Analysts expect that Coupa Software Inc (NASDAQ:COUP) will post $48.59 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Coupa Software’s earnings, with the lowest sales estimate coming in at $48.33 million and the highest estimate coming in at $48.68 million. Coupa Software reported sales of $38.02 million in the same quarter last year, which would suggest a positive year over year growth rate of 27.8%. The company is scheduled to issue its next quarterly earnings results after the market closes on Monday, March 12th.
According to Zacks, analysts expect that Coupa Software will report full year sales of $48.59 million for the current financial year, with estimates ranging from $181.36 million to $181.71 million. For the next year, analysts forecast that the business will post sales of $224.06 million per share, with estimates ranging from $221.36 million to $226.01 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Coupa Software.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Monday, December 4th. The technology company reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.06. The firm had revenue of $47.30 million for the quarter, compared to analysts’ expectations of $45.02 million. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.40%. The business’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.22) earnings per share.
A number of research firms have recently commented on COUP. Zacks Investment Research upgraded shares of Coupa Software from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Thursday, February 8th. SunTrust Banks began coverage on shares of Coupa Software in a report on Wednesday, January 31st. They issued a “buy” rating and a $45.00 price target on the stock. Morgan Stanley upped their price target on shares of Coupa Software from $35.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. They noted that the move was a valuation call. Northland Securities set a $41.00 price target on shares of Coupa Software and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, Needham & Company LLC began coverage on shares of Coupa Software in a report on Wednesday, January 10th. They issued a “buy” rating and a $39.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $39.24.
Coupa Software (NASDAQ:COUP) traded up $0.03 during midday trading on Monday, hitting $41.53. 988,568 shares of the stock were exchanged, compared to its average volume of 702,273. The company has a market capitalization of $2,290.00 and a PE ratio of -41.53. Coupa Software has a 12-month low of $22.50 and a 12-month high of $42.35.
In related news, CEO Robert Bernshteyn sold 63,225 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $33.95, for a total value of $2,146,488.75. Following the completion of the sale, the chief executive officer now directly owns 162,092 shares of the company’s stock, valued at $5,503,023.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ravi Thakur sold 11,240 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $35.90, for a total transaction of $403,516.00. Following the completion of the sale, the insider now directly owns 13,436 shares of the company’s stock, valued at $482,352.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 307,871 shares of company stock valued at $10,570,625. 32.10% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in COUP. Schwab Charles Investment Management Inc. lifted its position in shares of Coupa Software by 343.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 124,312 shares of the technology company’s stock valued at $3,603,000 after buying an additional 96,256 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Coupa Software during the second quarter valued at about $1,272,000. Teachers Advisors LLC lifted its position in shares of Coupa Software by 254.5% during the second quarter. Teachers Advisors LLC now owns 53,893 shares of the technology company’s stock valued at $1,562,000 after buying an additional 38,690 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Coupa Software by 439.3% during the second quarter. TIAA CREF Investment Management LLC now owns 80,389 shares of the technology company’s stock valued at $2,330,000 after buying an additional 65,483 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Coupa Software by 212.0% during the second quarter. Ameriprise Financial Inc. now owns 128,036 shares of the technology company’s stock valued at $3,711,000 after buying an additional 87,001 shares during the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.
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About Coupa Software
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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