Analysts expect Coupa Software Inc (NASDAQ:COUP) to report $85.00 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Coupa Software’s earnings, with estimates ranging from $84.50 million to $85.32 million. Coupa Software posted sales of $61.65 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 37.9%. The business is scheduled to report its next quarterly earnings results on Tuesday, September 3rd.
On average, analysts expect that Coupa Software will report full year sales of $343.31 million for the current year, with estimates ranging from $341.10 million to $344.65 million. For the next year, analysts anticipate that the company will post sales of $433.46 million, with estimates ranging from $420.36 million to $452.00 million. Zacks’ sales averages are an average based on a survey of analysts that follow Coupa Software.
Coupa Software (NASDAQ:COUP) last issued its quarterly earnings data on Monday, June 3rd. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.29. The business had revenue of $81.30 million during the quarter, compared to analyst estimates of $73.85 million. Coupa Software had a negative net margin of 21.22% and a negative return on equity of 14.29%. The firm’s quarterly revenue was up 44.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.01) EPS.
COUP has been the subject of several analyst reports. Royal Bank of Canada raised their price target on shares of Coupa Software from $84.00 to $104.00 and gave the stock an “outperform” rating in a report on Friday, March 8th. Oppenheimer raised their price target on shares of Coupa Software from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Morgan Stanley raised their price target on shares of Coupa Software from $70.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, March 8th. SunTrust Banks raised their price target on shares of Coupa Software to $110.00 and gave the stock a “buy” rating in a report on Tuesday, March 12th. Finally, Zacks Investment Research upgraded shares of Coupa Software from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a report on Thursday, March 14th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $107.81.
Coupa Software stock traded down $1.02 during mid-day trading on Friday, hitting $119.37. 69,049 shares of the stock were exchanged, compared to its average volume of 1,906,270. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.07. Coupa Software has a 12 month low of $52.01 and a 12 month high of $129.40. The firm’s fifty day moving average price is $114.01. The firm has a market capitalization of $7.73 billion, a PE ratio of -177.92 and a beta of 1.60.
In related news, CAO Anthony D. Tiscornia sold 260 shares of Coupa Software stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $118.81, for a total value of $30,890.60. Following the completion of the sale, the chief accounting officer now owns 260 shares of the company’s stock, valued at approximately $30,890.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Henry Tayloe Stansbury sold 5,000 shares of Coupa Software stock in a transaction on Friday, April 5th. The shares were sold at an average price of $90.10, for a total transaction of $450,500.00. Following the completion of the sale, the director now directly owns 10,288 shares of the company’s stock, valued at approximately $926,948.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 409,119 shares of company stock valued at $45,141,688. Insiders own 5.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Coupa Software by 4.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,814 shares of the technology company’s stock valued at $256,000 after purchasing an additional 121 shares during the period. Captrust Financial Advisors boosted its holdings in Coupa Software by 58.1% during the 4th quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock worth $28,000 after acquiring an additional 161 shares during the last quarter. Caxton Associates LP boosted its holdings in Coupa Software by 8.3% during the 4th quarter. Caxton Associates LP now owns 3,988 shares of the technology company’s stock worth $251,000 after acquiring an additional 307 shares during the last quarter. Karp Capital Management Corp purchased a new position in Coupa Software during the 4th quarter worth $31,000. Finally, PRW Wealth Management LLC purchased a new position in Coupa Software during the 4th quarter worth $34,000. 99.14% of the stock is owned by institutional investors and hedge funds.
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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