Equities research analysts predict that Coupa Software Inc (NASDAQ:COUP) will report sales of $73.76 million for the current quarter, according to Zacks. Four analysts have made estimates for Coupa Software’s earnings, with the highest sales estimate coming in at $73.87 million and the lowest estimate coming in at $73.62 million. Coupa Software reported sales of $56.35 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 30.9%. The firm is expected to announce its next earnings report on Monday, June 3rd.
On average, analysts expect that Coupa Software will report full year sales of $326.42 million for the current year, with estimates ranging from $325.88 million to $327.01 million. For the next financial year, analysts expect that the business will post sales of $407.53 million, with estimates ranging from $392.74 million to $417.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Coupa Software.
Coupa Software (NASDAQ:COUP) last released its quarterly earnings data on Monday, March 11th. The technology company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.08. Coupa Software had a negative net margin of 21.33% and a negative return on equity of 14.28%. The firm had revenue of $74.91 million for the quarter, compared to analyst estimates of $68.07 million.
COUP has been the subject of several recent research reports. Royal Bank of Canada lifted their target price on shares of Coupa Software from $84.00 to $104.00 and gave the stock an “outperform” rating in a research note on Friday, March 8th. Cantor Fitzgerald reiterated a “buy” rating and issued a $92.00 target price on shares of Coupa Software in a research note on Sunday, January 13th. Zacks Investment Research downgraded shares of Coupa Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 5th. Oppenheimer boosted their price objective on shares of Coupa Software from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, March 13th. Finally, Morgan Stanley boosted their price objective on shares of Coupa Software from $70.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, March 8th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $93.00.
NASDAQ COUP traded down $4.21 during trading hours on Friday, reaching $89.62. 39,043 shares of the company were exchanged, compared to its average volume of 1,375,648. Coupa Software has a 1 year low of $45.77 and a 1 year high of $100.00. The company has a market capitalization of $5.75 billion, a PE ratio of -133.81 and a beta of 1.85.
In other Coupa Software news, Director Veenendaal Frank Van sold 1,299 shares of Coupa Software stock in a transaction that occurred on Thursday, January 17th. The shares were sold at an average price of $70.00, for a total transaction of $90,930.00. Following the completion of the sale, the director now directly owns 122,336 shares in the company, valued at $8,563,520. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Anthony D. Tiscornia sold 901 shares of Coupa Software stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $96.19, for a total transaction of $86,667.19. Following the sale, the chief accounting officer now owns 828 shares of the company’s stock, valued at $79,645.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 322,590 shares of company stock valued at $28,597,192. 6.50% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Coupa Software by 11.3% during the third quarter. Vanguard Group Inc. now owns 4,610,782 shares of the technology company’s stock valued at $364,712,000 after purchasing an additional 467,714 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Coupa Software by 11.3% in the 3rd quarter. Vanguard Group Inc now owns 4,610,782 shares of the technology company’s stock worth $364,712,000 after acquiring an additional 467,714 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Coupa Software by 20.9% in the 4th quarter. BlackRock Inc. now owns 4,206,903 shares of the technology company’s stock worth $264,447,000 after acquiring an additional 726,412 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Coupa Software by 3.8% in the 3rd quarter. Morgan Stanley now owns 3,733,253 shares of the technology company’s stock worth $295,300,000 after acquiring an additional 137,624 shares during the last quarter. Finally, Sylebra HK Co Ltd lifted its holdings in shares of Coupa Software by 2.4% in the 4th quarter. Sylebra HK Co Ltd now owns 3,562,820 shares of the technology company’s stock worth $223,959,000 after acquiring an additional 81,852 shares during the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.
About Coupa Software
Coupa Software Incorporated provides cloud-based business 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.
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