Wall Street analysts forecast that Coupa Software Inc (NASDAQ:COUP) will post ($0.11) earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Coupa Software’s earnings, with the highest EPS estimate coming in at ($0.09) and the lowest estimate coming in at ($0.12). Coupa Software reported earnings of ($0.09) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 22.2%. The business is expected to announce its next earnings results after the market closes on Monday, June 4th.
On average, analysts expect that Coupa Software will report full-year earnings of ($0.23) per share for the current financial year, with EPS estimates ranging from ($0.27) to ($0.19). For the next financial year, analysts anticipate that the firm 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 firms that that provide coverage for Coupa Software.
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Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, March 12th. The technology company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.17. The business had revenue of $53.80 million during the quarter, compared to the consensus estimate of $48.64 million. Coupa Software had a negative return on equity of 19.30% and a negative net margin of 23.45%. The company’s quarterly revenue was up 41.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) earnings per share.
Several equities research analysts have weighed in on the company. Barclays downgraded Coupa Software from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $51.48 to $51.00 in a report on Friday, May 18th. Zacks Investment Research raised Coupa Software from a “sell” rating to a “hold” rating in a report on Tuesday, May 15th. Morgan Stanley lifted their target price on Coupa Software from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 9th. ValuEngine raised Coupa Software from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, Goldman Sachs Group initiated coverage on Coupa Software in a report on Monday, April 23rd. They set a “buy” rating and a $60.00 target price for the company. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $47.12.
In other news, CRO Steven M. Winter sold 11,336 shares of the company’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $48.85, for a total value of $553,763.60. Following the transaction, the executive now owns 12,480 shares of the company’s stock, valued at approximately $609,648. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Ravi Thakur sold 11,240 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $44.38, for a total value of $498,831.20. Following the completion of the transaction, the senior vice president now directly owns 14,306 shares in the company, valued at approximately $634,900.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 392,770 shares of company stock worth $18,888,603. Corporate insiders own 6.50% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP lifted its stake in shares of Coupa Software by 13.1% in the 1st quarter. Quantbot Technologies LP now owns 10,144 shares of the technology company’s stock valued at $462,000 after purchasing an additional 1,176 shares during the last quarter. Swiss National Bank lifted its stake in shares of Coupa Software by 7.1% in the 4th quarter. Swiss National Bank now owns 45,100 shares of the technology company’s stock valued at $1,408,000 after purchasing an additional 3,000 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Coupa Software by 9.2% in the 4th quarter. First Trust Advisors LP now owns 44,879 shares of the technology company’s stock valued at $1,401,000 after purchasing an additional 3,787 shares during the last quarter. StepStone Group LP acquired a new position in shares of Coupa Software in the 1st quarter valued at $186,000. Finally, A.R.T. Advisors LLC lifted its stake in shares of Coupa Software by 42.7% in the 1st quarter. A.R.T. Advisors LLC now owns 19,395 shares of the technology company’s stock valued at $884,000 after purchasing an additional 5,800 shares during the last quarter. 93.03% of the stock is currently owned by institutional investors and hedge funds.
Coupa Software traded down $0.90, hitting $51.22, during trading on Wednesday, according to MarketBeat. The company’s stock had a trading volume of 485,279 shares, compared to its average volume of 664,592. The company has a debt-to-equity ratio of 0.68, a quick ratio of 3.18 and a current ratio of 3.18. The company has a market cap of $2.90 billion, a PE ratio of -67.39 and a beta of 1.15. Coupa Software has a fifty-two week low of $28.52 and a fifty-two week high of $55.10.
Coupa Software Company Profile
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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