Wall Street analysts forecast that Coupa (NASDAQ:COUP) will post $51.40 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Coupa’s earnings, with the lowest sales estimate coming in at $51.14 million and the highest estimate coming in at $51.65 million. Coupa reported sales of $41.14 million in the same quarter last year, which would suggest a positive year over year growth rate of 24.9%. The business is expected to report its next earnings report on Monday, June 4th.
According to Zacks, analysts expect that Coupa 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 financial year, analysts expect 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 averages are an average based on a survey of analysts that follow Coupa.
Coupa (NASDAQ:COUP) last announced its quarterly earnings results on Monday, March 12th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.17. Coupa had a negative net margin of 23.45% and a negative return on equity of 19.30%. The firm had revenue of $53.80 million for the quarter, compared to the consensus estimate of $48.64 million. During the same period in the prior year, the firm posted ($0.05) earnings per share. The firm’s quarterly revenue was up 41.5% compared to the same quarter last year.
A number of analysts recently issued reports on the stock. CIBC assumed coverage on shares of Coupa in a report on Friday, December 22nd. They set an “outperform” rating and a $41.00 price target on the stock. Zacks Investment Research downgraded shares of Coupa from a “buy” rating to a “hold” rating in a report on Monday, March 12th. Loop Capital increased their price objective on shares of Coupa to $48.00 and gave the company a “hold” rating in a report on Wednesday, March 14th. JMP Securities downgraded shares of Coupa from an “outperform” rating to a “market perform” rating and set a $31.00 price objective on the stock. in a report on Tuesday, March 13th. Finally, Northland Securities set a $41.00 price objective on shares of Coupa and gave the company a “buy” rating in a report on Wednesday, January 17th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Coupa has a consensus rating of “Buy” and an average target price of $46.13.
In other news, CRO Steven M. Winter sold 11,336 shares of the stock in a transaction dated 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 sale, 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 is available through this link. Also, SVP Ravi Thakur sold 11,240 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $44.38, for a total transaction of $498,831.20. Following the completion of the sale, the senior vice president now owns 14,306 shares of the company’s stock, valued at $634,900.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 401,919 shares of company stock worth $17,118,797. Insiders own 32.10% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. American International Group Inc. increased its position in Coupa by 8.1% during the third quarter. American International Group Inc. now owns 19,989 shares of the technology company’s stock worth $623,000 after purchasing an additional 1,494 shares during the last quarter. Bank of New York Mellon Corp increased its position in Coupa by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 113,344 shares of the technology company’s stock worth $3,531,000 after purchasing an additional 2,782 shares during the last quarter. Swiss National Bank increased its position in Coupa by 7.1% during the fourth quarter. Swiss National Bank now owns 45,100 shares of the technology company’s stock worth $1,408,000 after purchasing an additional 3,000 shares during the last quarter. First Trust Advisors LP increased its position in Coupa by 9.2% during the fourth quarter. First Trust Advisors LP now owns 44,879 shares of the technology company’s stock worth $1,401,000 after purchasing an additional 3,787 shares during the last quarter. Finally, Ensemble Capital Management LLC acquired a new stake in Coupa during the fourth quarter worth about $203,000. Institutional investors and hedge funds own 85.93% of the company’s stock.
NASDAQ COUP traded down $0.67 during mid-day trading on Wednesday, reaching $44.81. 383,292 shares of the stock were exchanged, compared to its average volume of 755,930. Coupa has a 1 year low of $24.27 and a 1 year high of $50.69. The company has a market capitalization of $2,574.93, a PE ratio of -58.96 and a beta of 1.12. The company has a debt-to-equity ratio of 0.68, a quick ratio of 3.18 and a current ratio of 3.18.
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Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend under management; and offers supporting modules, including sourcing, analytics, contract management, supplier management, inventory management, and storefront that help companies further manage their spend.
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