Coupa Software (NASDAQ:COUP) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.03-0.06 for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.02). The company issued revenue guidance of $101.5-102.5 million, compared to the consensus revenue estimate of $99.50 million.Coupa Software also updated its FY 2020
After-Hours guidance to 0.34-0.37 EPS.
Shares of Coupa Software stock traded down $4.55 during trading on Monday, reaching $148.94. The company’s stock had a trading volume of 2,676,719 shares, compared to its average volume of 1,665,825. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 1.25. Coupa Software has a 12-month low of $52.02 and a 12-month high of $159.97. The company has a market capitalization of $9.21 billion, a P/E ratio of -222.30 and a beta of 1.59. The business has a 50 day moving average price of $140.41 and a 200-day moving average price of $134.52.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Tuesday, September 3rd. The technology company reported ($0.25) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.44) by $0.19. Coupa Software had a negative return on equity of 13.73% and a negative net margin of 20.91%. The firm had revenue of $95.00 million for the quarter, compared to the consensus estimate of $85.38 million. During the same period in the previous year, the business earned $0.05 earnings per share. The company’s revenue for the quarter was up 54.0% compared to the same quarter last year. Research analysts predict that Coupa Software will post -1.01 EPS for the current fiscal year.
A number of analysts recently weighed in on COUP shares. FBN Securities started coverage on Coupa Software in a research note on Tuesday, September 17th. They issued an outperform rating and a $165.00 price target on the stock. Canaccord Genuity started coverage on Coupa Software in a research note on Thursday, September 12th. They issued a buy rating and a $171.00 price target on the stock. Zacks Investment Research downgraded Coupa Software from a buy rating to a hold rating in a research note on Thursday, November 7th. Barclays lifted their price target on Coupa Software from $101.00 to $139.00 and gave the company an equal weight rating in a research note on Wednesday, September 4th. Finally, Citigroup initiated coverage on Coupa Software in a research note on Friday, October 25th. They issued a neutral rating and a $141.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Coupa Software has a consensus rating of Buy and an average target price of $153.50.
In other news, insider Mark Riggs sold 930 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $149.31, for a total value of $138,858.30. Following the sale, the insider now directly owns 2,685 shares in the company, valued at $400,897.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Steven M. Winter sold 11,336 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $158.47, for a total value of $1,796,415.92. Following the completion of the sale, the executive now owns 15,492 shares in the company, valued at $2,455,017.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 313,054 shares of company stock worth $44,044,494. 5.30% of the stock is owned by company insiders.
About Coupa Software
Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.
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