Equities analysts predict that Coupa Software Inc (NASDAQ:COUP) will post sales of $56.61 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Coupa Software’s earnings, with the highest sales estimate coming in at $56.78 million and the lowest estimate coming in at $56.37 million. Coupa Software reported sales of $44.55 million during the same quarter last year, which indicates a positive year-over-year growth rate of 27.1%. The company is expected to report its next earnings results after the market closes 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 fiscal 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 calculations are an average based on a survey of sell-side research firms that follow Coupa Software.
Coupa Software (NASDAQ:COUP) last posted its earnings results on Monday, June 4th. The technology company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.10. The company had revenue of $56.35 million for the quarter, compared to the consensus estimate of $51.33 million. Coupa Software had a negative return on equity of 19.17% and a negative net margin of 24.37%. The company’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.09) earnings per share.
Several equities research analysts recently issued reports on COUP shares. Royal Bank of Canada boosted their price objective on Coupa Software from $61.00 to $71.00 and gave the company an “outperform” rating in a report on Wednesday, July 18th. Zacks Investment Research upgraded Coupa Software from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a report on Monday, August 6th. Morgan Stanley boosted their price objective on Coupa Software from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, June 5th. SunTrust Banks boosted their price objective on Coupa Software to $65.00 and gave the company a “buy” rating in a report on Tuesday, June 5th. Finally, Barclays downgraded Coupa Software from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $51.48 to $51.00 in a report on Friday, May 18th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $55.19.
Shares of COUP stock traded up $1.64 on Tuesday, hitting $71.00. The stock had a trading volume of 483,522 shares, compared to its average volume of 770,656. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $3.89 billion, a PE ratio of -92.17 and a beta of 0.90. Coupa Software has a 1 year low of $29.37 and a 1 year high of $71.66.
In related news, CEO Robert Bernshteyn sold 63,225 shares of the business’s stock in a transaction on Monday, June 18th. The stock was 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 directly owns 199,637 shares of the company’s stock, valued at approximately $5,308,347.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ravi Thakur sold 40,000 shares of the business’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $70.00, for a total value of $2,800,000.00. Following the transaction, the senior vice president now directly owns 45,350 shares of the company’s stock, valued at $3,174,500. The disclosure for this sale can be found here. Insiders have sold a total of 391,200 shares of company stock valued at $23,036,851 over the last three months. 6.50% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in Coupa Software during the 2nd quarter worth $153,000. GAM Holding AG acquired a new position in shares of Coupa Software during the 2nd quarter worth about $204,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Coupa Software during the 2nd quarter worth about $211,000. StepStone Group LP acquired a new position in shares of Coupa Software during the 1st quarter worth about $186,000. Finally, Great West Life Assurance Co. Can boosted its position in shares of Coupa Software by 50.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 4,064 shares of the technology company’s stock worth $253,000 after acquiring an additional 1,364 shares in the last quarter. 94.29% of the stock is owned by hedge funds and other institutional investors.
About Coupa Software
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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