Equities analysts expect that COUPA SOFTWARE (NASDAQ:COUP) will announce earnings of ($0.11) per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for COUPA SOFTWARE’s earnings. The lowest EPS estimate is ($0.12) and the highest is ($0.11). COUPA SOFTWARE posted earnings of ($0.22) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The firm is scheduled to announce its next earnings results on Monday, January 1st.
On average, analysts expect that COUPA SOFTWARE will report full-year earnings of ($0.48) per share for the current financial year, with EPS estimates ranging from ($0.49) to ($0.47). For the next fiscal year, analysts forecast that the business will report earnings of ($0.37) per share, with EPS estimates ranging from ($0.46) to ($0.23). Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for COUPA SOFTWARE.
COUPA SOFTWARE (NASDAQ:COUP) last announced its quarterly earnings data on Tuesday, September 5th. The technology company reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.18. COUPA SOFTWARE had a negative return on equity of 19.01% and a negative net margin of 24.00%. The firm had revenue of $44.60 million during the quarter, compared to the consensus estimate of $41.59 million. The business’s revenue was up 43.4% compared to the same quarter last year.
COUP has been the subject of a number of research analyst reports. Cantor Fitzgerald initiated coverage on COUPA SOFTWARE in a research note on Thursday, July 20th. They set an “overweight” rating and a $35.00 price target for the company. Northland Securities reissued a “buy” rating and set a $38.00 price target on shares of COUPA SOFTWARE in a research note on Thursday, August 10th. ValuEngine raised COUPA SOFTWARE from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Zacks Investment Research lowered COUPA SOFTWARE from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. Finally, First Analysis initiated coverage on COUPA SOFTWARE in a research note on Monday, August 7th. They set an “overweight” rating and a $37.00 price target for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $35.16.
In other COUPA SOFTWARE news, insider Ravi Thakur sold 11,240 shares of COUPA SOFTWARE stock in a transaction on Friday, September 1st. The stock was sold at an average price of $30.29, for a total transaction of $340,459.60. Following the completion of the sale, the insider now directly owns 45,695 shares of the company’s stock, valued at approximately $1,384,101.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Todd R. Ford sold 12,000 shares of COUPA SOFTWARE stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $29.45, for a total value of $353,400.00. Following the sale, the chief financial officer now directly owns 14,613 shares of the company’s stock, valued at $430,352.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 429,686 shares of company stock valued at $13,717,355. 32.10% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of COUPA SOFTWARE by 260.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,700,303 shares of the technology company’s stock worth $78,254,000 after acquiring an additional 1,950,862 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of COUPA SOFTWARE in the 3rd quarter worth $24,428,000. Voya Investment Management LLC bought a new position in shares of COUPA SOFTWARE in the 2nd quarter worth $22,196,000. Janus Henderson Group PLC bought a new position in shares of COUPA SOFTWARE in the 2nd quarter worth $18,242,000. Finally, Federated Investors Inc. PA raised its position in shares of COUPA SOFTWARE by 110.5% in the 2nd quarter. Federated Investors Inc. PA now owns 1,073,100 shares of the technology company’s stock worth $31,098,000 after acquiring an additional 563,200 shares in the last quarter. 63.68% of the stock is owned by institutional investors and hedge funds.
Shares of COUPA SOFTWARE (COUP) traded up 0.60% during mid-day trading on Wednesday, reaching $34.96. The company’s stock had a trading volume of 110,523 shares. COUPA SOFTWARE has a 52-week low of $22.50 and a 52-week high of $37.72. The company has a 50-day moving average price of $33.30 and a 200 day moving average price of $33.23. The company’s market cap is $1.87 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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