Coupa Software (COUP) Expected to Announce Quarterly Sales of $41.57 Million
Equities analysts predict that Coupa Software (NASDAQ:COUP) will announce sales of $41.57 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Coupa Software’s earnings. The highest sales estimate is $41.61 million and the lowest is $41.51 million. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Coupa Software will report full-year sales of $41.57 million for the current year, with estimates ranging from $173.54 million to $174.74 million. For the next year, analysts expect that the business will report sales of $213.61 million per share, with estimates ranging from $211.72 million to $215.84 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Coupa Software.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data on Monday, June 5th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.05. The firm had revenue of $41.10 million for the quarter, compared to analyst estimates of $38.33 million. During the same period in the prior year, the company posted ($1.76) EPS. The firm’s quarterly revenue was up 40.8% compared to the same quarter last year.
COUP has been the topic of a number of research reports. BTIG Research initiated coverage on shares of Coupa Software in a research note on Monday, June 12th. They set a “buy” rating and a $44.00 target price on the stock. Barclays PLC boosted their target price on shares of Coupa Software from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $31.00 target price (up previously from $29.00) on shares of Coupa Software in a research note on Saturday, June 3rd. Zacks Investment Research raised shares of Coupa Software from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $31.00 target price (up previously from $27.00) on shares of Coupa Software in a research note on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $33.79.
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In other Coupa Software news, insider Ravi Thakur sold 11,240 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $29.03, for a total transaction of $326,297.20. Following the sale, the insider now owns 68,175 shares of the company’s stock, valued at $1,979,120.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles Beeler sold 1,100,000 shares of the business’s stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $24.05, for a total transaction of $26,455,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,660,583 shares of company stock worth $64,205,716. Insiders own 32.10% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Sylebra HK Co Ltd bought a new stake in Coupa Software during the first quarter worth $28,720,000. Janus Capital Management LLC acquired a new position in shares of Coupa Software during the first quarter worth approximately $12,160,000. Morgan Stanley raised its position in shares of Coupa Software by 36.9% in the first quarter. Morgan Stanley now owns 686,277 shares of the technology company’s stock worth $17,431,000 after buying an additional 184,865 shares during the period. Vanguard Group Inc. raised its position in shares of Coupa Software by 27.5% in the first quarter. Vanguard Group Inc. now owns 749,441 shares of the technology company’s stock worth $19,035,000 after buying an additional 161,830 shares during the period. Finally, State Street Corp acquired a new position in shares of Coupa Software during the fourth quarter worth approximately $2,224,000. 52.76% of the stock is currently owned by hedge funds and other institutional investors.
Coupa Software (NASDAQ COUP) traded up 3.27% on Friday, reaching $31.25. The company’s stock had a trading volume of 530,847 shares. Coupa Software has a 12 month low of $22.50 and a 12 month high of $41.61. The firm’s 50 day moving average is $32.17 and its 200-day moving average is $27.69. The firm’s market cap is $1.66 billion.
Coupa Software Company Profile
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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