Brokerages forecast that COUPA SOFTWARE (NASDAQ:COUP) will post ($0.28) earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for COUPA SOFTWARE’s earnings, with estimates ranging from ($0.32) to ($0.24). The company is scheduled to report its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that COUPA SOFTWARE will report full year earnings of ($0.89) per share for the current year, with EPS estimates ranging from ($0.97) to ($0.80). For the next fiscal year, analysts forecast that the company will post earnings of ($0.77) per share, with EPS estimates ranging from ($0.81) to ($0.72). Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for COUPA SOFTWARE.
COUPA SOFTWARE (NASDAQ:COUP) last issued its earnings results on Monday, June 5th. The technology company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.05. The business had revenue of $41.10 million during the quarter, compared to analyst estimates of $38.33 million. COUPA SOFTWARE’s revenue for the quarter was up 40.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.76) EPS.
A number of equities research analysts recently issued reports on COUP shares. Vetr lowered COUPA SOFTWARE from a “hold” rating to a “strong sell” rating and set a $24.91 target price on the stock. in a research report on Wednesday, February 22nd. Royal Bank Of Canada lifted their target price on COUPA SOFTWARE from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, June 1st. Zacks Investment Research raised COUPA SOFTWARE from a “sell” rating to a “hold” rating in a research report on Friday, March 24th. JMP Securities reissued an “outperform” rating and issued a $40.00 target price (up previously from $32.00) on shares of COUPA SOFTWARE in a research report on Tuesday, June 6th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $31.00 target price (up previously from $27.00) on shares of COUPA SOFTWARE in a research report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $33.79.
Shares of COUPA SOFTWARE (NASDAQ:COUP) traded up 3.00% during trading on Tuesday, hitting $31.22. The stock had a trading volume of 781,514 shares. The company’s market capitalization is $1.65 billion. COUPA SOFTWARE has a 1-year low of $22.50 and a 1-year high of $41.61. The firm has a 50 day moving average of $31.64 and a 200 day moving average of $27.52.
In other COUPA SOFTWARE news, CFO Todd R. Ford sold 84,240 shares of the business’s stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of $24.05, for a total transaction of $2,025,972.00. Following the transaction, the chief financial officer now owns 85,567 shares of the company’s stock, valued at approximately $2,057,886.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ravi Thakur sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $24.50, for a total value of $490,000.00. Following the transaction, the insider now directly owns 101,541 shares in the company, valued at approximately $2,487,754.50. The disclosure for this sale can be found here. In the last three months, insiders sold 2,663,569 shares of company stock worth $64,192,374. 32.10% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors raised its position in COUPA SOFTWARE by 22.7% in the first quarter. Nationwide Fund Advisors now owns 5,131 shares of the technology company’s stock valued at $130,000 after buying an additional 949 shares during the period. American International Group Inc. bought a new position in COUPA SOFTWARE during the first quarter valued at $132,000. Metropolitan Life Insurance Co. NY bought a new position in COUPA SOFTWARE during the fourth quarter valued at $260,000. Teachers Advisors LLC bought a new position in COUPA SOFTWARE during the fourth quarter valued at $268,000. Finally, Allen Investment Management LLC bought a new position in COUPA SOFTWARE during the first quarter valued at $502,000. 55.56% of the stock is currently owned by hedge funds and other institutional investors.
COUPA SOFTWARE Company Profile
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.
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