Coupa Software (COUP) Updates Q1 2020 Earnings Guidance

Coupa Software (NASDAQ:COUP) updated its first quarter 2020 earnings guidance on Monday. The company provided earnings per share guidance of $-0.06–0.03 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.01. The company issued revenue guidance of $73.5-74 million, compared to the consensus revenue estimate of $70.27 million.Coupa Software also updated its FY 2020 guidance to $0.04-0.10 EPS.

Several research firms have recently issued reports on COUP. Zacks Investment Research raised shares of Coupa Software from a hold rating to a buy rating and set a $68.00 price target for the company in a research note on Thursday, December 6th. Loop Capital raised shares of Coupa Software from a hold rating to a buy rating and set a $72.00 price target for the company in a research note on Friday, November 30th. Goldman Sachs Group began coverage on shares of Coupa Software in a research note on Friday, February 1st. They set a buy rating and a $96.00 price target for the company. Raymond James raised their price target on shares of Coupa Software from $86.00 to $107.00 in a research note on Tuesday. Finally, Needham & Company LLC reaffirmed a buy rating and set a $108.00 price target (up previously from $83.00) on shares of Coupa Software in a research note on Tuesday. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Coupa Software presently has an average rating of Buy and a consensus target price of $80.13.

Shares of NASDAQ COUP opened at $90.53 on Wednesday. Coupa Software has a twelve month low of $43.89 and a twelve month high of $99.64. The firm has a market cap of $5.39 billion, a P/E ratio of -119.12 and a beta of 1.88.

Coupa Software (NASDAQ:COUP) last announced its earnings results on Monday, March 11th. The technology company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.08. Coupa Software had a negative net margin of 19.93% and a negative return on equity of 14.03%. The business had revenue of $74.91 million during the quarter, compared to the consensus estimate of $68.07 million. On average, analysts expect that Coupa Software will post -0.72 EPS for the current fiscal year.

In other Coupa Software news, insider Anthony D. Tiscornia sold 952 shares of the firm’s stock in a transaction on Friday, December 21st. The shares were sold at an average price of $56.09, for a total value of $53,397.68. Following the completion of the sale, the insider now directly owns 828 shares in the company, valued at $46,442.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Bernshteyn sold 5,865 shares of the firm’s stock in a transaction on Friday, December 21st. The stock was sold at an average price of $56.08, for a total transaction of $328,909.20. Following the completion of the sale, the chief executive officer now owns 150,403 shares of the company’s stock, valued at $8,434,600.24. The disclosure for this sale can be found here. Insiders have sold 284,514 shares of company stock valued at $21,708,813 in the last three months. 6.50% of the stock is owned by insiders.

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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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