Wall Street analysts expect Coupa Software Inc (NASDAQ:COUP) to post sales of $51.40 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Coupa Software’s earnings, with estimates ranging from $51.14 million to $51.65 million. Coupa Software reported sales of $41.14 million in the same quarter last year, which suggests a positive year over year growth rate of 24.9%. The business is expected to issue its next quarterly earnings results on Monday, June 4th.
According to Zacks, analysts expect that Coupa Software will report full year sales of $51.40 million for the current financial year, with estimates ranging from $228.53 million to $230.58 million. For the next year, analysts forecast that the business will post sales of $281.02 million per share, with estimates ranging from $277.65 million to $284.44 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Coupa Software.
Coupa Software (NASDAQ:COUP) last released its quarterly earnings results on Monday, March 12th. The technology company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.17. The firm had revenue of $53.80 million during the quarter, compared to analyst estimates of $48.64 million. Coupa Software had a negative net margin of 23.45% and a negative return on equity of 20.33%. The business’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) EPS.
A number of research analysts have recently commented on COUP shares. Zacks Investment Research upgraded shares of Coupa Software from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Thursday, December 7th. Cantor Fitzgerald restated a “buy” rating and set a $36.00 price target on shares of Coupa Software in a research report on Tuesday, December 5th. Oppenheimer started coverage on shares of Coupa Software in a research report on Thursday, December 21st. They set a “buy” rating and a $41.00 price target for the company. Raymond James Financial restated a “buy” rating and set a $40.00 price target on shares of Coupa Software in a research report on Tuesday, December 12th. Finally, Northland Securities set a $41.00 price target on shares of Coupa Software and gave the company a “buy” rating in a research report on Wednesday, January 17th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Coupa Software has a consensus rating of “Buy” and a consensus target price of $46.13.
COUP stock traded up $0.36 on Friday, hitting $46.62. 589,812 shares of the stock were exchanged, compared to its average volume of 801,416. The stock has a market cap of $2,601.50, a price-to-earnings ratio of -55.89 and a beta of 1.29. Coupa Software has a 12-month low of $23.20 and a 12-month high of $50.69.
In related news, CRO Steven M. Winter sold 11,336 shares of the company’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $33.99, for a total value of $385,310.64. Following the completion of the transaction, the executive now directly owns 12,480 shares in the company, valued at $424,195.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ravi Thakur sold 11,240 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $32.04, for a total transaction of $360,129.60. Following the completion of the transaction, the insider now owns 14,306 shares of the company’s stock, valued at $458,364.24. The disclosure for this sale can be found here. Insiders sold 413,159 shares of company stock valued at $17,478,926 over the last quarter. 32.10% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in COUP. Northern Trust Corp grew its position in Coupa Software by 83.7% in the second quarter. Northern Trust Corp now owns 162,030 shares of the technology company’s stock worth $4,695,000 after acquiring an additional 73,839 shares in the last quarter. State Street Corp lifted its stake in Coupa Software by 299.8% in the second quarter. State Street Corp now owns 520,042 shares of the technology company’s stock worth $15,070,000 after purchasing an additional 389,965 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Coupa Software by 211.3% in the second quarter. The Manufacturers Life Insurance Company now owns 23,904 shares of the technology company’s stock worth $693,000 after purchasing an additional 16,226 shares during the last quarter. California State Teachers Retirement System lifted its stake in Coupa Software by 205.2% in the second quarter. California State Teachers Retirement System now owns 52,800 shares of the technology company’s stock worth $1,530,000 after purchasing an additional 35,500 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in Coupa Software in the third quarter worth $1,280,000. Institutional investors own 88.39% of the company’s stock.
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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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