Wall Street analysts predict that Coupa Software Inc (NASDAQ:COUP) will post $56.61 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Coupa Software’s earnings. The highest sales estimate is $56.78 million and the lowest is $56.37 million. Coupa Software posted sales of $44.55 million in the same quarter last year, which would indicate a positive year over year growth rate of 27.1%. The firm is scheduled to announce its next earnings report on Tuesday, September 4th.
According to Zacks, analysts expect that Coupa Software will report full year sales of $235.20 million for the current year, with estimates ranging from $234.53 million to $235.83 million. For the next year, analysts forecast that the company will post sales of $287.86 million per share, with estimates ranging from $283.72 million to $290.93 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Coupa Software.
Coupa Software (NASDAQ:COUP) last issued its earnings results on Monday, June 4th. The technology company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.10. The firm had revenue of $56.35 million for the quarter, compared to analysts’ expectations of $51.33 million. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 19.17%. The firm’s revenue was up 37.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.09) earnings per share.
Several equities analysts have commented on COUP shares. Zacks Investment Research lowered shares of Coupa Software from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. Morgan Stanley increased their price target on shares of Coupa Software from $49.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 9th. Needham & Company LLC set a $55.00 price target on shares of Coupa Software and gave the company a “buy” rating in a research note on Tuesday, March 13th. Oppenheimer increased their price target on shares of Coupa Software from $55.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, May 31st. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of Coupa Software in a research note on Friday, April 13th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $52.53.
In related news, CFO Todd R. Ford sold 12,500 shares of Coupa Software stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of $48.40, for a total value of $605,000.00. Following the transaction, the chief financial officer now directly owns 21,872 shares in the company, valued at approximately $1,058,604.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert Bernshteyn sold 63,225 shares of Coupa Software stock in a transaction on Monday, June 18th. The shares were sold at an average price of $26.59, for a total transaction of $1,681,152.75. Following the completion of the transaction, the chief executive officer now owns 199,637 shares in the company, valued at $5,308,347.83. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 332,018 shares of company stock worth $16,206,230. Insiders own 6.50% of the company’s stock.
Large investors have recently bought and sold shares of the stock. StepStone Group LP purchased a new position in Coupa Software in the 1st quarter valued at $186,000. Oppenheimer & Co. Inc. purchased a new position in Coupa Software in the 1st quarter valued at $282,000. Ensemble Capital Management LLC purchased a new position in Coupa Software in the 4th quarter valued at $203,000. Virtu Financial LLC purchased a new position in Coupa Software in the 4th quarter valued at $233,000. Finally, Affinity Investment Advisors LLC purchased a new position in Coupa Software in the 1st quarter valued at $341,000. Hedge funds and other institutional investors own 93.04% of the company’s stock.
Shares of NASDAQ:COUP opened at $61.57 on Friday. The company has a market capitalization of $3.49 billion, a P/E ratio of -81.01 and a beta of 1.26. Coupa Software has a fifty-two week low of $28.52 and a fifty-two week high of $64.95. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.27 and a current ratio of 3.27.
Coupa Software Company Profile
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; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.
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