has $7.28 Million Stock Position in Coupang, Inc. $CPNG | Skandinaviska Enskilda Banken AB publ increased its stake in Coupang, Inc. (NYSE: CPNG) by 203.4% in Q3, owning 226,000  | [Link](https://longbridge.com/en/news/276439252.md) |
| Coupang confirms personal data of 165,000 more South Korean users leaked, Yonhap reports | SEOUL, Feb 5 (Reuters) - South Korean e-commerce ‌company Coupang ( CPNG ) said ​it had confirmed ‍the ⁠leak ⁠of persona | [Link](https://longbridge.com/en/news/274945944.md) |
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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
