Brokerages expect Coupa Software Inc (NASDAQ:COUP) to post earnings of ($0.11) per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Coupa Software’s earnings. The lowest EPS estimate is ($0.12) and the highest is ($0.09). Coupa Software posted earnings per share of ($0.09) during the same quarter last year, which would suggest a negative year over year growth rate of 22.2%. The business is scheduled to announce its next earnings report on Monday, June 4th.
According to Zacks, analysts expect that Coupa Software will report full year earnings of ($0.23) per share for the current fiscal year, with EPS estimates ranging from ($0.27) to ($0.19). For the next fiscal year, analysts expect that the company will report earnings of ($0.03) per share, with EPS estimates ranging from ($0.09) to $0.09. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Coupa Software.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data on Monday, March 12th. The technology company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.17. The company had revenue of $53.80 million for 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 firm’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.05) EPS.
A number of brokerages have commented on COUP. Loop Capital upped their target price on shares of Coupa Software to $48.00 and gave the stock a “hold” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Coupa Software from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Tuesday. Morgan Stanley restated an “equal weight” rating and issued a $49.00 target price (up from $42.00) on shares of Coupa Software in a research note on Tuesday. JPMorgan Chase & Co. restated a “neutral” rating and issued a $38.00 target price (up from $32.00) on shares of Coupa Software in a research note on Tuesday. Finally, SunTrust Banks upped their target price on shares of Coupa Software to $56.00 and gave the stock a “buy” rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Coupa Software has an average rating of “Buy” and a consensus price target of $46.13.
In other news, SVP Ravi Thakur sold 11,240 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $44.38, for a total transaction of $498,831.20. Following the transaction, the senior vice president now directly owns 14,306 shares in the company, valued at $634,900.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Todd R. Ford sold 1,446 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $32.32, for a total transaction of $46,734.72. Following the transaction, the chief financial officer now owns 8,082 shares in the company, valued at $261,210.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 224,645 shares of company stock worth $8,693,319. Insiders own 32.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sylebra HK Co Ltd boosted its stake in shares of Coupa Software by 82.9% during the fourth quarter. Sylebra HK Co Ltd now owns 3,962,308 shares of the technology company’s stock valued at $123,703,000 after purchasing an additional 1,795,516 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Coupa Software by 1.2% during the fourth quarter. BlackRock Inc. now owns 1,878,010 shares of the technology company’s stock valued at $58,631,000 after purchasing an additional 22,441 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Coupa Software by 52.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,194,430 shares of the technology company’s stock valued at $37,290,000 after purchasing an additional 410,240 shares in the last quarter. Soma Equity Partners LP boosted its stake in shares of Coupa Software by 60.0% during the third quarter. Soma Equity Partners LP now owns 1,120,000 shares of the technology company’s stock valued at $34,888,000 after purchasing an additional 420,000 shares in the last quarter. Finally, Garelick Capital Partners LP boosted its stake in shares of Coupa Software by 71.1% during the fourth quarter. Garelick Capital Partners LP now owns 633,708 shares of the technology company’s stock valued at $19,784,000 after purchasing an additional 263,294 shares in the last quarter. Hedge funds and other institutional investors own 88.39% of the company’s stock.
Shares of Coupa Software (COUP) traded down $0.08 during mid-day trading on Friday, reaching $46.76. 162,876 shares of the company’s stock were exchanged, compared to its average volume of 780,974. The company has a market cap of $2,640.03, a P/E ratio of -56.39 and a beta of 1.29. Coupa Software has a twelve month low of $22.50 and a twelve month high of $50.69.
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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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